Should farmers insure themselves against climate disasters?
“They would rather put (their) dollar into fertiliser which they need to boost yields”
Africa Daily · BBC World Service
Audio is streamed directly from the publisher (open.live.bbc.co.uk) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Even though they see it as something that would benefit them… they would rather put that dollar into fertiliser which they really need to boost their yields.”
Recently on Africa Daily we’ve heard about different insurance schemes for farmers and whole countries to insure themselves against natural disasters. With an increase in extreme weather events due to climate change it’s become an area of growth.
But what are the limitations and difficulties? And can subsistence farmers, who already struggle to earn enough for their basic needs, really be expected to find money to insure themselves?
Alan @Kasujja speaks with Dr Saint Kuttu, a Senior Lecturer in Finance and Risk Management at the University of Ghana Business School, and Dr Betty Chinyamunyamu, CEO of the National Smallholder Farmers' Association of Malawi - NASFAM - which represents 130,000 farmers.