EXPLAINING THE PERCEPTION OF SMALLHOLDERS TOWARDS WEATHER INDEX MICRO-INSURANCE ALONGSIDE RISKS AND COPING STRATEGIES

Hezron Nyarindo Isaboke, Zhang Qiao, Wilckyster Nyateko Nyarindo and Wang Ke

International Journal of Food and Agricultural Economics (IJFAEC), 2016, vol. 04, issue 4, 19

Abstract: Many studies associate smallholders with negative attitudes towards weather index-based micro-insurance. This article analyses the perceptions of small-scale maize producers towards weather index insurance amid common risks and coping strategies. Findings do not strongly suggest a negative attitude towards weather index insurance among smallholders thus controverting hitherto studies. Rather, the study postulates that other risks facing smallholders and their risk responses disposition may distort and override farmers’ attitude towards weather index insurance. Further, results of the Ordered Probit model revealed that Sex of the household head, size of the household, if a farmer experienced crop loss in the previous farming seasons, off-farm income, if a farmer received compensation, the level of education of the household head, if the household head accessed Credit and group membership had a significant influence on the perception of the smallholders towards the index-based micro insurance scheme.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Consumer/Household Economics; Food Security and Poverty; Political Economy; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:251819

DOI: 10.22004/ag.econ.251819

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