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Index-based weather insurance for perennial crops: A case study on insurance supply and demand for cocoa farmers in Ghana

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  • Afriyie-Kraft, Lydia
  • Zabel, Astrid
  • Damnyag, Lawrence

Abstract

Adaptation to climate change is crucial for many farming households around the world. Due to path dependencies, perennial crop farmers often face a confined set of adaptation options. This paper explores the potential for index-based weather insurance for cocoa as an example of a perennial crop. The paper presents empirical findings on determinants of interest in index insurance based on a sample of 313 cocoa farming households in Ghana. Further, results of key informant interviews with representatives relevant for the planning and implementation of index insurance are presented.

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  • Afriyie-Kraft, Lydia & Zabel, Astrid & Damnyag, Lawrence, 2020. "Index-based weather insurance for perennial crops: A case study on insurance supply and demand for cocoa farmers in Ghana," World Development Perspectives, Elsevier, vol. 20(C).
    • Handle: RePEc:eee:wodepe:v:20:y:2020:i:c:s2452292920300576
    DOI: 10.1016/j.wdp.2020.100237
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    Cited by:

    1. Lyu Yarong & Chen Minpeng, 2021. "Farmers' perception on combined climatic and market risks and their adaptive behaviors: a case in Shandong Province of China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(9), pages 13042-13061, September.
    2. Rajeev, Meenakshi & Nagendran, Pranav, 2023. "Protecting land and livelihood under climate risks: What hinders crop insurance adoption?," Land Use Policy, Elsevier, vol. 131(C).

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