The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance

Theoretically, weather-index insurance is an effective risk reduction option for small-scale farmers in low income countries. Renewed policy and donor emphasis on bridging gender gaps in development also emphasizes the potential social safety net benefits that weather-index insurance could bring to...

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Detalles Bibliográficos
Autores: Akter, S., Krupnik, T.J., Rossi, F.J., Khanam, F.
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2016
País:México
Institución:Centro Internacional de Mejoramiento de Maíz y Trigo
Repositorio:Repositorio Institucional de Publicaciones Multimedia del CIMMYT
OAI Identifier:oai:repository.cimmyt.org:10883/17049
Acceso en línea:http://hdl.handle.net/10883/17049
Access Level:acceso abierto
Palabra clave:AGRICULTURAL SCIENCES AND BIOTECHNOLOGY
GENDER
FARMERS
WEATHER
CROPS
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spelling The influence of gender and product design on farmers’ preferences for weather-indexed crop insuranceAkter, S.Krupnik, T.J.Rossi, F.J.Khanam, F.AGRICULTURAL SCIENCES AND BIOTECHNOLOGYGENDERFARMERSWEATHERCROPSTheoretically, weather-index insurance is an effective risk reduction option for small-scale farmers in low income countries. Renewed policy and donor emphasis on bridging gender gaps in development also emphasizes the potential social safety net benefits that weather-index insurance could bring to women farmers who are disproportionately vulnerable to climate change risk and have low adaptive capacity. To date, no quantitative studies have experimentally explored weather-index insurance preferences through a gender lens, and little information exists regarding gender-specific preferences for (and constraints to) smallholder investment in agricultural weather-index insurance. This study responds to this gap, and advances the understanding of preference heterogeneity for weather-index insurance by analysing data collected from 433 male and female farmers living on a climate change vulnerable coastal island in Bangladesh, where an increasing number of farmers are adopting maize as a potentially remunerative, but high-risk cash crop. We implemented a choice experiment designed to investigate farmers’ valuations for, and trade-offs among, the key attributes of a hypothetical maize crop weather-index insurance program that offered different options for bundling insurance with financial saving mechanisms. Our results reveal significant insurance aVersion among female farmers, irrespective of the attributes of the insurance scheme. Heterogeneity in insurance choices could however not be explained by differences in men’s and women’s risk and time preferences, or agency in making agriculturally related decisions. Rather, gendered differences in farmers’ level of trust in insurance institutions and financial literacy were the key factors driving the heterogeneous preferences observed between men and women. Efforts to fulfill gender equity mandates in climate-smart agricultural development programs that rely on weather-index insurance as a risk-abatement tool are therefore likely to require a strengthening of institutional credibility, while coupling such interventions with financial literacy programs for female farmers.217-229Elsevier2016-07-06T16:46:44Z2016-07-06T16:46:44Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlePDFapplication/pdfhttp://hdl.handle.net/10883/1704910.1016/j.gloenvcha.2016.03.01038Global Environmental Changereponame:Repositorio Institucional de Publicaciones Multimedia del CIMMYTinstname:Centro Internacional de Mejoramiento de Maíz y Trigoinstacron:CIMMYTEnglishhttps://www.sciencedirect.com/science/article/pii/S0959378016300310?via%3Dihub#sec0095BANGLADESHAmsterdamCIMMYT manages Intellectual Assets as International Public Goods. The user is free to download, print, store and share this work. In case you want to translate or create any other derivative work and share or distribute such translation/derivative work, please contact CIMMYT-Knowledge-Center@cgiar.org indicating the work you want to use and the kind of use you intend; CIMMYT will contact you with the suitable license for that purpose.Open Accessinfo:eu-repo/semantics/openAccessoai:repository.cimmyt.org:10883/170492024-10-11T19:57:49Z
dc.title.none.fl_str_mv The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
title The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
spellingShingle The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
Akter, S.
AGRICULTURAL SCIENCES AND BIOTECHNOLOGY
GENDER
FARMERS
WEATHER
CROPS
title_short The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
title_full The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
title_fullStr The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
title_full_unstemmed The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
title_sort The influence of gender and product design on farmers’ preferences for weather-indexed crop insurance
dc.creator.none.fl_str_mv Akter, S.
Krupnik, T.J.
Rossi, F.J.
Khanam, F.
author Akter, S.
author_facet Akter, S.
Krupnik, T.J.
Rossi, F.J.
Khanam, F.
author_role author
author2 Krupnik, T.J.
Rossi, F.J.
Khanam, F.
author2_role author
author
author
dc.subject.none.fl_str_mv AGRICULTURAL SCIENCES AND BIOTECHNOLOGY
GENDER
FARMERS
WEATHER
CROPS
topic AGRICULTURAL SCIENCES AND BIOTECHNOLOGY
GENDER
FARMERS
WEATHER
CROPS
description Theoretically, weather-index insurance is an effective risk reduction option for small-scale farmers in low income countries. Renewed policy and donor emphasis on bridging gender gaps in development also emphasizes the potential social safety net benefits that weather-index insurance could bring to women farmers who are disproportionately vulnerable to climate change risk and have low adaptive capacity. To date, no quantitative studies have experimentally explored weather-index insurance preferences through a gender lens, and little information exists regarding gender-specific preferences for (and constraints to) smallholder investment in agricultural weather-index insurance. This study responds to this gap, and advances the understanding of preference heterogeneity for weather-index insurance by analysing data collected from 433 male and female farmers living on a climate change vulnerable coastal island in Bangladesh, where an increasing number of farmers are adopting maize as a potentially remunerative, but high-risk cash crop. We implemented a choice experiment designed to investigate farmers’ valuations for, and trade-offs among, the key attributes of a hypothetical maize crop weather-index insurance program that offered different options for bundling insurance with financial saving mechanisms. Our results reveal significant insurance aVersion among female farmers, irrespective of the attributes of the insurance scheme. Heterogeneity in insurance choices could however not be explained by differences in men’s and women’s risk and time preferences, or agency in making agriculturally related decisions. Rather, gendered differences in farmers’ level of trust in insurance institutions and financial literacy were the key factors driving the heterogeneous preferences observed between men and women. Efforts to fulfill gender equity mandates in climate-smart agricultural development programs that rely on weather-index insurance as a risk-abatement tool are therefore likely to require a strengthening of institutional credibility, while coupling such interventions with financial literacy programs for female farmers.
publishDate 2016
dc.date.none.fl_str_mv 2016-07-06T16:46:44Z
2016-07-06T16:46:44Z
2016
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10883/17049
10.1016/j.gloenvcha.2016.03.010
url http://hdl.handle.net/10883/17049
identifier_str_mv 10.1016/j.gloenvcha.2016.03.010
dc.language.none.fl_str_mv English
language_invalid_str_mv English
dc.relation.none.fl_str_mv https://www.sciencedirect.com/science/article/pii/S0959378016300310?via%3Dihub#sec0095
dc.rights.none.fl_str_mv Open Access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Open Access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv PDF
application/pdf
dc.coverage.none.fl_str_mv BANGLADESH
Amsterdam
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv 38
Global Environmental Change
reponame:Repositorio Institucional de Publicaciones Multimedia del CIMMYT
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