Impact of crop insurance on farmers’ income in Pune district of Maharashtra

Mote, Siddesh Sudhir; Sharma, Amita; Panda, Shubhaom; Rathore, Rakesh

doi:10.5958/2322-0430.2017.00140.8

Cited by 2 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Research shows that the agricultural production income of subsidized farmers is more stable after purchasing insurance [ 2 , 3 ]. Agricultural insurance can play a role in hedging risks when the grain yield or the price of grain falls [ 4 ] and compensate farmers for losses through a compensation mechanism. AISP increases the expected value of the agricultural production income [ 5 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy Dilemma in Resolving Agricultural Risks: Evidence from China’s Agricultural Insurance Subsidy Pilot

Gao

Shu

Cao

et al. 2021

IJERPH

View full text Add to dashboard Cite

The agricultural insurance subsidy policy (AISP) encourages farmers to expand production scale by mitigating production risks. Under the high-input production patterns of traditional agriculture, the implementation of AISP is conducive to increase farmers’ income, but it also leads to the destruction of the agricultural environment. Achieving agricultural green development (AGD) has been hindered in China. In this context, this paper attempts to analyze the impact of AISP on farmers’ income and the agricultural environment. Based on the panel data of 316 prefecture-level cities from 2003 to 2012 in China, this paper empirically tests the effects of AISP by employing methods such as time-varying difference-in-difference (DID). The results show that AISP has significantly promoted the growth of farmers’ incomes but has negatively impacted the agricultural environment. Furthermore, the mechanism analysis shows that the policy effects are realized by affecting the quantity of main productive fixed assets (Mpfa) and grain sown area per capita (Gsa). In addition, the policy effect is heterogeneous in different regions. Therefore, the government should appropriately raise the subsidy standard for farmers who adopt environmental-friendly production patterns. At the same time, the government should give more subsidies to the large grain-producing areas.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy Dilemma in Resolving Agricultural Risks: Evidence from China’s Agricultural Insurance Subsidy Pilot

Gao

Shu

Cao

et al. 2021

IJERPH

View full text Add to dashboard Cite

show abstract

“…Scholars have widely investigated the impact of agricultural insurance on the agricultural sector and determined its overall benefit in reducing agricultural production risk. According to the production process, the research can be divided into the influences on crop selection (Du et al 2017;Yu and Sumner 2018), planting area decisions (Claassen et al 2017;Burns and Prager 2018), insurance decision (Roll 2019;Yanuarti et al 2019), input (He et al 2020), farmer's income (Mote 2017;Sharma and Walters 2020;Agbenyo et al 2022), and output (Fadhliani et al 2019;Zou et al 2022). The study found that agricultural insurance can increase production, stabilize farmers' income, and protect national food security.…”

mentioning

confidence: 99%

How does price insurance alleviate the fluctuation of agricultural product market? A dynamic analysis based on cobweb model

Fu¹,

Shen²,

Huang³

2023

Agric. Econ. - Czech

View full text Add to dashboard Cite

Food security is of great importance to all countries. Correspondingly, agricultural price insurance is an important tool to maintain food security. This study adopts the traditional spider web model to establish a mathematical framework for exploring the internal mechanism of agricultural price insurance, which can ease the volatility of the agricultural market. Then, the influence of agricultural price insurance on the supply of agricultural products is examined. The findings show that the supply elasticity of most agricultural products is greater than the demand elasticity, with agricultural product markets presenting a natural divergence. Agricultural price insurance changes the supply curve of agricultural products by reducing their supply elasticity, subsequently positively affecting the reduction of price fluctuation and the stabilisation of outputs. Agricultural price insurance can even change agricultural product markets under certain conditions, allowing a shift from divergence to convergence. Moreover, by adjusting the insurance parameters of agricultural prices, the equilibrium yield and price can be changed, and the planting area and income of farmers can be maximised. The mathematical basis for agricultural insurance derived in this study can support food security strategies at the national level and further provide a theoretical basis to formulate policies and departmental measures.

show abstract

Impact of crop insurance on farmers’ income in Pune district of Maharashtra

Cited by 2 publications

References 0 publications

Fiscal Policy Dilemma in Resolving Agricultural Risks: Evidence from China’s Agricultural Insurance Subsidy Pilot

Fiscal Policy Dilemma in Resolving Agricultural Risks: Evidence from China’s Agricultural Insurance Subsidy Pilot

How does price insurance alleviate the fluctuation of agricultural product market? A dynamic analysis based on cobweb model

Contact Info

Product

Resources

About