Description
This paper is a pioneering study of investigating effects of farmers’ perception of climate change on their willingness to pay (WTP) for a weather-index crop insurance in Nepal. We use contingent valuation data collected from a primary household survey conducted in Bahunepati, Nepal to examine the topic. The research improves on the previous literature by analyzing two crop insurance products which incorporate both crop and livestock.
Farmers’ perception of climate change and willingness to pay for weather-index insurance in Bahunepati, Nepal
This paper is a pioneering study of investigating effects of farmers’ perception of climate change on their willingness to pay (WTP) for a weather-index crop insurance in Nepal. We use contingent valuation data collected from a primary household survey conducted in Bahunepati, Nepal to examine the topic. The research improves on the previous literature by analyzing two crop insurance products which incorporate both crop and livestock.