Insurance opportunities against weather risks for smallholder farmers in Africa

Chapter 6 provides important insights into the promises and limits of production risk management through financial mechanisms. In particular the authors investigate the role that weather index insurance can play in generating better adaptation pathways to weather shocks for smallholder farmers than...

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Bibliographic Details
Main Authors: Ceballos, Francisco, Ulimwengu, John M., Makombe, Tsitsi, Robles, Miguel
Format: Book Chapter
Language:Inglés
Published: International Food Policy Research Institute 2017
Subjects:
Online Access:https://hdl.handle.net/10568/147889
Description
Summary:Chapter 6 provides important insights into the promises and limits of production risk management through financial mechanisms. In particular the authors investigate the role that weather index insurance can play in generating better adaptation pathways to weather shocks for smallholder farmers than existing ones. Evidence from several pilot insurance programs shows that although the potential for innovative insurance mechanisms is real, additional work to understand their effectiveness and substantial scale-up efforts will be needed to achieve a sustainable expansion of efficient agricultural insurance markets in Africa.