Fish farmers’ attitude toward agricultural insurance scheme in Ondo State Nigeria

Olayinka, Oladipo Felix; Olayode, Olawunmi Oluwafunmilola; Adesoji, S. A.; Daudu, Abdulrasaq Kamal

doi:10.4314/jae.v22i3.10

Cited by 4 publications

(2 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Each statement, had farmers indicating their level of agreement on a Likert scale. This is consistent with the data gathering approach for assessing attitudes towards agricultural insurance [42][43][44].…”

Section: Farmers' Risk Attitudes and Risk Management Coping Mechanismssupporting

confidence: 86%

Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

et al. 2021

View full text Add to dashboard Cite

Background Weather-related risks thwart agricultural productivity gains especially in the face of climate change. Agricultural insurance serves as a reliable risk mitigation instrument for coping with climate-related hazards. This notwithstanding, agricultural insurance penetration among smallholder farmers in the global south remains low. This study investigated the access and acceptability of agricultural insurance among smallholder food crop farmers in Ghana. Method The study employed a mixed-methods approach involving both quantitative and qualitative approaches. The study was carried out in the Northern, Volta and Western regions involving 7 communities in 5 districts. A total of 200 farmers were sampled through a multi-stage purposive sampling and interviewed. A cross-sectional survey involved 100 respondents under the quantitative approach whilst the qualitative study engaged additional 100 farmers. Results The results show that smallholder farmers’ access and acceptability of agricultural insurance is low (14%) and scarce but ironically considered useful by many (90%) as an effective tool to deal with agricultural risks. Inadequate knowledge about agricultural insurance products constituted the most stated reason (64%) for the scarce adoption rate, followed (23%) by the unavailability of insurance products in areas needed but absent. A few (5%) reported insurance to be expensive. Acceptability and accessibility of agricultural insurance are further influenced by gender, educational level, low knowledge, information asymmetry and wrong perception concerning agricultural insurance products. Sense of security and reduced impact of climate variabilities constituted important benefits guaranteed by agricultural insurance. Conclusions Agricultural insurance access and acceptability is constrained by limited knowledge of agricultural insurance products. It is recommended that more insurance companies be incentivized to augment already existing efforts by Ghana Agricultural Insurance Pool (GAIP) to enroll more smallholder farmers. The government can consider bundling existing insurance products with credit or inputs under the Planting for Food and Jobs Programme (PFJ) to improve uptake and accessibility of agricultural insurance.

show abstract

Section: Farmers' Risk Attitudes and Risk Management Coping Mechanismssupporting

confidence: 86%

Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

et al. 2021

View full text Add to dashboard Cite

show abstract

“…Most fish farmers in the study area who had not procured insurance had opted to be self-insured owing to the high costs of fish farming insurance and small-scale nature of their fish farming business. The findings are in agreement with Olayinka et al (2018), who, in their study in Ondo State, Nigeria, concluded that most fish farmers did not procure insurance due to the smallscale status of their fish farming business. Mohanty (2018) found adoption of aquaculture insurance as an adaptation strategy amongst shrimp farmers in India.…”

Section: Adaptation In Response To Extreme Climate Eventssupporting

confidence: 89%

Socio-Economic Vulnerability and Adaptations of Fish Farmers to Climate Variability and Extreme Climate Events in Selected Parts of Kitui County, Kenya

Nzilu

Ndungu²,

Mwangi³

et al. 2023

Afr. j. clim. chang. resour. sustain.

View full text Add to dashboard Cite

Climate variability and extreme climate events is one of the many challenges faced by fish farmers. The present study was carried out to assess and compare the socio-economic vulnerability and adaptations of fish farmers to climate variability and extreme climate events in arid and semi-arid lands of Central and Eastern parts of Kitui County, Kenya. Both study sites were purposively selected and the descriptive research design adopted. A total of 60 fish farming households were randomly selected to form the sample size for the study. The socio-economic vulnerability analysis of the fish farmers was based on an index constructed from carefully selected indicators for adaptive capacity. Principal Component Analysis was used to give weights to the indicators. The overall adaptive capacity index results revealed that possession of various assets varied between the two study sites, implying a spatial difference in socio-economic vulnerability between the two study sites. Regarding adaptation, results revealed that the level of adoption of various adaptation strategies to climate variability and extreme climate events also differed significantly between the two study sites and was subject to the adaptive capacity of the fish farmer. Therefore, this study recommends that the socio-economic vulnerability profile of the fish farmers inform any adaptation actions to be taken on fish farmers in arid and semi-arid lands.

show abstract

Mapping global research on agricultural insurance

Vyas

Kropff

Aggarwal

et al. 2021

Environ. Res. Lett.

View full text Add to dashboard Cite

Fish farmers’ attitude toward agricultural insurance scheme in Ondo State Nigeria

Cited by 4 publications

References 2 publications

Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

Socio-Economic Vulnerability and Adaptations of Fish Farmers to Climate Variability and Extreme Climate Events in Selected Parts of Kitui County, Kenya

Mapping global research on agricultural insurance

Contact Info

Product

Resources

About