Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/173579 
Year of Publication: 
2017
Series/Report no.: 
PIDS Discussion Paper Series No. 2017-02
Publisher: 
Philippine Institute for Development Studies (PIDS), Quezon City
Abstract: 
While agricultural insurance has long been considered a risk management tool for farmers in both developing and developed economies, policy directions toward sustainability vary across countries. Reviewing the literature provides a comprehensive view of relevant issues, such as objectives of the program, credit access by farmers, program costs, and premium subsidies provided by the national and local governments. This paper provides insights on how agricultural insurance programs from selected developed and developing economies were implemented. Learning from different country experiences, agricultural insurance is important yet costly to implement. Private insurance companies complement with the government-run insurance company to improve coverage rates. Targeting eligible beneficiaries is crucial in the success of a highly subsidized agricultural insurance, especially in developing economies.
Subjects: 
agricultural insurance
crop insurance
developed economies
developing economies
Document Type: 
Working Paper

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