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We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members, explain under-valuation of agricultural insurance....
Persistent link: https://www.econbiz.de/10011894385
This discussion paper considers insurance as a possible instrument of farm income stabilization and compares several crop insurance products with respect to their applicability in a transition economy using the case of Kazakhstan. The analysis is based on a qualitative evaluation as well a...
Persistent link: https://www.econbiz.de/10010299333
Risk plays an important role in agricultural decision-making, particularly in those regions that are remarkably exposed to natural hazards and underdeveloped input and output markets. This is especially true for crop production in CIS countries where many farms have to deal with low liquidity...
Persistent link: https://www.econbiz.de/10010299344
We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members, explain under-valuation of agricultural insurance....
Persistent link: https://www.econbiz.de/10011943900
leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …
Persistent link: https://www.econbiz.de/10010369068
leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …
Persistent link: https://www.econbiz.de/10010908078
The topic was chosen due to the fact that, although agricultural insurance is particularly needed in agriculture to … sector of the economy, agriculture, and puts forward an immediate viable solution that meets the current needs of farmers … agriculture, but it does not deal separately with the issue of agricultural insurance, despite its importance in the development …
Persistent link: https://www.econbiz.de/10009366231
strong, and insurance leads to significantly larger agricultural investment and riskier production choices in agriculture …
Persistent link: https://www.econbiz.de/10010610695
Risk plays an important role in agricultural decision-making, particularly in those regions that are remarkably exposed to natural hazards and underdeveloped input and output markets. This is especially true for crop production in CIS countries where many farms have to deal with low liquidity...
Persistent link: https://www.econbiz.de/10008526811
This discussion paper considers insurance as a possible instrument of farm income stabilization and compares several crop insurance products with respect to their applicability in a transition economy using the case of Kazakhstan. The analysis is based on a qualitative evaluation as well a...
Persistent link: https://www.econbiz.de/10008526832