Crop Insurance in Karnataka

The authors examine the performance of the crop insurance scheme in Karnataka, a southern state of India and the second driest state in the country. Their analysis highlights weaknesses in product design, implementation challenges, and operational problems. The authors' finding is that the crop...

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Main Authors:	Kalavakonda, Vijay, Mahul, Olivier
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE SELECTION AGRICULTURAL INSURANCE AGRICULTURAL LABORERS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY ARABLE LAND BASIS RISK CASH CROPS CATASTROPHIC LOSSES CEREALS COFFEE COMMERCIAL BANKS COMMERCIAL CROPS COMMERCIALIZATION COMMODITY CONTINGENT LIABILITY CONTRACTUAL SAVINGS COTTON COVERAGE CROP CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE SCHEME CROP LOSSES CROP PRODUCTION CROP YIELD CROP YIELDS CROPPING CROPPING PATTERNS CROPS CULTIVATION CYCLONES DATES DECLARATIONS DEFICITS DISASTER INSURANCE DISASTER RELIEF DISASTERS DIVERSIFIED CROPPING DROUGHTS EARTHQUAKES ECONOMIC CHANGE EFFECTIVE USE EFFECTS OF DROUGHT EMPLOYMENT EXCHANGE RATE EXPENDITURES FARM FARM ACTIVITIES FARM HOUSEHOLDS FARM INCOME FARM INCOMES FARM PRODUCE FARMER FARMERS FARMING FARMS FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FLOODS FOOD CROPS FOOD GRAINS FRUITS GRAIN GRAIN CROPS HARVESTING HORTICULTURAL CROPS HORTICULTURE INDEMNITY INFLATION INSURANCE INSURANCE BENEFITS INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PREMIUM RATES INSURANCE SYSTEM JUTE LABOR FORCE LAND DEVELOPMENT LANDLESS LABORERS LANDSLIDES LIBERALIZATION LOSS RATIO MARGINAL FARMERS MIGRATION MITIGATION MORAL HAZARD NATURAL DISASTERS OILSEEDS PLANTING POOR FARMERS POOR HOUSEHOLDS POVERTY ALLEVIATION PRECIPITATION PREMIUMS PRODUCE PROGRAMS PUBLIC POLICY PULSES RAINFED AREAS RATES REINSURANCE REINSURERS RELIEF RESERVE BANK OF INDIA RICE RISK RISK EXPOSURE RISK MANAGEMENT RISK SHARING SAFETY SMALL FARMERS SOWING SUGARCANE TEA TURF WAGES WHEAT
Online Access:	http://documents.worldbank.org/curated/en/2005/07/6043337/crop-insurance-karnataka http://hdl.handle.net/10986/8216

