LATEST PUBLICATIONS
PJD 2017 Vol. 44 No. 1d
Impact of Foreign Linkages on Innovation Activity of Manufacturing Firms in CALABARZON
PJD 2017 Vol. 44 No. 1c
Social Protection and Demand for Health Care among Children in the Philippines
PJD 2017 Vol. 44 No. 1b
Chronic Food Poverty and Weather Variability in the Philippines
PJD 2017 Vol. 44 No. 1a
Spatial Integration Analysis of the Regional Urea Fertilizer Markets in the Philippines
Publication Detail
DP 2017-02: Agricultural Insurance Program: Lessons from Different Country Experiences

While agricultural insurance has long been considered a risk management tool for farmers in both developing and developed economies, policy directions toward sustainability vary across countries. Reviewing the literature provides a comprehensive view of relevant issues, such as objectives of the program, credit access by farmers, program costs, and premium subsidies provided by the national and local governments. This paper provides insights on how agricultural insurance programs from selected developed and developing economies were implemented. Learning from different country experiences, agricultural insurance is important yet costly to implement. Private insurance companies complement with the government-run insurance company to improve coverage rates. Targeting eligible beneficiaries is crucial in the success of a highly subsidized agricultural insurance, especially in developing economies.

Philippine Institute for Development Studies
Authors Keywords
Reyes, Celia M.; Agbon, Adrian D.; Mina, Christian D.; Gloria, Reneli Ann B.; Philippines; crop insurance; agricultural insurance; developed economies; developing economies;
Download PDF Number of Downloads
Published in 2017 and available in the PIDS Library or can be downloaded as full text Downloaded 11,801 times since January 17, 2017