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Insurance of Crops in Developing Countries

Published by:
Online Location
https://books.google.ca/books?hl=en&lr=&id=LEB5yhuD7SsC&oi=fnd&pg=PA9&dq=Insurance+of+Crops+in+Developing+Countries&ots=X9WywQDQa_&sig=_SemKxFebvvW-5v-g10VXva_evE&redir_esc=y#v=onepage&q=Insurance%20of%20Crops%20in%20Developing%20Countries&f=false
Publication date
15/04/2005
Number of Pages
86
Language:
English
Type of Publication:
Books
Focus Region:
Global
Focus Topic:
Market / Trade
Type of Risk:
Market-related
Type of Risk Managment Option:
Risk reduction/mitigation
Commodity:
Crops
Author
R.A.J. Roberts
Organization
Food and Agriculture Organization of the United Nations (FAO)

The applicability of insurance in any given situation is based on consideration of whether it is a cost-effective means of addressing a given risk. The paper highlights that agricultural insurance is nevertheless a growing business driven by increasing commercialization of agriculture, international trade, and foreign direct investment, and the development of new insurance products. The purpose of this book is to provide an introductory overview of crop and forestry insurance. In doing so it opens by defining the boundaries for these types of insurance products. The setting of boundaries is very deliberate. It is intended to assist those interested in exploring and exploiting this financial mechanism to do so in a realistic and satisfactory manner. Secondly, this booklet sets out how to proceed with planning for crop insurance, within the established boundaries.

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