Economic and socio-cultural determinants of agricultural insurance demand across countries

Sihem, Ezdini

doi:10.1016/j.jssas.2017.04.004

Cited by 20 publications

(15 citation statements)

References 20 publications

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“…Consequently, allowing farmers to comprehend the benefits of insurance (Treerattanapun, 2011). The result validates the finding of Sihem (2019) who found a positive relationship between education and agricultural insurance. Household size was found to have a negative and significant (p < 0.01) influence on the probability of aquaculture insurance participation, but no influence on the amount intensity.…”

Section: Perceptions Of Aquaculture Insurance Prospects In Ghanasupporting

confidence: 90%

Prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern Region of Ghana

Mensah

Amrago

Mensah³

et al. 2021

WJSTSD

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PurposeAquaculture insurance has the potential of redressing climate-change because it serves as an alternative source of finance in the event of unforeseen circumstances. To this end, the authors examine the prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern region of Ghana.Design/methodology/approachA total of 140 fish farmers were sampled for the study. Thematic analysis was used to determine perceived aquaculture insurance prospects. The Heckman's two-stage model, profitability index (PI) and return on investment (ROI) was employed to respectively determine the factors influencing aquaculture insurance participation and amount intensity and the profitability of aquaculture.FindingsThe thematic analysis revealed three themes on the perception of aquaculture insurance prospects: loss recovery, farm renovation and promotes agriculture. Different sets of demographic and institutional factors have varying influences on aquaculture insurance participation and amount intensity. Profitability index (PI) and return on investment (ROI) were respectively 2.07 and 3.2%.Originality/valueThe research provides relevant information on perceived aquaculture insurance prospects, aquaculture insurance participation, and amount intensity and profitability of aquaculture which can contribute to enhancing aquaculture insurance and the aquaculture industry in Ghana.

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Section: Perceptions Of Aquaculture Insurance Prospects In Ghanasupporting

confidence: 90%

Prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern Region of Ghana

Mensah

Amrago

Mensah³

et al. 2021

WJSTSD

View full text Add to dashboard Cite

show abstract

“…From all these studies we can affirm that the willingness to pay depends on different factors, i.e., the price of the insurance contracts, the level of education of the farmers, the household income and the level of the subsidies. The choice to purchase or not the agricultural insurance policies also depends on different conditions such as: economic, demographic and cultural factors (Smith and Glaubler, 2012;Abotsi et al, 2014;Sihem, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Improving the economic sustainability of Italian Farmer: an Empirical Analysis of decision-making models for insurance adoption.

2021

New Medit

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To achieve sustainability, agricultural insurance is one of the main tools capable of reducing the vul-nerability of farmers. This is the reason it is important to investigate the different factors that affect the farmers’ agricultural insurance decision-making. The paper, using Regional panel data from Italy Regions and the GMM dynamic panel data model, examines the effect of different group variables on agricultural insurance decision making: risk perception and management, agricultural insurance recognition, trust and affordability. The aim of this paper is: (1) to analyze, through a systematic liter-ature review, which are the main problems regarding agricultural insurance diffusion, (2) to measure which category of variables influences agricultural insurance adoption, (3) to provide different policy solutions to improve the diffusion of agricultural insurance in Italy. The results show that agricultural insurance affordability, risk perception and management are the major influencing factors; a possible solution to improve the agricultural insurance demands would be to raise household net income and find an alternative solution to subsidies.

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“…Farzaneh et al (2017) reveal that farmers often view insurance as an unnecessary cost instead of an investment to reduce future risks, especially given the size of their small holdings of rice fields even though crop insurance can help farmers to stabilize their income (Marza et al, 2015). Sihem (2017) suggests that economic and institutional policies should be integrated with the development of crop insurance, such as agricultural development and crop management policies. For instance, crop insurance owners are encouraged to attempt new cultivation technologies, such as utilizing more dry and higher yielding varieties for farming to ensure the survival of crop although the price is higher (Boer, 2012).…”

Section: Benefits Of Crop Insurance To Enhance Livelihood Resiliencementioning

confidence: 99%

Self-organization and crop insurance to enhance livelihood resilience: A case of rice farmers in Cirebon Regency, Indonesia

Pratiwi¹,

Karuniasa²,

Suroso³

2018

AJCE

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Economic and socio-cultural determinants of agricultural insurance demand across countries

Cited by 20 publications

References 20 publications

Prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern Region of Ghana

Prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern Region of Ghana

Improving the economic sustainability of Italian Farmer: an Empirical Analysis of decision-making models for insurance adoption.

Self-organization and crop insurance to enhance livelihood resilience: A case of rice farmers in Cirebon Regency, Indonesia

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