id	okr-10986-8216
recordtype	oai_dc
spelling	okr-10986-82162021-04-23T14:02:43Z Crop Insurance in Karnataka Kalavakonda, Vijay Mahul, Olivier ADVERSE SELECTION AGRICULTURAL INSURANCE AGRICULTURAL LABORERS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY ARABLE LAND BASIS RISK CASH CROPS CATASTROPHIC LOSSES CEREALS COFFEE COMMERCIAL BANKS COMMERCIAL CROPS COMMERCIALIZATION COMMODITY CONTINGENT LIABILITY CONTRACTUAL SAVINGS COTTON COVERAGE CROP CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE SCHEME CROP LOSSES CROP PRODUCTION CROP YIELD CROP YIELDS CROPPING CROPPING PATTERNS CROPS CULTIVATION CYCLONES DATES DECLARATIONS DEFICITS DISASTER INSURANCE DISASTER RELIEF DISASTERS DIVERSIFIED CROPPING DROUGHTS EARTHQUAKES ECONOMIC CHANGE EFFECTIVE USE EFFECTS OF DROUGHT EMPLOYMENT EXCHANGE RATE EXPENDITURES FARM FARM ACTIVITIES FARM HOUSEHOLDS FARM INCOME FARM INCOMES FARM PRODUCE FARMER FARMERS FARMING FARMS FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FLOODS FOOD CROPS FOOD GRAINS FRUITS GRAIN GRAIN CROPS HARVESTING HORTICULTURAL CROPS HORTICULTURE INDEMNITY INFLATION INSURANCE INSURANCE BENEFITS INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PREMIUM RATES INSURANCE SYSTEM JUTE LABOR FORCE LAND DEVELOPMENT LANDLESS LABORERS LANDSLIDES LIBERALIZATION LOSS RATIO MARGINAL FARMERS MIGRATION MITIGATION MORAL HAZARD NATURAL DISASTERS OILSEEDS PLANTING POOR FARMERS POOR HOUSEHOLDS POVERTY ALLEVIATION PRECIPITATION PREMIUMS PRODUCE PROGRAMS PUBLIC POLICY PULSES RAINFED AREAS RATES REINSURANCE REINSURERS RELIEF RESERVE BANK OF INDIA RICE RISK RISK EXPOSURE RISK MANAGEMENT RISK SHARING SAFETY SMALL FARMERS SOWING SUGARCANE TEA TURF WAGES WHEAT The authors examine the performance of the crop insurance scheme in Karnataka, a southern state of India and the second driest state in the country. Their analysis highlights weaknesses in product design, implementation challenges, and operational problems. The authors' finding is that the crop insurance scheme in its current form does not achieve its objectives, either explicit (risk management) or implicit (safety net and containment of both the central and state governments' contingent liability). The crop insurance scheme performs poorly both in terms of coverage (number of hectares insured and number of farmers purchasing insurance) and financial performance. The authors provide a framework for designing a crop insurance scheme based on the premise that insurance is a cost effective risk management techniques. They also provide some new ideas and thinking toward both improving the existing crop insurance scheme and exploring alternatives to the current product, based on an area-yield approach. 2012-06-15T21:06:31Z 2012-06-15T21:06:31Z 2005-07 http://documents.worldbank.org/curated/en/2005/07/6043337/crop-insurance-karnataka http://hdl.handle.net/10986/8216 English Policy Research Working Paper; No. 3654 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVERSE SELECTION AGRICULTURAL INSURANCE AGRICULTURAL LABORERS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY ARABLE LAND BASIS RISK CASH CROPS CATASTROPHIC LOSSES CEREALS COFFEE COMMERCIAL BANKS COMMERCIAL CROPS COMMERCIALIZATION COMMODITY CONTINGENT LIABILITY CONTRACTUAL SAVINGS COTTON COVERAGE CROP CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE SCHEME CROP LOSSES CROP PRODUCTION CROP YIELD CROP YIELDS CROPPING CROPPING PATTERNS CROPS CULTIVATION CYCLONES DATES DECLARATIONS DEFICITS DISASTER INSURANCE DISASTER RELIEF DISASTERS DIVERSIFIED CROPPING DROUGHTS EARTHQUAKES ECONOMIC CHANGE EFFECTIVE USE EFFECTS OF DROUGHT EMPLOYMENT EXCHANGE RATE EXPENDITURES FARM FARM ACTIVITIES FARM HOUSEHOLDS FARM INCOME FARM INCOMES FARM PRODUCE FARMER FARMERS FARMING FARMS FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FLOODS FOOD CROPS FOOD GRAINS FRUITS GRAIN GRAIN CROPS HARVESTING HORTICULTURAL CROPS HORTICULTURE INDEMNITY INFLATION INSURANCE INSURANCE BENEFITS INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PREMIUM RATES INSURANCE SYSTEM JUTE LABOR FORCE LAND DEVELOPMENT LANDLESS LABORERS LANDSLIDES LIBERALIZATION LOSS RATIO MARGINAL FARMERS MIGRATION MITIGATION MORAL HAZARD NATURAL DISASTERS OILSEEDS PLANTING POOR FARMERS POOR HOUSEHOLDS POVERTY ALLEVIATION PRECIPITATION PREMIUMS PRODUCE PROGRAMS PUBLIC POLICY PULSES RAINFED AREAS RATES REINSURANCE REINSURERS RELIEF RESERVE BANK OF INDIA RICE RISK RISK EXPOSURE RISK MANAGEMENT RISK SHARING SAFETY SMALL FARMERS SOWING SUGARCANE TEA TURF WAGES WHEAT
