Risk Management Strategies for Farmers

Risk management is a critical aspect of modern farming, given the numerous uncertainties and challenges that agricultural producers face. Successful farmers employ a variety of strategies to mitigate risks and safeguard their livelihoods. These strategies encompass financial, operational, and technological approaches to ensure the sustainability of their agricultural businesses. Here, we’ll delve into various risk … Read more

Challenges in Agricultural Insurance

Trends in Agricultural Insurance: In summary, agricultural insurance faces numerous challenges, including data gaps, moral hazard, catastrophic events, pricing complexity, and regulatory hurdles. However, ongoing trends and innovations are shaping the future of agricultural insurance. Digitalization, parametric and index-based insurance, public-private partnerships, crop-specific products, and microinsurance are addressing these challenges and expanding coverage to more … Read more