Agriculture is undoubtedly risky, and the risk of a bad year discourages farmers from investing in high-yielding activities. By building resilience, agricultural insurance can help farmers improve their productivity and provide food security.
As microfinance institutions (MFIs) grow in many countries worldwide, debate continues over whether such programs truly benefit the poor. Proponents emphasize the need for innovative ways to provide poor populations access to financial services.
Agriculture the backbone of Indian economy that engages more than 50 percent of the country’s workforce, is losing its preference as the most desired profession. Research shows that more than 40 percent of farmers dislike farming as a profession because of low profits, high risk, and lack of social status, yet they continue with itRead more
Cross-posted from the FSP India website written by Jaspreet Aulakh Shocks of any form can be have a more pronounced effect in the developing countries like India where half of the population is engaged in agriculture, and the occurrence of droughts can deplete of productive assets, aggravate food insecurity, and entrench people further into poverty. During a droughtRead more
Agriculture is highly vulnerable to even short term weather change, therefore even a small shift in climate poses direct threat to farmers, who not only have to secure his livelihood but also need to produce sufficient food to feed the growing population. Despite significant achievement in food grain production, farmer’s today face the challenge ofRead more
The following is an excerpted version of a story originally published on the CGIAR- CCAFS website. “But why do you want to buy index insurance?” asked the International Food Policy Research Institute (IFPRI) index insurance pilot representative in the Bogra region of Bangladesh. “You already irrigate if there’s a dry spell – you are alreadyRead more
Farmers in rural Bangladesh have limited ability to cope with risks such as flood, drought, injury, or illness. A recent IFPRI discussion paper on, The value of customized insurance for farmers in rural Bangladesh, investigates which financial instruments farmers prefer in order to understand whether insurance or savings—or a combination of the two—is more likelyRead more