Demand for Crop Insurance in Developing Countries: New Evidence from India.

ABSTRACT: Determining farmers' real demand for crop insurance is difficult, especially in developing countries, where there is a lack of formal financial sector integration and a high reliance on informal risk mitigation options. We provide some new estimates of farmers' willingness-to-pay for insurance in the context of a large-scale subsidised programme in India. We conducted a discrete choice experiment with agricultural households across four states in India, enabling us to estimate preferences for specific insurance policy attributes such as coverage period, method of loss assessment, timing of indemnity payments and the cost of insurance. Our results suggest that farmers do value crop insurance under certain conditions and some are willing to pay a premium for such coverage in excess of the su

SUBMITTER: Ghosh RK 

PROVIDER: S-EPMC7821195 | biostudies-literature | 2021 Feb

REPOSITORIES: biostudies-literature