2018
DOI: 10.1016/j.heliyon.2018.e00799
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Resilience through risk management: cooperative insurance in small-holder aquaculture systems

Abstract: Aquaculture is a booming industry. It currently supplies almost half of all fish and shellfish eaten today, and it continues to grow faster than any other food production sector. But it is immature relative to terrestrial crop and livestock sectors, and as a consequence it lags behind in terms of the use of aquaculture specific financial risk management tools. In particular, the use of insurance instruments to manage weather related losses is little used. In the aquaculture industry there is a need for new ins… Show more

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Cited by 26 publications
(17 citation statements)
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“…Private sector pre-competitive collaborations; for example, SeaBOS 62 and the Global Salmon Initiative can help to stimulate production improvements at scale. Likewise, government-led initiatives helping small-holders improve their farming practices through, for example, access to high quality feeds, seed and broodstock, are crucial for closing the aquaculture performance gap [63][64][65] . Certification and improvement projects can help to reduce ecosystem impacts 66 , but have been criticized for passive exclusion of small-scale producers.…”
Section: Emissions and Biodiversity Riskmentioning
confidence: 99%
“…Private sector pre-competitive collaborations; for example, SeaBOS 62 and the Global Salmon Initiative can help to stimulate production improvements at scale. Likewise, government-led initiatives helping small-holders improve their farming practices through, for example, access to high quality feeds, seed and broodstock, are crucial for closing the aquaculture performance gap [63][64][65] . Certification and improvement projects can help to reduce ecosystem impacts 66 , but have been criticized for passive exclusion of small-scale producers.…”
Section: Emissions and Biodiversity Riskmentioning
confidence: 99%
“…Enabling insurance providers and cooperatives could here play important roles in alleviating risk and gaining access to credit and markets among smallholder aquaculture farmers. 117 Cooperatives may also improve the utilization of infrastructure, and thereby reduce overall environmental impacts. 118 Access to shared infrastructure, improved fry, cheaper feeds, and markets could be improved by upscaling production of a limited selection of species.…”
Section: Financial Toolsmentioning
confidence: 99%
“…Exponential growth of human population brought about a need to search for additional sources of animal protein and in many countries fish meat actually is main source of such protein [2,3]. Aquaculture is also an important source of income for millions of people [4]. Freshwater aquaculture is growing faster than mariculture and in 2016 freshwater fish comprised about 65 percent of total aquaculture production [1].…”
Section: Introductionmentioning
confidence: 99%
“…The effects of aquaculture facilities on environment depend among others on farming intensity. Aquaculture industry includes small size and low-input farms operated by individual farmers, comprising several ponds, as well as large, highly industrialized farms, requiring high input and operated sometimes by transnational corporations [4][5][6][7]. The intensity of fish production has both economical and ecological implications.…”
Section: Introductionmentioning
confidence: 99%