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Weather Risk Management for Agriculture

1 September -21 September 2008

Description

Objective
Target Audience

Contact 

 

 Description

Weather shocks have long-term and devastating consequences on low income agricultural households especially in developing countries. Farmers rely on traditional risk management methods without access to catastrophic risk coverage. Although international weather markets provide several new tools for managing catastrophic risks such as weather indexed insurance, these mechanisms are rarely available for the poor. The course looks at ways and conditions of introducing these innovative risk transfer approaches in developing countries in order to improve the livelihood choices of low income agricultural communities. 

The course offers a broad outline of steps involved – from feasibility analyses through market development to implementation - in introducing weather indexed insurance for agricultural risk. The main components of market development processes discussed, including the required arrangements to create and introduce an insurance product in a new market. 

The course also looks at weather indexed insurance in the context of Climate Change since the adaptation agenda creates challenges and opportunities for agricultural risk insurance. It clarifies when and how weather index insurance can support the implementation of the climate change adaptation agenda. back to top arrow

 

 Objective

This specialization course identifies the linkages among weather risk, agricultural losses, access to rural finance and rural poverty. It presents methods used by households and communities in managing weather risk, compares traditional versus index-based insurance schemes, and lists the advantages and disadvantages of the different approaches. The course outlines the major steps involved in design and implementation of a weather index insurance program for farmers in low income countries. Finally, it also discusses the opportunities and challenges climate change presents for the future of weather index insurance.back to top arrow

 

Language

The language of the course is English.

 

Course Format

The course consists of self-paced modules, discussion forums, exercises, readings, case studies, tests and learning via interaction with program faculty and peers. The course includes 6 audio sessions of expert lectures for 30–35 minutes each.

 

Course Expectations

Participants are expected to commit 8–10 hours per week in order to gain the most out of this course in addition to:


• Complete the required reading assignments
• Participate in all online activities. Participation involves posting a minimum of two messages per week that are substantive in nature. The message can be either a new topic or a reply to someone else's message.
• Participants are encouraged to post more often than twice a week in order to be involved more deeply into topics.
• Participate in videoconferencing and asynchronous chat sessions (if applicable)
• Complete assignments and end of course project

Complete course evaluation at the end of the course.

 

 

System Requirements of the Course
 
Hardware: Pentium 166 or faster, 64MB Memory, CD-ROM, Sound Card
 
Software: Windows 95, 98, ME, NT 4, 2000, or XP Internet Explorer 4 or higher, Netscape 4 or higher Microsoft Office 2000 (Word, PowerPoint) Acrobat Reader 5

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 Target Audience

The course targets government officials, development agency staff, donor organizations, and private sector actors, all of whom are important stakeholders in design and implementation of market-based weather risk management.

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 Contact

Course Director: Berna Yekeler: byekeler@worldbank.org

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