MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN
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 farme...
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| Format: | Article |
| Language: | English |
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International Journal of Food and Agricultural Economics
2019-10-01
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| Series: | International Journal of Food and Agricultural Economics |
| Subjects: | |
| Online Access: | http://www.foodandagriculturejournal.com/vol7.no4.pp313.pdf |
| _version_ | 1797921454023507968 |
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| author | Lionel Ricardo Hountondji Silvere D. Tovignan Senakpon E. H. Kokoye Euloge Chabi |
| author_facet | Lionel Ricardo Hountondji Silvere D. Tovignan Senakpon E. H. Kokoye Euloge Chabi |
| author_sort | Lionel Ricardo Hountondji |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-10T14:16:15Z |
| format | Article |
| id | doaj.art-37cf29bd1c56413f981d90ea373bcad8 |
| institution | Directory Open Access Journal |
| issn | 2147-8988 2147-8988 |
| language | English |
| last_indexed | 2024-04-10T14:16:15Z |
| publishDate | 2019-10-01 |
| publisher | International Journal of Food and Agricultural Economics |
| record_format | Article |
| series | International Journal of Food and Agricultural Economics |
| spelling | doaj.art-37cf29bd1c56413f981d90ea373bcad82023-02-15T16:09:31ZengInternational Journal of Food and Agricultural EconomicsInternational Journal of Food and Agricultural Economics2147-89882147-89882019-10-0174313327MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENINLionel Ricardo Hountondji0Silvere D. Tovignan1Senakpon E. H. Kokoye2Euloge Chabi3University of Parakou, Department of Agricultural Economics and Rural Sociology, BeninUniversity of Parakou, Department of Agricultural Economics and Rural Sociology, BeninUniversity of Parakou, Department of Agricultural Economics and Rural Sociology, BeninUniversity of Parakou, Department of Agricultural Economics and Rural Sociology, BeninFaced 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.http://www.foodandagriculturejournal.com/vol7.no4.pp313.pdfindex-based insurancemaize productionrainfallbenin |
| spellingShingle | Lionel Ricardo Hountondji Silvere D. Tovignan Senakpon E. H. Kokoye Euloge Chabi MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN International Journal of Food and Agricultural Economics index-based insurance maize production rainfall benin |
| title | MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN |
| title_full | MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN |
| title_fullStr | MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN |
| title_full_unstemmed | MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN |
| title_short | MAIZE FARMER PERCEPTION AND PARTICIPATION IN CROP AND RAINFALL INDEX-BASED INSURANCE PROGRAM IN BENIN |
| title_sort | maize farmer perception and participation in crop and rainfall index based insurance program in benin |
| topic | index-based insurance maize production rainfall benin |
| url | http://www.foodandagriculturejournal.com/vol7.no4.pp313.pdf |
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