In the face of seasonal climate variability, the smallholder farmers, particularly those in rural communities, are among the most adversely affected. As a way to address this, together with concern on low productivity, the Philippine government has been implementing a range of risk management...

Crop insurance is a risk management tool designed to even out agricultural risks and address the consequences of natural disasters to make losses more bearable, especially to the marginalized farmers. In the Philippines, the Philippine Crop Insurance Corporation (PCIC) implements and manages the...

The test on the presence of full insurance that is commonly employed does not take intoaccount that households also rely on buffer stocks to shield their consumption from incomeshocks. In this paper a test is developed that deals with this omission. It is shown that in thepresence of partial...

In 2005 the EU lowered the guaranteed minimum prices for crops in its Common Agricultural Policy and stopped market interventions. Consequently, prices started to fluctuate more intensively, and farmers' incomes are now subject to higher price volatility. A crop price insurance scheme could...

The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...

We estimate the general-equilibrium labor market effects of a large-scale randomized intervention in which we designed and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both cultivators and to agricultural wage laborers allows us to...

The Agricultural and Food Policy Center (AFPC) at Texas A&M University develops and maintains data to simulate 94 representative crop, dairy, and livestock operations in major production areas in 30 states. The chief purpose of this analysis is to project the economic viability of those farms by...

The situation of the poor who participate in the country's agricultural sector has been exacerbated by the increasingly prevalent natural calamities, pests, and other such unpredictable event. However, there are certain risk management tools that aid in lessening the farmers' financial burden...

Under the Aquino administration, premium subsidies on agricultural insurance have significantly increased, mostly due to the special programs being implemented by the Philippine Crop Insurance Corporation (PCIC). This paper attempts to describe the various fully subsidized agricultural insurance...