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Insurance of crops in developing countries

Year of publication 2005

Pages 94

Author R.A.J. Roberts;Fisheries and Aquaculture Management Division;Rural Infrastructure and Agro-Industries Division

Product type Book (stand-alone)

ISBN 9251052999

Series title FAO Agricultural Services Bulletin

Series number 10101365

Edition 1

Synopsis (short abstract) This publication is primarily concerned with risks to arable and horticultural crops, and the applicability of insurance to managing these risks. Its purpose is to provide an introductory overview of crop and forestry insurance. It begins by defining the boundaries for these types of insurance products in order to assist those interested in exploring and exploiting this financial mechanism. It then outlines how to proceed with planning for crop insurance within the established boundaries. While recognizing that classic, damage-based and yield-based insurance products account for the bulk of all crop insurance written globally, the booklet also points out the dynamism of research and development into new insurance mechanisms. It presents two fairly new insurance products: the first based on insuring a level of crop revenue, and the second where insurable damage is determined on the basis of an index derived from data external to the insured farm. While some of the example material is taken from agriculture and forestry in developed countries, the basic target group of readers is expected to be those concerned with crop and forest risk management in developing parts of the world. This publication will be of interest to farmer unions, producer/commodity groups, processors, marketing firms and others contracting with farmer producers, officials of Ministries of Agriculture, Planning and Commerce, and bankers and insurers with farming and forestry clients.

Language English

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    a prototype Malawi Maize Production Index (MMPI), constructed from weather data recorded by the Malawi Meteorological Office weather stations throughout the country, to capture maize production levels in Malawi. The aim is to find a simple and objective indicator that can be used as a proxy measure of the countrywide exposure of Malawi maize production to drought and hence serve as a nation-wide food security indicator on which an insurance agreement could be written for the Government of Malawi (GoM).
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    Development of a Weather Yield Index (WYX) for Maize Crop Insurance in Malawi 2006
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    The methodology has demonstrated the possibility of producing weather based maize yield index for Crop Insurance for any point in Malawi every ten days starting from planting time. Real-time pixel based maize yield indices covering the whole country with a resolution of 0.05 degrees latitude and longitude can be objectively produced. The methodology is repeatable by anybody who has access to basic weather data. The methodology uses gridded information that is not too sensitive to individual miss ing stations, provided sufficient data points are available and the interpolation process takes into account topography and climatic gradients. The methodology is temper-resistant, potential beneficiaries of the insurance are not in a position to directly or indirectly manipulate the yield index.
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    Book (stand-alone)
    Livestock and aquaculture insurance in developing countries 2007
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    Livestock and aquaculture insurance have received less attention than crop. insurance in risk management strategies being considered in recent years. This publication is intended as a contribution to redressing this imbalance. It briefly introduces the role of insurance as a risk management mechanism in livestock and aquaculture enterprises. It aims at setting the scene, and explores with the reader some of the complexities involved in this financial mechanism of risk sharing. In doing so, it d iscusses the applicability of insurance to managing those risks that are beyond the immediate control of the farm manager and that result in animal and fish mortality. As with crop insurance of livestock and aquaculture enterprises is considered to have application in rather particular situations where it can be demonstrated as being effective and viable. While some of the example material is taken from developed country livestock and aquaculture experience, the basic target group of readers is expected to be those concerned with these enterprises in developing parts of the world. The Bulletin may provide useful reading for members of farming and aquaculture associations, officials of Ministriel of Agriculture, Planning, Fisheries, Commerce and Health, and bankers and insurers with livestock and fish farming clients.
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