Investigators at Indian Institute of Management Report Findings in Agricultural Insurance (Participation Dynamics In Multiple-peril Agricultural Insurance: Insights From India): Agriculture – Agricultural Insurance

2022 APR 11 (NewsRx) -- By a News Reporter-Staff News Editor at Food Daily News -- Current study results on Agriculture - Agricultural Insurance have been published. According to news reporting from Gujarat, India, by NewsRx journalists, research stated, “Multiple-peril agricultural insurance, although operational in many developing countries, evokes mixed responses among smallholder farmers. In this context, we analyse the farmer-specific characteristics that are most amenable for participation in India’s revamped federal agricultural insurance program.”

Financial support for this research came from Agro-Economic Research Scheme of the Ministry of Agricuture and Farmers Welfare, Government of India.

The news correspondents obtained a quote from the research from the Indian Institute of Management, “A sequential logit model is applied to a primary survey-based dataset of 1332 farmers in order to examine the factors influencing various transitions across categories. Age, female as gender and previous insurance experiences turn out to positively influence participation. Engagement in non-farm occupation and higher access to irrigation reduce the likelihood of participation. In the event that the insurance product is delinked from state supported farm credit, the more educated farmers want to move out while female farmers prefer to stay.”

According to the news reporters, the research concluded: “These results offer important policy insights amidst the persistent efforts to establish a selfsustaining market for agricultural insurance in developing countries.”

This research has been peer-reviewed.

For more information on this research see: Participation Dynamics In Multiple-peril Agricultural Insurance: Insights From India. International Journal of Disaster Risk Reduction, 2022;70. International Journal of Disaster Risk Reduction can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Journal of Disaster Risk Reduction - http://www.journals.elsevier.com/international-journal-of-disaster-risk-reduction/)

Our news journalists report that additional information may be obtained by contacting Ranjan Kumar Ghosh, Indian Institute of Management Ahmedabad Iima, Ctr Management Agr, Ahmadabad 380015, Gujarat, India. Additional authors for this research include Vikram Patil and Nikita Tank.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.ijdrr.2021.102781. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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