Enabling Productive but Asset-Poor Farmers to Succeed : A Risk Financing Framework

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dc.creatorGurenko, Eugene
dc.creatorMahul, Olivier
dc.date2013-08-01T19:23:23Z
dc.date2013-08-01T19:23:23Z
dc.date2004-02
dc.date.accessioned2026-07-01T01:20:11Z
dc.descriptionThis paper examines how market-based risk financing instruments could enable asset-poor but productive farmers exposed to production shocks to engage in riskier but higher-return agricultural activities. The financing of these exogenous shocks is addressed in a conceptual framework based on an optimal allocation of capital where the farm is viewed as a business unit. The approach allows for (1) testing the business viability of a specified crop by assessing the minimum business capital required to ensure the continuity of the business after the occurrence of an adverse production shock; and (2) designing an optimal risk financing program to finance the minimum capital requirements using a combination of instruments (insurance, savings, and borrowing). The authors provide numerical and graphical examples to illustrate the relevance of this financial approach to the specific issues of agricultural risk management.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/02/3916582/enabling-productive-asset-poor-farmers-succeed-risk-financing-framework
dc.identifierhttps://hdl.handle.net/10986/14743
dc.identifierhttps://doi.org/10.1596/1813-9450-3211
dc.identifier.urihttp://hdl.handle.net/123456789/417160
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relationPolicy Research Working Paper;No.3211
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectRISK MANAGEMENT
dc.subjectAGRICULTURAL INSURANCE
dc.subjectFARM INCOME
dc.subjectCROP INSURANCE
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL MANAGEMENT
dc.subjectPOVERTY
dc.subjectFARMERS
dc.subjectFOOD & AGRICULTURE ORGANISATION ACTUARIAL SCIENCE
dc.subjectADVERSE SELECTION
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectAGRICULTURAL BUSINESS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectANALYTICAL APPROACH
dc.subjectAVERAGE YIELDS
dc.subjectBANANAS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCATASTROPHE COVERAGE
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC RISKS
dc.subjectCDF
dc.subjectCOCOA
dc.subjectCOMMODITY
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCOVERAGE
dc.subjectCREDIT
dc.subjectCROP
dc.subjectCROP INSURANCE
dc.subjectCROP ROTATION
dc.subjectCROP YIELD
dc.subjectCROP YIELDS
dc.subjectCROPS
dc.subjectDEBT
dc.subjectDEFORESTATION
dc.subjectDISASTERS
dc.subjectECONOMIC CONSEQUENCES
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED RETURN
dc.subjectFAO
dc.subjectFARM
dc.subjectFARM INCOME
dc.subjectFARMER
dc.subjectFARMING
dc.subjectFARMS
dc.subjectFEASIBILITY STUDIES
dc.subjectFERTILIZERS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STRUCTURE
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectHERBICIDES
dc.subjectINCOME
dc.subjectINSURABILITY
dc.subjectINSURANCE
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURERS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARKET RISK
dc.subjectMORAL HAZARD
dc.subjectOPERATING LOSSES
dc.subjectPOLLUTION
dc.subjectPOOR FARMERS
dc.subjectPRICE RISK
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTIVITY
dc.subjectPROFIT MARGIN
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectREINSURANCE
dc.subjectRESERVES
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICIES
dc.subjectRISK TRANSFER
dc.subjectSAVINGS
dc.subjectSOCIAL SAFETY NETS
dc.subjectSYSTEMIC RISK
dc.subjectTRANSACTION COSTS
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.titleEnabling Productive but Asset-Poor Farmers to Succeed : A Risk Financing Framework

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