Impact of Risk Pooling Strategies on Smallholder Farmers’ Access to Agricultural Insurance in Jigawa State.
1 Department of Actuarial Science,, Faculty of Management Sciences, Federal University Dutse, Jigawa State.
* Corresponding author: oyekanmidelejerry@gmail.com
* Corresponding author: oyekanmidelejerry@gmail.com
Abstract
This study examines the efficacy of risk pooling strategies for enhancing smallholder farmers'
access to agricultural insurance in Jigawa State, Nigeria. Utilizing a cross-sectional survey of
389 farmers insured by the National Agricultural Insurance Corporation (NAIC) from 2019 to
2022, descriptive statistics and regression analysis were employed to explore the adoption and
effectiveness of risk pooling mechanisms. Findings reveal a positive relationship between
engagement in risk pooling and its impact on farmers' access, highlighting the significance of
community-based initiatives and tailored insurance schemes. The study underscores the
relevance of effective risk management for the agricultural sector and provides insights for
policymakers to enhance insurance access amid uncertainties. Implications include the positive
correlation between risk pooling engagement and its impact on smallholder farmers, suggesting
community-based approaches can bolster resilience. Key recommendations include promoting
community-based initiatives, tailoring insurance schemes, formulating robust policies, and
considering the local context for effective risk management. This research contributes to
enhancing the resilience and well-being of smallholder farmers, fostering sustainable
development in the agricultural sector.
Keywords
risk pooling
agricultural insurance
smallholder farmers
community-based initiatives
Jigawa State
Nigeria.
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How to Cite
Jerry, O. D., Ringim, M. N., Rabiu, A., & Onyinye, E. J. (2023). Impact of Risk Pooling Strategies on Smallholder Farmers’ Access to Agricultural Insurance in Jigawa State.. Bayero Business Review, 7(2), 92-105. https://doi.org/10.67894/bbr.2023.q4c69qz0
O. D. Jerry, M. N. Ringim, A. Rabiu, and E. J. Onyinye, "Impact of Risk Pooling Strategies on Smallholder Farmers’ Access to Agricultural Insurance in Jigawa State.," Bayero Business Review, vol. 7, no. 2, pp. 92-105, November 2023. doi: 10.67894/bbr.2023.q4c69qz0
