@article{oai:jicari.repo.nii.ac.jp:00001085,
 author = {Fukumori, Keiko and Arai, Ayumi and Matsumoto, Tomoya},
 issue = {230},
 journal = {Working Paper},
 month = {Apr},
 note = {This study examines the determinants of smallholder farmers’ adoption of weather-index crop 
insurance, which is considered to be a promising means of mitigating the negative welfare impacts 
of crop loss caused by drought or excess rainfall. The study utilizes household survey data 
covering 495 smallholder farmers in rural Kenya. It finds that a better understanding of insurance, 
together with a significant positive effect of years of education, considerably increases insurance 
uptake. The evidence suggests that it is important to provide educational programs on new 
financial products when introducing such products to smallholder farmers. However, it also shows 
the limitations of this study by revealing how important proper study design is to draw reliable 
methodological impact evaluations.},
 pages = {1--35},
 title = {Risk Management for Smallholder Farmers: An  Empirical Study on the Adoption of Weather-Index  Crop Insurance in Rural Kenya},
 year = {2022}
}