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• W2256303969 abstract "Index insurance, which indemnifies agricultural producers based on an objectively observable variable that is highly correlated with production losses but which cannot be influenced by the producer, can provide adequate protection against catastrophic droughts without suffering from the moral hazard and adverse selection problems that typically cause conventional agricultural insurance programs to fail. Using historical maize and cotton yield data from nine districts in Zimbabwe, we find that catastrophic drought insurance contracts based on the Normalized Difference Vegetation Index (NDVI) can be constructed whose indemnities exhibit higher correlations with yield losses compared to the conventional rainfall index. In addition the NDVI contracts can be offered within the 5–10 per cent premium range considered reasonably affordable to many poor smallholder farmers in Zimbabwe." @default.
• W2256303969 created "2016-06-24" @default.
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• W2256303969 creator A5036111775 @default.
• W2256303969 date "2009-12-01" @default.
• W2256303969 modified "2023-09-27" @default.
• W2256303969 title "Catastrophic Drought Insurance based on the Remotely Sensed Normalized Difference Vegetation Index for Smallholder Farmers in Zimbabwe" @default.
• W2256303969 hasPublicationYear "2009" @default.
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