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Farmers’ Willingness to Purchase Weather Index Crop Insurance: Evidence from Battambang, Cambodia
- Bungchay Lay,
- Isriya Bunyasiri and
- Ravissa Suchato
The weather index crop insurance (WICI) scheme was introduced under a pilot project for rice in Cambodia in 2021. The adoption rate was low and the loss ratio was higher than 200%. The increase in farmers’ participation would help reduce the lo...