The contents of the literature review will include the mode of financing for agriculture. The literature sub-sections will focus on the following; Changes in weather conditions in terms of agricultural production, inadequate infrastructure, high cost of agricultural inputs, pests and diseases, land tenure system, limited research and agricultural officials. Literature searches will be skimming through topics related to agricultural financing with the intention of becoming familiar with the body of knowledge available. The researcher will conduct searches more efficiently and records relevant information for future referral about the literature.
Table of Contents
1. Introduction to literature review sub-topics
1.1 Changes in Weather Conditions
Research Objectives and Themes
The primary objective of this literature review is to examine the modes of financing for agriculture and to investigate various factors impacting agricultural production. The research explores how climate variability and environmental risks influence the decision-making processes, financial security, and adaptation strategies of farmers globally.
- Weather risk management in agricultural production
- Impact of production uncertainties on global food prices
- Viability of weather-indexed insurance and hedging mechanisms
- Gendered responses and risk-coping strategies of smallholder farmers
- Role of information sources and technology in climate change adaptation
Excerpt from the Book
Changes in Weather Conditions
Agriculture is known in the Holy Bible as one of the oldest business ventures but currently one of the most risky business sectors of the economy. Khan, Rennie, and Charlebois (2013) studied the weather risk management practices of grain producers. In lieu to understanding of the weather risk management practices of agricultural producers they conducted a survey of 397 grain farmers in the province of Saskatchewan, Canada. The reasons for the study was because the agriculture sector was a major contributor to the province's economy and weather related events. Second, Saskatchewan was one of the few agricultural regions that offered rainfall and heat insurance along with multi-peril crop insurance through the Saskatchewan Crop Insurance Corporation (SCIC). Khan, Rennie, and Charlebois (2013) findings confirmed about the widely held beliefs on the weather sensitive nature of the agriculture production with most of the respondents stating that their farming business suffered financial losses due to weather related events within the past three years. Khan, Rennie, and Charlebois (2013) concluded that insurance has been used by farmers to protect against weather risks catering for high intensity low probability events but does not work well for low intensity but high probability events. These researchers’ suggested that a more complete hedge against weather risk can be used to complement the insurance weather derivatives.
Summary of Chapters
1. Introduction to literature review sub-topics: This section provides an overview of the challenges facing modern agriculture, highlighting the necessity of effective risk management strategies.
1.1 Changes in Weather Conditions: This chapter reviews various studies regarding weather-related risks in agriculture, examining how producers manage financial losses through insurance, hedging, and adaptive production strategies.
Keywords
Agriculture, Weather Risk, Climate Change, Agricultural Financing, Food Security, Insurance, Adaptation Strategies, Smallholder Farmers, Risk Management, Production Uncertainties, Sustainability, Climate Variability
Frequently Asked Questions
What is the fundamental focus of this research?
The research focuses on the intersection of agricultural production and environmental risk, specifically looking at how farmers manage financial and operational challenges caused by changing weather patterns.
What are the central thematic areas?
The central themes include agricultural financing, the impact of climate change on food security, risk-coping strategies, and the effectiveness of insurance products in mitigating agricultural losses.
What is the primary research objective?
The primary objective is to review existing academic and professional literature to understand the modes of agricultural financing and the adaptive responses of farmers to climate-related uncertainties.
Which scientific methods are utilized in the reviewed studies?
The reviewed literature employs various methodologies, including surveys of grain producers, multinomial logit models for household data analysis, and semi-structured interviews for qualitative and quantitative data collection.
What topics are covered in the main body?
The main body examines weather risk management in Canada, global food price volatility, weather insurance viability in China, viticulture hedging strategies in Argentina, and climate adaptation strategies in Cameroon, Oman, Tanzania, and Nigeria.
Which keywords best characterize this work?
The work is characterized by terms such as agricultural risk, climate adaptation, food security, weather derivatives, and smallholder farming resilience.
How does insurance specifically address low-probability versus high-probability events?
Research indicates that current insurance models are effective for high-intensity, low-probability events but struggle to provide adequate coverage for low-intensity, high-probability occurrences.
Why is gender a significant variable in the study of climate adaptation?
Gender is significant because female-headed households often have different access to resources and varying exposure to food production stresses compared to male-headed households, necessitating gender-specific coping strategies.
What role does information access play in climate adaptation?
Access to information, often through social networks like neighbors and friends, is crucial for farmers, though the literature suggests that integrating digital technologies could significantly improve the speed and quality of climate adaptation decisions.
- Quote paper
- Franklin Atadja (Author), 2016, A Review of the Professional and Academic Literature concerning Financing for Agriculture, Munich, GRIN Verlag, https://www.grin.com/document/492483
