Date Published:
Jan 17, 2017
Category:
Discussion Papers
Focus Area(s):
Code:
DP 2017-02

While agricultural insurance has long been considered a risk management tool for farmers in both developing and developed economies, policy directions toward sustainability vary across countries. Reviewing the literature provides a comprehensive view of relevant issues, such as objectives of the program, credit access by farmers, program costs, and premium subsidies provided by the national and local governments. This paper provides insights on how agricultural insurance programs from selected developed and developing economies were implemented. Learning from different country experiences, agricultural insurance is important yet costly to implement. Private insurance companies complement with the government-run insurance company to improve coverage rates. Targeting eligible beneficiaries is crucial in the success of a highly subsidized agricultural insurance, especially in developing economies.

Citations

This publication has been cited 3 times

In other Publications
  1. Filho, Walter Leal, et. al. 2022. Transformative adaptation as a sustainable response to climate change: Insights from large-scale case studies. Mitigation and Adaptation Strategies for Global Change, 27, no. 3, 1-26 . Springer.
  2. Tiwari, Rajesh, Khem Chand, and Bimal Anjum. 2020. Crop insurance in India: A review of Pradhan Mantri Fasal Bima Yojana (PMFBY). FIIB Business Review, 9, no. 4, 249-255 .
In the Media
  1. 2017. LGU partnership urged to expand agri insurance. Malaya.


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