Abstract:

The research is conducted across diverse geographical and socio-economic contexts, involving a range of food crop farmers. By comparing farmers who have adopted agricultural insurance with those who rely solely on traditional risk management practices, the study aims to assess the effectiveness of insurance in enhancing risk mitigation and resilience. Factors such as farmer demographics, access to information, trust in insurance providers, and perceptions of risk are explored to uncover nuances in insurance adoption behaviors. The findings contribute to a nuanced understanding of the complex relationship between agricultural insurance and risk management strategies. Insights from the study offer practical implications for policymakers, insurance providers, and agricultural extension services. It highlights the importance of addressing information asymmetry, building trust, and tailoring insurance offerings to align with farmers' needs and preferences. Ultimately, this comparative research provides valuable insights into the potential of agricultural insurance as a complementary tool for enhancing risk management among food crop farmers. By bridging the gap between theoretical perspectives and empirical observations, the study offers a foundation for informed decision-making to bolster the resilience and livelihoods of farmers facing the uncertainties of agricultural production

Description:

Agricultural Insurance, Risk Management, Farmers’ Perceptive, agricultural production, decision-making