Download or read book Agricultural Risk Transfer written by Roman Marco Hohl and published by John Wiley & Sons. This book was released on 2019-03-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Download or read book Income Risk Management in Agriculture written by OECD and published by OECD Publishing. This book was released on 2000-12-11 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: These OECD workshop proceedings examine the various risk strategies used by farm households, in particular those attracting renewed interest such as diversification of income sources, vertical co-ordination, hedging on futures markets, insurance coverage and public safety-nets.
Download or read book Managing Agricultural Production Risk written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This document presents innovations in agricultural risk management for natural disaster risk, with the focus on defining practical roles for governments of developing countries and the World Bank in developing risk management strategies. The paper includes the following content: introduction; risk and risk management in agriculture, including informal and formal mechanisms; approaches to agricultural risk in developed countries; innovation in managing production risk - index insurance; new approaches to agricultural risk management in developing countries; from theory to practice: pilot projects for agricultural risk transfer in developing countries; and potential roles for governments and the World Bank.
Download or read book Introduction to Risk Management written by Alan E. Baquet and published by . This book was released on 1997 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Risks to Agriculture in West Africa written by World Bank and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling environments to understand their total sectoral impacts and to prioritize them. Prioritizing risks improves targeting of risk management measures so that scarce resources can be allocated where they have the most impact. It also helps identify how to align other agriculture, environment, and social protection policies to manage existing risks. These risks are usually identified and managed at national levels, and the three key types are production risks, market risks, and enabling environment risks. This report focuses on how West African countries can benefit from collaboration in managing agrifood system risks and on the resulting need to adapt a regional lens to the ARM framework. Since both crop-specific growing areas and the risks they face often span national borders, there are substantial advantages that can be gained by stronger collaboration. There is a need to build layered approaches to manage risk that combine risk-mitigating, risk-transfer, and risk-coping instruments. These risk management approaches are needed within countries, with regional approaches building on national efforts. This report provides a foundational analysis to begin identifying needed actions for West African countries and at regional levels.
Download or read book Farm Revenue Insurance written by James G. Vertrees and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Finance Review written by and published by . This book was released on 2008 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book managing Agricultural Risk at the Country Level written by Olivier Mahul and published by World Bank Publications. This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.
Download or read book Weather Index Insurance for Smallholder Farmers in Africa written by Ephias Makaudze and published by AFRICAN SUN MeDIA. This book was released on 2012-12-01 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÿThe international conference on ?Weather index insurance in Africa: lessons learnt and goals for the future? was organised by the Department of Economics, University of the Western Cape, in collaboration with its international partners. The conference attracted over 40 participants drawn from academic and research institutions, insurance practitioners, reinsurers, government policy makers, bankers, agricultural producers, and representatives of non-governmental organisations. The presenters highlighted experiences, challenges and opportunities based on current pilot projects on weather index insurance in many parts of Africa.
Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Download or read book Agricultural Risk Management written by Juvvadi Devi Prasad and published by . This book was released on 2015 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Management and Its Implications on Household Incomes written by Peron A. Collins-Sowah and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Jamaica written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report forms part of the technical assistance provided by the World Bank under the Non-lending Technical Assistance Program for the Caribbean 'market-based agriculture risk management in the Caribbean.' The program is largely financed by the European Union All Agriculture Commodities Program (AACP) Initiative and contributions from the International Fund for Agriculture Development (IFAD) and the World Bank. This document provides technical input for designing a national strategy for addressing the financial weather risks facing the agricultural sector of Jamaica. As such, it identifies the various options from current available financial risk transfer instruments for addressing crop weather risks for small farmers (livestock risks are not directly addressed in this report) and identifies the public investments needed for supporting market development of the agricultural insurance market. The report is structured in five sections to facilitate its presentation. The first two sections present a snapshot of the Jamaican economy and agricultural sector, and the current situation of agricultural insurance; third section addresses a set of key issues for designing a government strategy for agricultural financial weather risk management; fourth section contains the elements of public policy and investments to support market development for agricultural insurance, and various illustrations of how to structure financial weather risk management instruments for the sector. The report concludes with a short section containing final remarks and recommendations.
Download or read book Agricultural Risk Management written by Beverly Fleisher and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the many facets of risk and risk management that are instrumental in understanding today's agricultural sector and agricultural policy choices.
Download or read book Climate Variability and Agricultural Production in Argentina written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Research related to climate variability is particularly important in the current conditions faced by Argentine agriculture. These include (a) increased specialization in soybeans, with resulting reduced possibilities of risk-reduction though "portfolio" effects, (b) increased importance of agriculture in "non-traditional" areas, generally characterized by lower yields, higher yield variability and higher production and transport costs, (c) macroeconomic instability resulting in severe contraction and increased interest rates of credit and (d) upward trend in input use and per-acre production costs with consequent increase in break-even crop yields. This paper summarize recent research related to production variability in Argentine agriculture, as well as the consequences of this variability on efficiency and resource allocation and present an overview of strategies for coping with climate variability. We estimate possible benefits to agricultural producers of improved risk-transfer mechanisms. In particular, we obtain estimates of Willingness-to-Pay (WTP) of selected index-type insurance mechanisms for soybean and milk production and outline the requirements for the development of a risk-transfer market for agricultural producers.
Download or read book Managing Risk in Agriculture Policy Assessment and Design written by OECD and published by OECD Publishing. This book was released on 2011-06-30 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the implications of risk management for policy in agriculture. Opening with a chapter on risk management principles and guidelines for policy design in agriculture, the book goes on to look at quantitative analysis of risk and then at policy in various countries.
Download or read book Guyana written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the Agricultural Insurance pre-feasibility study is to identify the institutional, operational, technical and financial challenges for the development of agricultural risk transfer solutions and insurance for rice, fruit and vegetables, livestock, and the aquaculture sector in Guyana. The specific objectives of the study include: (i) to identify the production systems, constraints and risks faced by farmers in Guyana; (ii) to assess the institutional, operational and financial capacity in Guyana to manage an agricultural insurance scheme for the selected activities; (iii) to evaluate the availability of information and collect technical data and information needed for the development of an agricultural insurance scheme for the selected activities; (iv) to assess the potential interest of the possible stakeholders that might get involved in the development of an agricultural insurance scheme in Guyana. This report draws heavily on international experience. International experience on agricultural insurance is vast, as it is currently being implemented in more than 100 countries around the world. This study benefits from this experience, which has been tailored to the local economic and social context of Guyana.
