Rain fall risk, farmers perception and demand for insurance

It is known that agricultural producers around the world are exposed to a variety of income uncertainties, both market related such as price variations, as well as non-market related, unstable weather patterns. It is well known that these uncertainties induce significant income risks, particularly detrimental to small and/or poor producers in developing countries. Over the years, a range of risk management strategies have been used to reduce, or to assist smallholder farmers to absorb, some of agricultural risks. Since insurance is potentially an important instrument to transfer part of the risks, this study try to assess weather related risks faced on smallholder farmers and their demand for the rainfall risk insurance. This book is addressing smallholder farmers' in Ethiopia whose livelihood is depend on agriculture, and are suffering from climate related risks.