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dc.contributorAw-Hassan, Aden A.en_US
dc.contributorBiradar, Chandrashekharen_US
dc.contributorNurbekov, Azizen_US
dc.creatorBobojonov, Ihtiyoren_US
dc.identifier.citationIhtiyor Bobojonov, Aden A. Aw-Hassan, Chandrashekhar Biradar, Aziz Nurbekov. (18/3/2015). Index-based insurance for income stabilization for smallholder farms in Central Asia. Paris, France.en_US
dc.description.abstractClimate change is one of the major challenges for agricultural producers worldwide. In Central Asian countries, climate-driven irrigation water variability is a major source of risk. Future projections indicate even further increase of production volatility in the region. Lack of financial mechanisms and high production risks are major challenges hindering investment into climate smart technologies. Agricultural insurance therefore could play an important role for reducing income volatility and create environment conducive to investment in the region. However, current premium rates in the region (e.g. Kazakhstan and Uzbekistan) are very high, associated with high operation and maintenance costs of the insurance companies. Insurance companies explain the high operation costs by sparse and remote location of fields and need for several visits during the vegetation period to reduce the moral hazard problem. Index-based insurance could help reducing the costs associated with field visits as well as challenges associated with information asymmetry. However, suitability of such insurance products is not tested in the region. This study analyses the suitability of several index-based insurance tools to reduce income volatility in Central Asia. Long-term yield records were available from five case study farms in different agroecological zones (AEZs) of Central Asia. Index taken from remote sensing (NDVI, climate data) and climate stations as well as irrigation water supply are used to design insurance products for wheat growers in Central Asia. Overall analysis show that remote sensing based index insurance could serve as an important measure to reduce income volatility and create favorable environment for investment in the region.en_US
dc.publisherThe French Agricultural Research Center for International Development (CIRAD)en_US
dc.sourceCLIMATE-SMART Agriculture 2015;en_US
dc.subjectindex baseden_US
dc.titleIndex-based insurance for income stabilization for smallholder farms in Central Asiaen_US
dc.typeConference Paperen_US
cg.creator.idAw-Hassan, Aden A.: 0000-0002-9236-4949en_US
cg.creator.idBiradar, Chandrashekhar: 0000-0002-9532-9452en_US
cg.subject.agrovocclimate change adaptationen_US
cg.subject.agrovocclimate change mitigationen_US
cg.subject.agrovocremote sensingen_US
cg.contributor.centerLeibniz Institute of Agricultural Development in Transition Economies - IAMOen_US
cg.contributor.centerInternational Center for Agricultural Research in the Dry Areas - ICARDAen_US
cg.contributor.crpCGIAR Research Program on Dryland Systems - DSen_US
cg.contributor.funderGovernment of Russian Federationen_US
cg.contributor.projectThe CGIAR collaborative research and capacity building project for the development of sustainable and resilient agricultural production systems in Central Asia under the conditions of changing climateen_US
cg.contributor.project-lead-instituteInternational Center for Agricultural Research in the Dry Areas - ICARDAen_US
cg.coverage.regionCentral Asiaen_US
dc.identifier.statusOpen accessen_US

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