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Weather indices for designing micro-insurance products for small-holder farmer in the tropics

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Title Weather indices for designing micro-insurance products for small-holder farmer in the tropics
 
Creator Díaz Nieto, Jacqueline
Fisher, Myles J.
Cook, Simon E.
Läderach, Peter
Lundy, Mark M.
 
Subject agriculture
climate
drought
policies
 
Description Agriculture is inherently risky. Drought is a particularly troublesome hazard that has a documented adverse impact on agricultural development. A long history of decision-support tools have been developed to try and help farmers or policy makers manage risk. We offer site-specific drought insurance methodology as a significant addition to this process. Drought insurance works by encapsulating the best available scientific estimate of drought probability and severity at a site within a single number- the insurance premium, which is offered by insurers to insurable parties in a transparent risk-sharing agreement. The proposed method is demonstrated in a case study for dry beans in Nicaragua.
 
Date 2012-06-21
2014-02-19T07:59:24Z
2014-02-19T07:59:24Z
 
Type Journal Article
 
Identifier Díaz Nieto J, Fisher M, Cook SE, Läderach P, Lundy M. 2012. Weather indices for designing micro-insurance products for small-holder farmer in the tropics. PLoS One 7(6): e38281.
1932-6203
https://hdl.handle.net/10568/34954
https://doi.org/10.1371/journal.pone.0038281
 
Language en
 
Rights CC-BY-4.0
Open Access
 
Publisher Public Library of Science
 
Source PLOS ONE