Journal of Agricultural Science and Technology
Journal of Agricultural Science and Technology
JAST
Agriculture
http://jast.modares.ac.ir
1
admin
1680-7073
2345-3737
10.22034/jast
en
jalali
1394
12
1
gregorian
2016
3
1
18
2
online
1
fulltext
en
Pricing of Rainfall Index Insurance for Rice and Wheat in Nepal
The adverse effect of climate change on agriculture has increased the importance of weather index insurance, particularly in developing countries. By using several econometric models, this study estimated the price and evaluated its effectiveness in rainfall index insurance for rice and wheat in Nepal. Crop yields associated with seasonal rainfall in three crop reporting districts were applied for actuarial estimation. The primary findings suggest that well designed weather index insurance is helpful to reduce the yield risk and stabilize farm income for rice, but results vary across crops and districts. The study results imply that rainfall index insurance is a promising insurance product, particularly for rice. Implementation of rainfall index insurance could increase the investment in cereal production in Nepal.
rainfall index insurance,premium rate,risk reduction,certainty equivalent revenues,Nepal
291
302
http://jast.modares.ac.ir/browse.php?a_code=A-23-1000-4461&slc_lang=en&sid=23
M. P.
Poudel
M. P.
Poudel
100319475328460061376
100319475328460061376
Yes
Government of Nepal, Ministry of Agricultural Development, Department of Agriculture, Harihar Bhawan, Lalitpur, Nepal.
Government of Nepal, Ministry of Agricultural Development, Department of Agriculture, Harihar Bhawan, Lalitpur, Nepal.
S. E.
Chen
S. E.
Chen
100319475328460061375
100319475328460061375
No
Department of Agribusiness Management, National Pingtung University of Science and Technology 1, Shuefu Road, Neipu, Pingtung 912, R.O.C., Taiwan.
Department of Agribusiness Management, National Pingtung University of Science and Technology 1, Shuefu Road, Neipu, Pingtung 912, R.O.C., Taiwan.
W. C.
Huang
W. C.
Huang
100319475328460061374
100319475328460061374
No
Department of Agribusiness Management, National Pingtung University of Science and Technology 1, Shuefu Road, Neipu, Pingtung 912, R.O.C., Taiwan.
Department of Agribusiness Management, National Pingtung University of Science and Technology 1, Shuefu Road, Neipu, Pingtung 912, R.O.C., Taiwan.