New approaches to crop yield insurance in developing countries

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dc.creatorSkees, Jerry
dc.creatorHazell, Peter B. R.
dc.creatorMiranda, Mario
dc.date1999
dc.date2024-11-21T09:54:51Z
dc.date2024-11-21T09:54:51Z
dc.date.accessioned2026-06-27T15:32:20Z
dc.descriptionNatural disasters can be extremely disruptive to farmers and to others whose incomes depend on a successful crop. Society can gain from more efficient sharing of crop and natural disaster risks. However, the costs associated with traditional agricultural risk programs have historically exceeded the gains from improved risk sharing. This paper explores government intervention in agricultural risk markets and discusses new approaches to risk sharing with limited government involvement. In particular, we build the case for introducing negotiable state-contingent contracts settled on area crop yield estimates or locally appropriate weather indices. These instruments could replace traditional crop insurance at a lower cost to government while meeting the risk management needs of a wider clientele.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/161315
dc.identifier.urihttp://hdl.handle.net/123456789/107234
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceSkees, Jerry; Hazell, P. B. R.; Miranda, Mario. 1999. New approaches to crop yield insurance in developing countries. EPTD Discussion Paper 55. https://hdl.handle.net/10568/161315
dc.subjectcrop yield
dc.subjectagricultural insurance
dc.subjectcrops
dc.subjectdeveloping countries
dc.titleNew approaches to crop yield insurance in developing countries
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)