IDEAS home Printed from https://ideas.repec.org/a/ags/ijfaec/296760.html
   My bibliography  Save this article

Maize Farmer Perception And Participation In Crop And Rainfall Index-Based Insurance Program In Benin

Author

Listed:
  • Hountondji, Lionel Ricardo
  • Tovignan, Silvere D.
  • Kokoye, Senakpon E. H.
  • Chabi, Euloge

Abstract

Faced with the risk of climatic variability, crop and rainfall insurance becomes a necessary tool for farmers in Benin. The insurance has been recently introduced to help farmers mitigate climate risk. However, farmers are reluctant to its participation and adoption. With 155 randomly selected farmers in the district of Ouesse, this study investigates on determinants of participation in the crop and rainfall insurance program. The results of Poisson model and the hurdle model show that gender, the age combined with experience, the acreage of maize, the understanding of agricultural insurance, the education, the perception on agricultural insurance and the household income are the main drivers of the number of time farmers subscribed to the insurance. Producers should be made aware of the purpose of agricultural index-based insurance. In addition, financial support in form of discount should be provided to farmers with low income to get access to the agricultural insurance.

Suggested Citation

  • Hountondji, Lionel Ricardo & Tovignan, Silvere D. & Kokoye, Senakpon E. H. & Chabi, Euloge, 2019. "Maize Farmer Perception And Participation In Crop And Rainfall Index-Based Insurance Program In Benin," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 7(4), October.
    • Handle: RePEc:ags:ijfaec:296760
    DOI: 10.22004/ag.econ.296760
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/296760/files/vol7.no4.pp313.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.296760?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ijfaec:296760. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iiaaktr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.