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Risk Preferences and Demand for Insurance Under Price Uncertainty: An Experimental Approach for Cocoa Farmers in Côte d’Ivoire

Jan 05, 2012 | E. Kouame, A. Komenan | Microinsurance Innovation Facility, ILO

This document analyses the willingness-to-pay for minimum price insurance and the potential role of risk aversion among cocoa farmers in rural Côte d’Ivoire. It focuses on the interaction between farmers’ risk preferences and the potential demand for cocoa price insurance in an attempt to help farmers in dealing with exposure to commodity price risks.

Theme: Financial Inclusion, Agricultural Finance | Country: Côte d'Ivoire | Pages: 30
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