Examining the effects of agricultural income insurance on farmers in Burkina Faso

Tiemtore, Abel

doi:10.1057/s41288-021-00212-y

Cited by 5 publications

(4 citation statements)

References 21 publications

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“…Index insurance is often promoted as a solution to many of the barriers that are thought to limit the supply of formal insurance coverage to smallholder farmers and livestock owners in developing countries [ 36 ]. Income insurance generates significant risk reduction at a lower cost than other programs such as index insurance or warrantage [ 37 ]. Most AI products are heavily subsidized by governments [ 38 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Agricultural Insurance and Agricultural Economic Growth: The Case of Zhejiang Province in China

Zeng

Wang

2022

IJERPH

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Based on the theories of welfare economics, this paper analyzed the mechanism of agricultural insurance (AI) affecting agricultural economic growth (AEG), theoretically, and carried out an empirical analysis by using the random effects model and thirteen years of panel data, which included the annual data of 11 cities in Zhejiang Province, China, from 2007 to 2019. The gross output value of agriculture, forestry, animal husbandry, and fishery (GOVA) of 11 cities in Zhejiang Province is selected as the explained variable, agricultural insurance premium income (AIPI) as an explanatory variable. We selected area of waterlogging removal (AWR), rural electricity consumption (REC), total power of agricultural machinery (TPAM), and crop-sown area (CSA) as control variables. The study shows that: (1) the AIPI has a significant positive impact on the growth of GOVA. When other conditions remain unchanged, a 1% increase in AIPI increases the GOVA by 0.166%, accordingly; (2) The control variables of REC, TPAM, and CSA are statistically significant for the growth of the GOVA. The elasticity coefficient of REC is 0.325, the elastic coefficient of the TPAM is 0.287, and the elasticity coefficient of CSA is −0.281.

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Section: Literature Reviewmentioning

confidence: 99%

Agricultural Insurance and Agricultural Economic Growth: The Case of Zhejiang Province in China

Zeng

Wang

2022

IJERPH

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“…Income risks in agriculture have attracted ever-increasing attention in recent years due to the increasing uncertain economic, environmental and political conditions in which farmers operate . A large body of research analyzed farm income volatility from a range of perspectives which include (1) government subsidy or direct payments programs (Benni et al, 2012;Severini et al, 2016;Castañeda-Vera and Garrido, 2017;Nitta et al, 2022), (2) financial support such as insurance (Enjolras et al, 2014;Tiemotore, 2021), mutual fund (Severini et al, 2019;Trestini and Chinchio, 2018) and Income Stabilization Tool (IST) (Trestini et al, 2017) and (3) agricultural diversity (Davis et al, 2012;Barnes et al, 2015;Harkness et al, 2021). Many of these studies have found that government subsidy and financial support can have positive impacts on farm income stability, while the impacts of agricultural diversity on income stability are more mixed.…”

Section: Introductionmentioning

confidence: 99%

Does cooperative membership stabilize farm income volatility? Evidence from the pig sector in China

Ji¹,

Zhuo²,

Deininger³

2023

CAER

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PurposeFarm income in the agricultural sector is susceptible to natural and market risks. A large body of literature has studied the effects of cooperative membership on household welfare, technical efficiency, productivity and production behavior, yet little has been known about the impact of cooperative membership on farm income volatility. This paper aims to fill this research gap by investigating the relationship between cooperative membership and farm income volatility of Chinese pig farmers and drawing policy implications.Design/methodology/approachThis paper examines the effect of cooperative membership on farm income volatility, using data from a two-round survey of pig farmers in China. The authors employ an endogenous switching regression model to address the selection bias issues associated with unobserved factors simultaneously affecting farmers' participation in agricultural cooperatives and income earning activities.FindingsUsing household panel from a two-round survey of 193 pig farmers in China, this analysis highlights two key findings: (1) agricultural cooperative membership has significant and positive effect on farm income stability and (2) the impact of cooperative membership on farm income stability varies with production scale.Originality/valueThis research makes two contributions to the literature. First, this study contributes to the scant literature exploring the relationship between agricultural cooperatives and farm income stability. Second, to the best of the authors' knowledge, this is the first study that explores such relationship in a livestock sector. The pig sector in China and around the developing world has been increasingly challenged by multifaceted risks (e.g. price fluctuations, epidemic diseases, environmental regulations), and understanding the role of agricultural cooperatives in farm income stability of pig farmers is of great practical and policy significance.

