Risk management and the potential of cattle insurance in Tigray, Northern Ethiopia

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dc.contributor.advisor O'Reilly, Seamus en
dc.contributor.advisor Lahiff, Edward en
dc.contributor.advisor Steiner, Bodo E. en
dc.contributor.author Bishu, Kinfe Gebreegziabher
dc.date.accessioned 2014-05-08T13:32:06Z
dc.date.available 2014-05-08T13:32:06Z
dc.date.issued 2014
dc.date.submitted 2014
dc.identifier.citation Bishu, K. G. 2014. Risk management and the potential of cattle insurance in Tigray, Northern Ethiopia. PhD Thesis, University College Cork. en
dc.identifier.endpage 225
dc.identifier.uri http://hdl.handle.net/10468/1550
dc.description.abstract This study explores the role of livestock insurance to complement existing risk management strategies adopted by smallholder farmers. Using survey data, first, it provides insights into farmers’ risk perception of livestock farming, in terms of likelihood and severity of risk, attitude to risk and their determinants. Second, it examines farmers’ risk management strategies and their determinants. Third, it investigates farmers’ potential engagement with a hypothetical cattle insurance decision and their intensity of participation. Factor analysis is used to analyse risk sources and risk management, multiple regressions are used to identify the determinants; a Heckman model was used to investigate cattle insurance participation and intensity of participation. The findings show different groups of farmers display different risk attitude in their decision-making related to livestock farming. Production risk (especially livestock diseases) was perceived as the most likely and severe source of risk. Disease control was perceived as the best strategy to manage risk overall. Disease control and feed management were important strategies to mitigate the production risks. Disease control and participation on safety net program were found to be important to counter households’ financial risks. With regard to the hypothetical cattle insurance scheme, 94.38% of households were interested to participate in cattle insurance. Of those households that accepted cattle insurance, 77.38% of the households were willing to pay the benchmark annual premium of 4% of the animal value while for the remaining households this was not affordable. The average number of cattle that farmers were willing to insure was 2.71 at this benchmark. Results revealed that income (log income) and education levels influenced positively and significantly farmers’ participation in cattle insurance and the number of cattle to insure. The findings prompt policy makers to consider livestock insurance as a complement to existing risk management strategies to reduce poverty in the long-run. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher University College Cork en
dc.rights © 2014, Kinfe G. Bishu en
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/ en
dc.subject Risk perception en
dc.subject Risk management en
dc.subject Factor analysis en
dc.subject Livestock insurance en
dc.subject Tigray en
dc.subject Ethiopia en
dc.title Risk management and the potential of cattle insurance in Tigray, Northern Ethiopia en
dc.type Doctoral thesis en
dc.type.qualificationlevel Doctoral en
dc.type.qualificationname PhD (Commerce) en
dc.internal.availability Full text available en
dc.check.info No embargo required en
dc.description.version Accepted Version
dc.contributor.funder Irish Aid en
dc.description.status Not peer reviewed en
dc.internal.school Food Business and Development en
dc.check.type No Embargo Required
dc.check.reason No embargo required en
dc.check.opt-out Not applicable en
dc.thesis.opt-out false
dc.check.embargoformat Not applicable en
ucc.workflow.supervisor s.oreilly@ucc.ie
dc.internal.conferring Summer Conferring 2014


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© 2014, Kinfe G. Bishu Except where otherwise noted, this item's license is described as © 2014, Kinfe G. Bishu
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