Publication:
When and How Should Agricultural Insurance Be Subsidized?: Issues and Good Practices

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dc.contributor.authorHazell, Peter
dc.contributor.authorSberro-Kessler, Rachel
dc.contributor.authorVarangis, Panos
dc.date.accessioned2019-03-26T18:29:30Z
dc.date.available2019-03-26T18:29:30Z
dc.date.issued2017
dc.description.abstractAgricultural insurance, defined here to include crop and livestock insurance, is an instrument of choice in many countries for helping farmers and rural communities cope with risk. This paper explores the reasons why governments and donors subsidize agricultural insurance, and asks: (a) is this a worthwhile way to spend public money, and (b) if insurance must be subsidized are there smarter ways of doing it that can achieve the same objectives, but at lower cost, and which avoid some of the economic and institutional pitfalls that have plagued subsidized agricultural insurance in the past. The paper is structured as follows: section one gives introduction. Section two reviews existing types and levels of subsidies for agricultural insurance, both globally and for the developing world. Section three reviews the various arguments that have been offered for subsidizing agricultural insurance, while section four discusses some of the key challenges that have arisen when insurance subsidies are poorly designed. Section five seeks to balance the benefits and costs of subsidized agricultural insurance, and asks whether this has proven to be a worthwhile way of spending public funds. Section six presents a set of guiding principles and best practices to be used in their design and implementation. Finally, section seven concludes.en
dc.identifierhttp://documents.worldbank.org/curated/en/330501498850168402/When-and-how-should-agricultural-insurance-be-subsidized-issues-and-good-practices
dc.identifier.doi10.1596/31438
dc.identifier.urihttps://hdl.handle.net/10986/31438
dc.languageEnglish
dc.publisherInternational Labour Organization and the International Finance Corporation
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation and International Labour Organization
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectAGRICULTURAL INSURANCE
dc.subjectSUBSIDIES
dc.subjectACCESS TO FINANCE
dc.subjectDISASTER ASSISTANCE
dc.subjectCROP RISK MANAGEMENT
dc.subjectNATURAL DISASTERS
dc.subjectGLOBAL INDEX INSURANCE FACILITY
dc.subjectIMPACT INSURANCE FACILITY
dc.titleWhen and How Should Agricultural Insurance Be Subsidized?en
dc.title.subtitleIssues and Good Practicesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleWhen and How Should Agricultural Insurance Be Subsidized?
okr.date.disclosure2017-07-12
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/330501498850168402/When-and-how-should-agricultural-insurance-be-subsidized-issues-and-good-practices
okr.guid330501498850168402
okr.identifier.doi10.1596/31438
okr.identifier.externaldocumentum090224b086af0141_3_0
okr.identifier.internaldocumentum27722387
okr.identifier.report117363
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/330501498850168402/pdf/117363-REVISED-PUBLIC-WhenAndHowShouldAgriculturalInsuranceBeSubsidizedPaperFinal.pdfen
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Commodity Risk Management
okr.topicEnvironment::Natural Disasters
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
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