Dataset Information

Climate change skepticism and index versus standard crop insurance demand in coastal Bangladesh.

ABSTRACT: This paper investigates if climate change skepticism, farmers' fatalistic beliefs, and insurance plan design influence interest in crop weather insurance. While studies of the influence of fatalism on disaster preparedness are common, the ways in which fatalism influences climate change skepticism, and in turn affects farmers' interest in crop insurance, have not been previously investigated. An additional objective was to understand farmers' preferences for index versus standard insurance options, the former entailing damage compensation based on post-hazard assessment, the latter tying damage compensation to a set of weather parameter thresholds. A discrete choice experiment was conducted with maize farmers on a climate-risk prone island in coastal Bangladesh. Most farmers were insurance averse. Those who chose insurance were however significantly more likely to select standard as opposed to index-based insurance. Insurance demand was significantly and positively correlated with farmers' concern about the adverse livelihood impacts of climate change. Farmers who exhibited fatalistic views regarding the consequences of climate change were significantly less likely to opt for insurance of either kind. These findings imply that the prospect for farmers' investment in insurance is conditioned by their understanding of climate change risks and the utility of adaptation, in addition to insurance scheme design.

SUBMITTER: Akter S

PROVIDER: S-EPMC6988121 | biostudies-literature | 2017

REPOSITORIES: biostudies-literature

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Climate change skepticism and index versus standard crop insurance demand in coastal Bangladesh.

Akter Sonia S Krupnik Timothy J TJ Khanam Fahmida F

Regional environmental change 20170619

This paper investigates if climate change skepticism, farmers' fatalistic beliefs, and insurance plan design influence interest in crop weather insurance. While studies of the influence of fatalism on disaster preparedness are common, the ways in which fatalism influences climate change skepticism, and in turn affects farmers' interest in crop insurance, have not been previously investigated. An additional objective was to understand farmers' preferences for index versus standard insurance optio ...[more]

PMID: 32009850

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Project description:The climate change impacts of South Asia (SA) are inextricably linked with increased monsoon variability and a clearly deteriorating trend with more frequent deficit monsoons. One of the most climate-vulnerable nations in the eastern and central Indo-Gangetic Basin is Bangladesh. There have been numerous studies on the effects of climate change in Bangladesh; however, most of them tended to just look at a small fraction of the impact elements or were climatic projections without accounting for the effects on agriculture. Additionally, simulation studies using the CERES-Rice and CERES-Wheat models were conducted for rice and wheat to evaluate the effects of climate change on Bangladeshi agriculture. However, up to now, Bangladesh has not implemented farming system ideas by integrating cropping systems with other income-generating activities. This study was conducted as part of the Indo-Gangetic Basin (IGB) regional evaluations using the protocols and integrated assessment processes of the Agricultural Model Intercomparison and Improvement Project (AgMIP). It was also done to calibrate crop models (APSIM and DSSAT) using rice and wheat. To assist policymakers in creating national and regional plans for anticipated future agricultural systems, our work on the integrated evaluation of climate change impacts on agricultural systems produced realistic predictions. The outcome of this research prescribes a holistic assessment of climate change on future production systems by including all the relevant enterprises in the agriculture sector. The findings of the study suggested two major strategies to minimize the yield and increase the profitability in a rice-wheat cropping system. Using a short-term HYV (High Yielding Variety) of rice can shift the sowing time of wheat by 7 days in advance compared to the traditional sowing days of mid-November. In addition, increasing the irrigation amount by 50 mm for wheat showed a better yield by 1.5-32.2% in different scenarios. These climate change adaptation measures could increase the per capita income by as high as 3.6% on the farm level.

Dataset Information

Climate change skepticism and index versus standard crop insurance demand in coastal Bangladesh.

Publications

Climate change skepticism and index versus standard crop insurance demand in coastal Bangladesh.

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