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Coffee Climate Protection Insurance (CCPI) scheme led by the private sector in the Central Highlands, Vietnam covered 200 hectares of farms of coffee producers protecting them from the risk of drought and excessive rainfall

As part of the Year1 pilot, 60% of participating farmers in Lam Dong paid for half of the premium demonstrating farmers’ confidence and trust in the insurance product. Industry-led uptake of coffee index insurance for drought and excessive rainfall risks cover, co-designed with coffee producers with...

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Main Author: CGIAR Research Program on Climate Change, Agriculture and Food Security
Format: Case Study
Language:Inglés
Published: 2021
Subjects:
farmers
climate
smallholders
drought
highlands
coffee
private sector
insurance
farms
risk
industry
rainfall
protection
plantation
trust
case studies
agrifood systems
rural development
Online Access:https://hdl.handle.net/10568/121227
Summary:As part of the Year1 pilot, 60% of participating farmers in Lam Dong paid for half of the premium demonstrating farmers’ confidence and trust in the insurance product. Industry-led uptake of coffee index insurance for drought and excessive rainfall risks cover, co-designed with coffee producers with insurance policy distributed to 100 smallholders (~200 hectares of coffee plantation) with premium partially supported by the private sector as part of 5-year Coffee Climate Protection Insurance (CCPI) scheme 2021-2025 under DeRISK SoutheastAsia project.

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