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Innovations in Government Responses to Catastrophic Risk Sharing for Agriculture in Developing Countries

Jerry R. Skees, Barry J. Barnett, Jason G. Hartell, Skees, Jerry R., Barnett, Barry J., Hartell, Jason G. · 2006 · AgEcon Search (University of Minnesota, USA)

Summary. Agricultural risk markets barely exist in developing countries, and even wealthy nations require heavy government subsidies to support crop insurance against natural disasters. These subsidies prove expensive and inefficient, sometimes worsening future catastrophes. The paper examines how governments with limited budgets can still foster agricultural risk-sharing markets for crop and livestock losses caused by natural hazards, identifying specific policy interventions that work without massive subsidies.

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Skees, J. R., Barnett, B. J., Hartell, J. G., R., S. J., J., B. B., & G., H. J.. (2006). Innovations in Government Responses to Catastrophic Risk Sharing for Agriculture in Developing Countries. AgEcon Search (University of Minnesota, USA). https://doi.org/10.22004/ag.econ.25548

Details

DOI
10.22004/ag.econ.25548
Countries
United States
Regions
North America
Categories
agtech, policy, climate-and-environment
Added
2026-04-28