spellingShingle	ADVERSE SELECTION AGRICULTURAL INSURANCE AGRICULTURAL LABORERS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY ARABLE LAND BASIS RISK CASH CROPS CATASTROPHIC LOSSES CEREALS COFFEE COMMERCIAL BANKS COMMERCIAL CROPS COMMERCIALIZATION COMMODITY CONTINGENT LIABILITY CONTRACTUAL SAVINGS COTTON COVERAGE CROP CROP DIVERSIFICATION CROP INSURANCE CROP INSURANCE SCHEME CROP LOSSES CROP PRODUCTION CROP YIELD CROP YIELDS CROPPING CROPPING PATTERNS CROPS CULTIVATION CYCLONES DATES DECLARATIONS DEFICITS DISASTER INSURANCE DISASTER RELIEF DISASTERS DIVERSIFIED CROPPING DROUGHTS EARTHQUAKES ECONOMIC CHANGE EFFECTIVE USE EFFECTS OF DROUGHT EMPLOYMENT EXCHANGE RATE EXPENDITURES FARM FARM ACTIVITIES FARM HOUSEHOLDS FARM INCOME FARM INCOMES FARM PRODUCE FARMER FARMERS FARMING FARMS FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FLOODS FOOD CROPS FOOD GRAINS FRUITS GRAIN GRAIN CROPS HARVESTING HORTICULTURAL CROPS HORTICULTURE INDEMNITY INFLATION INSURANCE INSURANCE BENEFITS INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE PREMIUM RATES INSURANCE SYSTEM JUTE LABOR FORCE LAND DEVELOPMENT LANDLESS LABORERS LANDSLIDES LIBERALIZATION LOSS RATIO MARGINAL FARMERS MIGRATION MITIGATION MORAL HAZARD NATURAL DISASTERS OILSEEDS PLANTING POOR FARMERS POOR HOUSEHOLDS POVERTY ALLEVIATION PRECIPITATION PREMIUMS PRODUCE PROGRAMS PUBLIC POLICY PULSES RAINFED AREAS RATES REINSURANCE REINSURERS RELIEF RESERVE BANK OF INDIA RICE RISK RISK EXPOSURE RISK MANAGEMENT RISK SHARING SAFETY SMALL FARMERS SOWING SUGARCANE TEA TURF WAGES WHEAT Kalavakonda, Vijay Mahul, Olivier Crop Insurance in Karnataka
geographic_facet	South Asia India
relation	Policy Research Working Paper; No. 3654
description	The authors examine the performance of the crop insurance scheme in Karnataka, a southern state of India and the second driest state in the country. Their analysis highlights weaknesses in product design, implementation challenges, and operational problems. The authors' finding is that the crop insurance scheme in its current form does not achieve its objectives, either explicit (risk management) or implicit (safety net and containment of both the central and state governments' contingent liability). The crop insurance scheme performs poorly both in terms of coverage (number of hectares insured and number of farmers purchasing insurance) and financial performance. The authors provide a framework for designing a crop insurance scheme based on the premise that insurance is a cost effective risk management techniques. They also provide some new ideas and thinking toward both improving the existing crop insurance scheme and exploring alternatives to the current product, based on an area-yield approach.
format	Publications & Research :: Policy Research Working Paper
author	Kalavakonda, Vijay Mahul, Olivier
author_facet	Kalavakonda, Vijay Mahul, Olivier
author_sort	Kalavakonda, Vijay
title	Crop Insurance in Karnataka
title_short	Crop Insurance in Karnataka
title_full	Crop Insurance in Karnataka
title_fullStr	Crop Insurance in Karnataka
title_full_unstemmed	Crop Insurance in Karnataka
title_sort	crop insurance in karnataka
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/07/6043337/crop-insurance-karnataka http://hdl.handle.net/10986/8216
_version_	1764407528542699520

Crop Insurance in Karnataka

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