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Do you consider the crop (and livestock) insurance as an important security factor for farmers?
John Wick
In India, since last one decades farmer’s suicides increasing gradually, it’s main cause is that weather calamities creates problems in Agricultuaral production, marketing and processing.
It creates financial crisis in rural areas particularly in farming community. And this is a one of the reasons out of another factors responsible for farmers suicides
Livestock is the main assets or inputs in Agricultural business and hence insurance for Agricultural as well as livestock is a most important and useful factor to sustaining farming business as well as reducing Farmer’s depression.
It is urgent need to make national policy and implementation for rehabilitation after climatic uncertainties or weather disasters .
avery
Both yield risk and price risk are vital for a farmer. Many factors especially the climate change, limiting inputs/other resources, decreasing soil fertility contributes to the former…..while, faulty supply chain, marketing fluctuations, unwise logistics aggravate the later. Insurance both in crop production as well as in livestock enterprising is probably the best solution in this regard. It safeguards the risk factors and ensures the well being of the farmer, if handled with care and visionary wisdom.
andrew
Definitely insurance is really important for farmers. specially in nowadays climate situation which makes it hard to forecast weather. however, it helps farmers to reduce their farming risks and protect their found on field.