Crop insurance as a strategy for agricultural development
1983
Kramer, R.A.
Extract: The objectives of this paper are to review the operation and performance of existing crop insurance programmes in selected developed and developing countries, and to present a procedure for evaluating the attractiveness to farmers of such programmes. The second objective will be accomplished by demonstrating the ease with which some recent developments in decision theory can be applied to micro level policy analysis. By constructing a normative risk model with modest data requirements, policy analysts can evaluate the effects of changes in programme parameters on the incentives to purchase crop insurance.
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