Should farmers insure themselves against climate disasters?
Even though they see it as something that would benefit them\u2026 they would rather put that dollar into fertiliser which they really need to boost their yields.\u201d
Recently on Africa Daily we\u2019ve heard about different insurance schemes for farmers and whole countries to insure themselves against natural disasters. With an increase in extreme weather events due to climate change it\u2019s become an area of growth.
But what are the limitations and difficulties? And can subsistence farmers, who already struggle to earn enough for their basic needs, really be expected to find money to insure themselves?
Alan @Kasujja speaks with Dr Saint Kuttu, a Senior Lecturer in Finance and Risk Management at the University of Ghana Business School, and Dr Betty Chinyamunyamu, CEO of the National Smallholder Farmers' Association of Malawi - NASFAM - which represents 130,000 farmers.