000 02491nab a22003377a 4500
001 G98358
003 MX-TxCIM
005 20211124171423.0
008 211124s2013 ii |||p|op||| 00| 0 eng d
022 _a0974-0279 (Online)
022 _a0971-3441
040 _aMX-TxCIM
041 _aeng
090 _aCIS-7418
100 1 _aAli, A.
_8I1706046
_gFormerly Socioeconomics Program
_9800
245 1 0 _aFarmers' willingness to pay for index based crop insurance in Pakistan :
_ba case study on food and cash crops of rain-fed areas
260 _aIndia :
_bAgricultural Economics Research Association,
_c2013.
500 _aPeer review
500 _aPeer-review: No - Open Access: Yes|http://www.aeraindia.in/Publications.html
520 _aIn Pakistan, agriculture is vulnerable to multiple risks, especially in the rain-fed areas. The crop insurance can serve as a useful tool to manage risks in the rain-fed areas of Pakistan. This study has assessed farmers’ willingness to pay for insurance in the rain-fed areas of Pakistan by conducting a survey of 531 farmers in the Soon valley and Talagang areas of Pakistan. The farmers’ willingness to pay for the index based crop insurance has been studied by employing the different econometric models. It has been found that these rain-fed areas consider indexed based insurance to be an important risk management strategy. The empirical results have indicated that farmers’ economic status, household assets and membership of community organization are the important determinants of their willingness to pay a higher insurance premium. The propensity score matching results have revealed that farmers were satisfied with index based insurance and were also willing to increase the area under food as well as cash crops. This study has suggested that to make agricultural insurance scheme more successful, the government should provide subsidy which will help in increasing the area under food and cash crops and shall ensure food security in the region.
546 _aText in English
595 _aCSC
650 1 0 _aCash crops
650 1 0 _aFood crops
_91994
650 1 0 _aindex based insurance
650 1 0 _arain-fed, Pakistan
650 1 0 _awillingness to pay
773 0 _tAgricultural Economics Research Review
_gv. 26, no. 2, p. 241-248
_dIndia : Agricultural Economics Research Association, 2013.
_x0971-3441
856 4 _uhttps://hdl.handle.net/20.500.12665/174
_yAccess only for CIMMYT Staff
942 _cJA
_2ddc
_n0
999 _c30279
_d30279