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 146
- Downloads 0
AN ECONOMIC WELFARE ANALYSIS OF AGRICULTURAL SUBSIDIES AND INVENTORY HOLDINGS: AN APPLICATION TO THE HAZELNUT INDUSTRY
This study presents an industry model developed to analyze the link between targeted production subsidies and excess inventory holdings by using equilibrium displacement modelling. A major question to be investigated is...
FACTORS INFLUENCING THE INTENSITY OF EU WINE EXPORTS TO THE UNITED STATES
The standard gravity model is adapted to determine and quantify factors which influence EU wine exports to the United States. Using the trade intensity index to represent a country’s relative share of the U.S. wine marke...
LONG-TERM CHOICES FOR QUINOA FARMERS IN PUNO, PERU. A REAL OPTIONS STUDY
The aim of this article is to assess the optimal choices of a smallholder quinoa farmer in the Puno Peru, in terms of their decision if and when to undertake certain investments that are expected to increase quinoa yield...
THE IMPACT OF MINIMUM WAGE ON FOOD AWAY FROM HOME EXPENDITURE USING STRUCTURAL EQUATION MODEL
This paper develops the proxy variable for food away from home price to solve the omitted variable problem in FAFH expenditure. Secondly, this paper incorporates two equations for FAFH price and demand to capture the min...
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...