Is There Too Much Hype about Index-based Agricultural Insurance?

By H. Binswanger-Mkhize. 2012

316 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science, Soil Science

View Paper: https://www.semanticscholar.org/paper/fde590760497d76284b5f5d7502bd28d68e4f352

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Citations in the corpus

Food and Earth Systems: Priorities for Climate Change Adaptation and Mitigation for Agriculture and Food Systems (2019, background): “The failure of many index insurance programs for farmers in the developing world has raised concerns about demand and variability [62,63].”
Climate change adaptation and mitigation in smallholder crop–livestock systems in sub-Saharan Africa: a call for integrated impact assessments (2016, background): “viability and potential impact (Binswanger-Mkhize 2012), evidence is building up that weather-index insurance sys-”
How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya (2014, background): “…addressing various aspects of theoretical and applied concerns related to the design, implementation, and assessment of index insurance products (Barnett & Mahul 2007; Barrett et al. 2007; Binswanger-Mkhize 2012; Chantarat et al. 2007; Clarke 2016; Jensen & Barrett 2017; Miranda & Farrin 2012).”
A Theory of Rational Demand for Index Insurance (2016, background): “(Binswanger-Mkhize 2011) This paper takes a different approach, arguing that the key to solving the puzzles is to note that the weather indexed insurance products currently being sold to farmers are derivatives, not indemnity insurance products.1 Our model is one of rational demand, where the…”
The rise of flex crops and commodities: implications for research (2016, background): “Interestingly, farmers have been very reluctant to sell agricultural derivatives or purchase micro-insurance, leading economists to question their ‘irrational’ behaviour (Binswager-Mkhize 2012; Da Costa 2014; Martin and Clapp 2015).”
Agricultural Index Insurance for Development (2017, background): “Index insurance products often face extremely low demand from the very farmers the products are designed to help (Binswanger-Mkhize 2012).”
Climate risk management and rural poverty reduction (2018, background): “Concerns about weak demand in many index-based insurance initiatives and randomized trials (Giné et al., 2008; Cole et al., 2017; Binswanger-Mkhize, 2012; Tadesse et al., 2015) are balanced by recognition that several initiatives that target smallholder farmers have scaled up rapidly in recent…”