MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN
Journal Title: International Journal of Food and Agricultural Economics - Year 2019, Vol 7, Issue 4
Abstract
Faced with the risk of climatic variability, crop and rainfall insurance becomes a necessary tool for farmers in Benin. The insurance has been recently introduced to help farmers mitigate climate risk. However, farmers are reluctant to its participation and adoption. With 155 randomly selected farmers in the district of Ouesse, this study investigates on determinants of participation in the crop and rainfall insurance program. The results of Poisson model and the hurdle model show that gender, the age combined with experience, the acreage of maize, the understanding of agricultural insurance, the education, the perception on agricultural insurance and the household income are the main drivers of the number of time farmers subscribed to the insurance. Producers should be made aware of the purpose of agricultural index-based insurance. In addition, financial support in form of discount should be provided to farmers with low income to get access to the agricultural insurance.
Authors and Affiliations
Lionel Ricardo Hountondji, Silvere D. Tovignan, Senakpon E. H. Kokoye, Euloge Chabi
Keywords
Related Articles
- EP ID EP670759
- DOI -
- Views 137
- Downloads 0
Price Transmission Analysis for Nicaragua Rice Market
Rice is the most important staple food for Nicaraguans. Analyzing price linkages among market levels is helpful for policy makers to evaluate the potential impacts of agricultural policy on producers and consumers, espec...
Sustainability of Bulgarian Farms
Assessing sustainability of agricultural farms is among the most topical issues for researchers, farmers, investors, administrators, politicians, interests groups and public at large. In academic publications, official d...
RICE OUTPUT RESPONSE TO COMMERCIAL LOAN TO AGRICULTURE IN NIGERIA FROM 1966 TO 2015
This study examined rice output response to commercial loan to agriculture (CLA) in Nigeria from 1966 to 2015. Employing the Augmented-Dickey Fuller test to analyze the level of stationarity of each of the series and app...
THE RELATIONSHIP BETWEEN ECONOMIC GROWTH, HUMAN CAPITAL, AND AGRICULTURE SECTOR: EMPIRICAL EVIDENCE FROM INDONESIA
The objective of this study to investigate the long and short-term relationship between economic growth, human capital, and agriculture sector in Indonesia. In addition, to analyze the interrelationship between economic...
THE ECONOMIC BENEFITS OF SMALL-HOLDER USE OF HERMETIC STORAGE FOR WHEAT IN AFGHANISTAN
Farmers in Afghanistan are able to produce quality grain, however, are unable to store the grain to maintain quality and seed viability. This greatly contributes to high rates of poverty and food insecurity. The Purdue I...