Animal insurance and farmer's behavior in Vietnam

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cg.authorship.typesNot CGIAR developing country instituteen
cg.authorship.typesNot CGIAR international instituteen
cg.contributor.affiliationObihiro University of Agriculture and Veterinary Medicineen
cg.contributor.affiliationRakuno Gakuen Universityen
cg.contributor.affiliationNational University of Agriculture, Vietnamen
cg.contributor.crpAgriculture for Nutrition and Health
cg.coverage.countryVietnam
cg.coverage.iso3166-alpha2VN
cg.coverage.regionAsia
cg.coverage.regionSouth-eastern Asia
cg.howPublishedFormally Publisheden
cg.identifier.doihttps://doi.org/10.9734/ajaees/2017/31910en
cg.issn2320-7027en
cg.issue2en
cg.journalAsian Journal of Agricultural Extension, Economics and Sociologyen
cg.reviewStatusPeer Reviewen
cg.subject.ilriINSURANCEen
cg.subject.ilriLIVESTOCKen
cg.volume16en
dc.contributor.authorKono, H.en
dc.contributor.authorKubota, S.en
dc.contributor.authorSenbokuya, Y.en
dc.contributor.authorMakita, K.en
dc.contributor.authorNishida, T.en
dc.contributor.authorTran, M.H.en
dc.date.accessioned2018-01-31T11:39:22Zen
dc.date.available2018-01-31T11:39:22Zen
dc.identifier.urihttps://hdl.handle.net/10568/90664
dc.titleAnimal insurance and farmer's behavior in Vietnamen
dcterms.abstractMost poor people in developing countries make their living from agriculture; hence, their livelihood is subject to various risks such as livestock disease, flooding, drought, and fluctuations in the price of agricultural products. One method of dealing with risk is insurance. However insurance markets in developing countries are seriously impacted by adverse selection and moral hazard, derived from information asymmetry. Livestock insurance was introduced in Vietnam as a pilot project in 2011–2013. We examine the factors behind the decision to take out insurance, from the viewpoint of moral hazard or adverse selection in Vietnam. The results suggest that, if there are few trustworthy people locally, the rate of time discounting is lower and farmers will purchase insurance coverage. Further, the higher the number of calvings, and therefore the older the cows owned by a farmer, the more likely he/she is to take out livestock insurance. The analysis of results also reveals a low level of existence of adverse selection and moral hazard with respect to livestock insurance in the surveyed areas. The incidence of livestock diseases covered by insurance is currently low. Many dairy farmers expressed their wish for insurance coverage to be expanded to include other diseases such as mastitis and hoof disease. Expanding the range of diseases covered by insurance would introduce an additional financial burden. As a consequence, the system of surveillance and penalties would need to be strengthened.en
dcterms.accessRightsOpen Access
dcterms.audienceScientistsen
dcterms.available2017-01-10
dcterms.bibliographicCitationKono, H., Kubota, S., Senbokuya, Y., Makita, K., Nishida, T., Tran, M.H. 2017. Animal insurance and farmer's behavior in Vietnam. Asian Journal of Agricultural Extension, Economics & Sociology 16(2): 1–12.en
dcterms.extentp. 1-12en
dcterms.issued2017-03-31
dcterms.languageen
dcterms.publisherSciencedomain Internationalen
dcterms.typeJournal Article

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