Bundled crop insurance products

Photo by Deepak Kumar on Unsplash
This solution was shared by PRE-LAUNCH RESEARCH TEAM
14 May 2021

Description of the innovative solution

Collaboration Community building Finance Sharing economy Women empowerment

A barrier for increased vegetable production is that farmers, particularly small farmers, may have to give up staple food space if they want to change to vegetable production. This risk is increasing with climate change. Mechanisms to protect the livelihoods of smallholder farmers are necessary to assist in producing more vegetables and diversity beyond staple crops. This innovation includes crop insurance products and subsidies as mechanisms to assist in establishing vegetable production. The insurance would come bundled with the seeds, and would reimburse farmers should disease spread. The...

A barrier for increased vegetable production is that farmers, particularly small farmers, may have to give up staple food space if they want to change to vegetable production. This risk is increasing with climate change. Mechanisms to protect the livelihoods of smallholder farmers are necessary to assist in producing more vegetables and diversity beyond staple crops. This innovation includes crop insurance products and subsidies as mechanisms to assist in establishing vegetable production. The insurance would come bundled with the seeds, and would reimburse farmers should disease spread. The payouts could be financial as well as in high quality seeds, irrigation or other assistance to help re-establish production.

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Best practices for subsidizing agirucultral insurance
Scientific paper
Highlights the importance of agricultural insurance while also examining some of the pitfalls and main concerns that governments should have when designing such policies.
Shared by PRE-LAUNCH RESEARCH TEAM

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