Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 11, 2022 erstellt
Beschreibung:
The presence of myriad forms of risks has given noteworthy motivation to the development of a number of agricultural risk management tools and strategies. Crop insurance is recommended as a useful instrument for the farmers to manage the diverse croprelated risk while covering the pertinent losses. This study aims to investigate particularly the factors influencing farmers adoption of crop insurance as a risk management strategy in Bangladesh. This paper has investigated the results of a survey of 100 farmers. Ten explanatory variables have been chosen based on extensive literature and logit model have been employed to analyze the determinants. The analysis has revealed that variables including education, opportunity of extension education, awareness of crop insurance, perception of risk, risk experience, and monthly income positively influence farmers’ adoption of crop insurance. Whereas, variables such as farming experience, co-operative farming, and application of alternative risk management strategies has negative influence. This paper has also examined the importance and effectiveness of crop insurance in the context of Bangladesh. The findings are expected to guide the government of Bangladesh, insurance companies, and the policymakers in implementing crop insurance in Bangladesh