In 2005 the EU lowered the guaranteed minimum prices for crops in its Common Agricultural Policy and stopped market interventions. Consequently, prices started to fluctuate more intensively, and farmers' incomes are now subject to higher price volatility. A crop price insurance scheme could...

This study aims to evaluate the impact of agricultural insurance of the Philippine Crop Insurance Corporation (PCIC) on corn farmers in the Cagayan Valley Region, Philippines. A total of 500 corn farmers were classified into the following treatments: 250 corn farmers with insurance (118 with...

The evaluation of the impact of agricultural insurance program of the Philippine Crop Insurance Corporation on coconut farmers in Region IV-A (CALABARZON) was conducted from October 2015 to July 2016. The main instrument for conducting impact evaluation was the Coconut Farmers Survey which...

There are many and varied government programs that target the agriculture and fisheries sector, especially the poor. For more efficient and streamlined program targeting, the Aquino administration has initiated the creation of the Registry Service for Basic Sectors in Agriculture (RSBSA), a list...

Typhoons, pests and other natural calamities cause the country, particularly the agricultural sector, significant damages. For instance, Typhoons Yolanda (Haiyan) and Ompong (Mangkhut) have caused PHP 35 billion and PHP 27 billion worth of agricultural damages, respectively, based on estimates...

We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members, explain under-valuation of agricultural insurance....

Weather index-based crop insurance is increasingly becoming important as a risk mitigation strategy that farmers may use to mitigate adverse climate shocks and natural disasters encountered during farming. While Europe, North America, and Asia account for 20.1%, 55%, and 19.5% of the total...

Farming is an activity which is heavily exposed to risk. Farmers have to deal daily with the change of weather, crops, and prices, resulting not only in fluctuations in income, but also in the need to incur emergency expenses. The purpose of this paper is to analyse the available catastrophic...

Providing agricultural insurance to farmers and fisherfolk in the Philippines has been implemented for nearly three decades. While it is agreed that agricultural insurance is crucial in assisting farmers, fisherfolk, and governments in lessening the negative financial impact of natural events,...

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...

There are many and varied government programs that target the agriculture and fisheries sector, especially the poor. For more efficient and streamlined program targeting, the Aquino administration has initiated the creation of the Registry Service for Basic Sectors in Agriculture (RSBSA), a list...

This study aims to evaluate the impact of agricultural insurance of the Philippine Crop Insurance Corporation (PCIC) on corn farmers in the Cagayan Valley Region, Philippines. A total of 500 corn farmers were classified into the following treatments: 250 corn farmers with insurance (118 with...

The evaluation of the impact of agricultural insurance program of the Philippine Crop Insurance Corporation on coconut farmers in Region IV-A (CALABARZON) was conducted from October 2015 to July 2016. The main instrument for conducting impact evaluation was the Coconut Farmers Survey which...

Production insurance is one of the main instruments of agricultural policy at the global level. It provides security against the damages caused by bad weather, as well as induces the adoption of technologies and preserves productive capacities. In several countries, the government have been...

The Philippine Crop Insurance Corporation (PCIC) started implementing the Agriculture Insurance Program (AIP) of the Philippines in 1981. Since then, the AIP has expanded its coverage from palay and corn to other crops and to other services including life and accidental death insurance to...

Smallholder farmers in developing countries are particularly vulnerable to climate shocks but often lack access to insurance. Weather index insurance (WII) is a promising innovation, but uptake has been lower than expected. WII contracts are not yet sufficiently tailored to the needs and...

Weather risk is a serious issue in the African small farm sector, which will further aggravate due to climate change. Farmers typically react by using low amounts of agricultural inputs. Low input use can help to minimize financial loss in bad years, but is also associated with low average yield...

Production insurance is one of the main instruments of agricultural policy at the global level. It provides security against the damages caused by bad weather, as well as induces the adoption of technologies and preserves productive capacities. In several countries, the government have been...

Risk is a daily reality especially among agricultural producers in developing countries, thus agricultural insurance is of interest to farmers, policymakers, insurance companies, and development finance institutions. From a survey data of 2,512 farmers, this paper sheds light on the possible...