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Livestock mortality insurance: development and challenges

Author

Listed:
  • Milton Boyd
  • Jeffrey Pai
  • Lysa Porth

Abstract

Purpose - The purpose of this research is examine the development of livestock mortality insurance, and associated challenges, in order to provide an improved understanding regarding the operation of livestock mortality insurance. Design/methodology/approach - In a many countries, livestock mortality insurance has been either unavailable or underdeveloped. A descriptive analysis is provided regarding the background and development of livestock mortality insurance, along with an example. Findings - Livestock mortality insurance is considerably more complex than crop insurance, and some of the complexities of livestock mortality insurance include multi‐stage production, consequential losses, occasional large event losses, animal health management, moral hazard, and adverse selection. Originality/value - This study provides background and development information regarding livestock mortality insurance, and also highlights a number of important differences between livestock mortality insurance and crop insurance.

Suggested Citation

  • Milton Boyd & Jeffrey Pai & Lysa Porth, 2013. "Livestock mortality insurance: development and challenges," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 73(2), pages 233-244, July.
    • Handle: RePEc:eme:afrpps:v:73:y:2013:i:2:p:233-244
    DOI: 10.1108/AFR-04-2013-0019
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    Citations

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    Cited by:

    1. Rao, Xudong & Cai, Qingyin & Zhang, Yuehua, 2021. "Moral Hazard in Compulsory Insurance – Evidence from a Quasi-Experiment on Hog Insurance in China," 2021 Conference, August 17-31, 2021, Virtual 315356, International Association of Agricultural Economists.
    2. Rao, Xudong & Cai, Qingyin & Zhang, Yuehua, 2023. "Moral Hazard in Agricultural Insurance – Evidence from A Non-Voluntary Sow Insurance Program in China," 2023 Annual Meeting, July 23-25, Washington D.C. 335431, Agricultural and Applied Economics Association.
    3. Qingyin Cai & Yulian Ding & Calum Tuvey & Yuehua Zhang, 2021. "The influence of past experience on farmers’ preferences for hog insurance products: a natural experiment and choice experiment in China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(3), pages 399-421, July.

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