open access

https://hdl.handle.net/2115/65917

Livestock insurance and poverty alleviation in developing countries : Pilot study of agricultural insurance in Vietnam

日本語

ベトナム

2017-03-31

北海道大学大学院農学研究院

The Nokei Ronso : The Review of Agricultural Economics Hokkaido University

71

51-57

Controlling production risk in agriculture is one of the most important factors in stabilizing farmers' income over different time periods. However, financial and insurance markets are not well-developed in developing countries, including rural Vietnam, where opportunistic behavior, such as adverse selection and moral hazard, especially impede the development of a livestock insurance market. In 2011-2013, the government of Vietnam introduced an agricultural insurance system as a trial which the main focus on poverty alleviation. Our survey results indicate that farmers who received insurance payments were able to re-introduce new swine to their production, contributing to poverty alleviation. However, the enrollment rate is quite low among middle-income households, who are assumed to be very knowledgeable about animal production and hygiene technology. Therefore, policy markers and insurance companies will face a trade-off between contribution to temporary poverty alleviation and adverse selection.

紀要論文

Version of Record

0385-5961

AN0020151X