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Index-based weather insurance for perennial crops: A case study on insurance supply and demand for cocoa farmers in Ghana

Lydia Afriyie-Kraft, Astrid Zabel and Lawrence Damnyag

World Development Perspectives, 2020, vol. 20, issue C

Abstract: Adaptation to climate change is crucial for many farming households around the world. Due to path dependencies, perennial crop farmers often face a confined set of adaptation options. This paper explores the potential for index-based weather insurance for cocoa as an example of a perennial crop. The paper presents empirical findings on determinants of interest in index insurance based on a sample of 313 cocoa farming households in Ghana. Further, results of key informant interviews with representatives relevant for the planning and implementation of index insurance are presented.

Keywords: Index insurance; Perennial crops; Cocoa farmers; Climate change; Ghana (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.wdp.2020.100237

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