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agricultural damages, respectively, based on estimates by the Department of Agriculture. Given that a third of the country …'s workforce depend on the agriculture sector, it is crucial that efforts are undertaken towards mitigation of the effects of these …
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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....
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