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Financial Risk Management in Agriculture: Analyzing Data from a New Module of the Global Findex Database

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dc.contributor.authorKlapper, Leora
dc.contributor.authorAnsar, Saniya
dc.contributor.authorHess, Jake
dc.contributor.authorSinger, Dorothe
dc.date.accessioned2019-12-13T21:47:38Z
dc.date.available2019-12-13T21:47:38Z
dc.date.issued2019-12
dc.description.abstractThe ability to manage financial risk is especially important for people earning their living through agriculture. Many farmers only get paid once or twice a year, and households need to stretch their earnings across the year by saving or borrowing money. Moreover, agricultural production faces a variety of risks related to both production and markets because of their exposure to weather and disease shocks. Households engaged in agriculture may thus especially benefit from financial inclusion—access to and use of formal financial services. This paper explores the topic of financial risk management in agriculture—how adults who rely on growing crops or raising livestock as their household's main source of income manage financial risk and use financial services. The paper summarizes new data based on a nationally representative survey of about 15,000 adults in 15 lower-middle- and low-income Sub-Saharan African economies collected as part of the World Bank's Global Findex database. The majority of these adults reported suffering a bad harvest or significant livestock loss in the past five years, and most bear the entire financial risk of such a loss. Most adults in agricultural households lack the financial tools -- such as insurance, accounts, savings, and credit -- that could help them manage financial risks.en
dc.identifierhttp://documents.worldbank.org/curated/en/544071576074656430/Financial-Risk-Management-in-Agriculture-Analyzing-Data-from-a-New-Module-of-the-Global-Findex-Database
dc.identifier.doi10.1596/1813-9450-9078
dc.identifier.urihttps://hdl.handle.net/10986/33022
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9078
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL INCLUSION
dc.subjectAGRICULTURAL RISK
dc.subjectINSURANCE
dc.subjectHOUSEHOLD FINANCE
dc.titleFinancial Risk Management in Agricultureen
dc.title.subtitleAnalyzing Data from a New Module of the Global Findex Databaseen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFinancial Risk Management in Agriculture: Analyzing Data from a New Module of the Global Findex Database
okr.date.disclosure2019-12-11
okr.date.doiregistration2025-04-07T09:00:04.004467Z
okr.date.doiregistration2025-04-08T16:30:57.432762Z
okr.date.doiregistration2025-04-09T03:09:25.809197Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/544071576074656430/Financial-Risk-Management-in-Agriculture-Analyzing-Data-from-a-New-Module-of-the-Global-Findex-Database
okr.guid544071576074656430
okr.identifier.doi10.1596/1813-9450-9078
okr.identifier.externaldocumentum090224b0873ef8f4_1_0
okr.identifier.internaldocumentum31629043
okr.identifier.reportWPS9078
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/544071576074656430/pdf/Financial-Risk-Management-in-Agriculture-Analyzing-Data-from-a-New-Module-of-the-Global-Findex-Database.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.statistics.combined3149
okr.statistics.dr544071576074656430
okr.statistics.drstats2385
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Crops & Crop Management Systems
okr.topicAgriculture::Food Security
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.unitDevelopment Research Group, Development Economics
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