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“…China Agricultural Insurance was born in 2004, agricultural insurance is the insured (usually agricultural producer) to pay a certain amount of premiums to the insurer (usually the insurance company), the insurer within the period specified in the agricultural insurance to compensate for the loss of the subject matter of the insurance. China’s agricultural insurance is mainly divided into four categories: weather index insurance ( 2 ), yield insurance, price insurance and income insurance ( 3 ). As a risk management tool and resource allocation tool, the role of agricultural insurance in rural revitalization has attracted increasing attention.…”

Section: Introductionmentioning

confidence: 99%

Agricultural insurance and rural revitalization—an empirical analysis based on China’s provincial panel data

Zhou,

Liu,

Wan

et al. 2023

Front. Public Health

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Agricultural insurance is a kind of compensation insurance designed to provide protection for the economic losses caused by insured accidents suffered by agricultural producers in agricultural production. Rural revitalization refers to the strategy of improving the level of rural economic, social and cultural development and achieving coordinated and sustainable development of urban and rural development. Agricultural insurance can effectively diversify risks and reduce losses for agricultural producers, which plays an important role in stabilizing farmers’ income, helping rural economic development, and promoting rural revitalization. Based on the theoretical analysis of the mechanism of agricultural insurance on rural revitalization, this paper empirically studies the effect of agricultural insurance on rural revitalization by using panel data from various provinces in China from 2011 to 2020.1 In this paper, the TOPSIS entropy weight method, the system generalized method of moments (GMM) and the threshold model are used to calculate the actual development level of rural revitalization in each province of China, the promotion effect of agricultural insurance on the development level of rural revitalization and the promotion of rural revitalization in five dimensions, and whether there is a threshold effect of agricultural insurance on rural revitalization. The empirical results show that: (1) The level of rural revitalization in various provinces in China shows a dynamic trend of “overall slow rise, with obvious differences between provinces.” (2) Improving the development level of agricultural insurance can drive the improvement of China’s rural revitalization level, and every 1 unit increase in the development level of agricultural insurance will drive the level of China’s rural revitalization to increase by 0.1633 units. At the same time, the role of agricultural insurance on social etiquette and civility is not significant, and the role of the remaining four rural revitalization goals is significant. (3) Agricultural insurance has a significant effect on the level of rural revitalization in eastern provinces, but does not play a significant role in rural revitalization in central and western provinces. (4) The role of agricultural insurance on rural revitalization has a double threshold effect. Accordingly, this paper puts forward some suggestions for increasing the capital investment in agricultural insurance, innovating the new mode of agricultural insurance operation, promoting the in-depth development of agricultural insurance according to local conditions, and reasonably adjusting the capital investment of agricultural insurance. Finally, because the data used in this paper do not cover the entire process of rural revitalization and the research is mainly carried out from a macro perspective, there are still some shortcomings in this paper.

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Examining the effects of agricultural income insurance on farmers in Burkina Faso

Cited by 5 publications

References 21 publications

Agricultural Insurance and Agricultural Economic Growth: The Case of Zhejiang Province in China

Agricultural Insurance and Agricultural Economic Growth: The Case of Zhejiang Province in China

Does cooperative membership stabilize farm income volatility? Evidence from the pig sector in China

Agricultural insurance and rural revitalization—an empirical analysis based on China’s provincial panel data

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