managing Agricultural Risk at the Country Level
Title | managing Agricultural Risk at the Country Level PDF eBook |
Author | Olivier Mahul |
Publisher | World Bank Publications |
Pages | 37 |
Release | 2007 |
Genre | Banks and Banking Reform |
ISBN |
Abstract: This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.
Managing Risk in Agriculture Policy Assessment and Design
Title | Managing Risk in Agriculture Policy Assessment and Design PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 257 |
Release | 2011-06-30 |
Genre | |
ISBN | 9264116141 |
This book examines the implications of risk management for policy in agriculture. Opening with a chapter on risk management principles and guidelines for policy design in agriculture, the book goes on to look at quantitative analysis of risk and then at policy in various countries.
Managing Agricultural Risk at the Country Level
Title | Managing Agricultural Risk at the Country Level PDF eBook |
Author | Olivier Mahul |
Publisher | |
Pages | |
Release | 2012 |
Genre | |
ISBN |
This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.
Income Risk Management in Agriculture
Title | Income Risk Management in Agriculture PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 147 |
Release | 2000-12-11 |
Genre | |
ISBN | 9264189580 |
These OECD workshop proceedings examine the various risk strategies used by farm households, in particular those attracting renewed interest such as diversification of income sources, vertical co-ordination, hedging on futures markets, insurance coverage and public safety-nets.
Managing Risk in Agriculture A Holistic Approach
Title | Managing Risk in Agriculture A Holistic Approach PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 172 |
Release | 2009-09-18 |
Genre | |
ISBN | 9264075313 |
This book examines the current magnitude and characteristics of risk-related policies in agriculture and what is known about the quantitative size of agricultural risks. It also looks at the on-farm, off-farm, and market instruments available to manage risk.
Managing Risk in Farming
Title | Managing Risk in Farming PDF eBook |
Author | |
Publisher | |
Pages | 136 |
Release | 1999 |
Genre | Agricultural diversification |
ISBN |
Managing Agricultural Risk at the Country Level
Title | Managing Agricultural Risk at the Country Level PDF eBook |
Author | Olivier Mahul |
Publisher | |
Pages | 37 |
Release | 2016 |
Genre | |
ISBN |
This paper describes the index-based livestock insurance program in Mongolia designed in the context of a World Bank lending operation with Government of Mongolia and implemented on a pilot basis in 2005. This program involves a combination of self-insurance by herders, market-based insurance, and social insurance. Herders retain small losses, larger losses are transferred to the private insurance industry, and extreme or catastrophic losses are transferred to the government using a public safety net program. A syndicate pooling arrangement protects participating insurance companies against excessive insured losses, with excess of loss reinsurance provided by the government. The fiscal exposure of Government of Mongolia toward the most extreme losses is protected with a contingent credit facility. The insurance program relies on a mortality rate index by species in each local region. The index provides strong incentives to individual herders to continue to manage their herds so as to minimize the impacts of major livestock mortality events; individual herders receive an insurance payout based on the local mortality, irrespective of their individual losses. This project offered the first opportunity to design and implement an agriculture insurance program using a country-wide agricultural risk management approach. During the first sales season, 7 percent of the herders in the three pilot regions purchased the insurance product.