Problems of crediting and insurance in agriculture
Small farmers in developing countries pay higher insurance premium or interest rate and yet, rural loans or insurance are rather scarce for them. Does it mean rural insurance/loans in undeveloping countries are not profitable? Many analysis and trends in the global financial services market to the...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2018-10-01
|
| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://www.ea.bg.ac.rs/index.php/EA/article/view/1020 |
| _version_ | 1797825201767972864 |
|---|---|
| author | Mladenka Balaban Ivana Simeunović Ivana Simeunović |
| author_facet | Mladenka Balaban Ivana Simeunović Ivana Simeunović |
| author_sort | Mladenka Balaban |
| collection | DOAJ |
| description |
Small farmers in developing countries pay higher insurance premium or interest rate and yet, rural loans or insurance are rather scarce for them. Does it mean rural insurance/loans in undeveloping countries are not profitable? Many analysis and trends in the global financial services market to the contrary, as evidenced by numerous references, yet in developing countries there are some problems in development of these types of financial services, which could significantly assist in the development agriculture. Adverse selection in insurance markets refers to the situation where insurers find it impossible or very expensive to distinguish between high-risk and low risk insurance applicants and thus prices insurances contracts at the average premium for all individuals, which is inappropriate.
|
| first_indexed | 2024-03-13T10:49:33Z |
| format | Article |
| id | doaj.art-b83d561c95a247d096f25107757150a8 |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-03-13T10:49:33Z |
| publishDate | 2018-10-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-b83d561c95a247d096f25107757150a82023-05-17T16:57:15ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532018-10-0157Spec.num.2Problems of crediting and insurance in agricultureMladenka Balaban0Ivana Simeunović1Ivana Simeunović2Institute of Economic Sciences, BelgradeBelgrade Banking AcademyUnicredit Bank Serbia, Belgrade Small farmers in developing countries pay higher insurance premium or interest rate and yet, rural loans or insurance are rather scarce for them. Does it mean rural insurance/loans in undeveloping countries are not profitable? Many analysis and trends in the global financial services market to the contrary, as evidenced by numerous references, yet in developing countries there are some problems in development of these types of financial services, which could significantly assist in the development agriculture. Adverse selection in insurance markets refers to the situation where insurers find it impossible or very expensive to distinguish between high-risk and low risk insurance applicants and thus prices insurances contracts at the average premium for all individuals, which is inappropriate. https://www.ea.bg.ac.rs/index.php/EA/article/view/1020insurance, credit, policies, farmers, risk |
| spellingShingle | Mladenka Balaban Ivana Simeunović Ivana Simeunović Problems of crediting and insurance in agriculture Ekonomika Poljoprivrede (1979) insurance, credit, policies, farmers, risk |
| title | Problems of crediting and insurance in agriculture |
| title_full | Problems of crediting and insurance in agriculture |
| title_fullStr | Problems of crediting and insurance in agriculture |
| title_full_unstemmed | Problems of crediting and insurance in agriculture |
| title_short | Problems of crediting and insurance in agriculture |
| title_sort | problems of crediting and insurance in agriculture |
| topic | insurance, credit, policies, farmers, risk |
| url | https://www.ea.bg.ac.rs/index.php/EA/article/view/1020 |
| work_keys_str_mv | AT mladenkabalaban problemsofcreditingandinsuranceinagriculture AT ivanasimeunovic problemsofcreditingandinsuranceinagriculture AT ivanasimeunovic problemsofcreditingandinsuranceinagriculture |