Scoping report: current status of index-based insurance in Bangladesh

With current and anticipated increases in magnitude of extreme weather events and a declining consistency in weather patterns, particularly challenging for agriculture, there has been a growing interest in weather index-based insurance (IBI) schemes in Bangladesh. A number of weather index-based insurance products have already been tested and applied across Asia and Africa, with varying degrees of success, as a mechanism to improve livelihood security by enabling vulnerable populations to transfer risk associated with climate change, extreme weather events and other hazards. In the process, these efforts have generated important new knowledge on how these schemes can be designed and implemented for optimal results. However, the practice of index-based insurance is still limited in Bangladesh, and the experience and knowledge generated by the different stakeholders involved needs to be better communicated.

Weather index insurance: Lessons learned and best practices for Bangladesh

WorldFish and the International Centre for Climate Change and Development (ICCCAD) held a two-day workshop on the topic of Weather Index-Based Insurance: Lessons Learned and Best Practices for Bangladesh. Weather index insurance is based on a predefined weather event which when triggered ensures automatic payout to farmers who have taken out insurance. For example, the climatic trigger could be a predefined consecutive number of days where rainfall is below a set level or when the floodwater level reaches above a certain point. Index insurance has been operating for about 10 years in many countries but is still at an early stage in Bangladesh, where there are two schemes currently being piloted and three other projects being developed. The aim of the two-day workshop was twofold: to ascertain the present state of index insurance in Bangladesh and elsewhere, and to work together to identify ways forward.

Rice-fish and rice mono-crop production at Gouripur, Mymensingh: an economic analysis

This study examines the relative profitability of rice-fish culture and rice mono-crop production at Gouripur thana of Mymensingh district. The results of the study show that the rice-fish farming was economically more rewarding than the rice mono-crop farming, although both the farming activities were found profitable over cash as well as full costs. In addition to extra earnings from fish, the rice-fish farming produced significantly a higher yield of rice requiring very minimum extra cost for fish. Rice-fish farming also reduced variability in yield of and return from rice.

Prospects of integration of aquaculture with animal husbandry and land crop culture in Tripura State

Tripura is a densely populated small state with meagre water resources. 47.51% of the population is constituted by socio-economically backward, illiterate, orthodox, tribal and scheduled castes. Some of them are nomad and a majority of the rest of the population is refugees from Bangladesh, but almost 100% is fish eater. Settlement of tribes in villages, provision of nutritious food and employment therefore calls for proper utilization of every resource they have. The State is poor in water resources but recently has created 21,636.23 ha of new water area. Tripura is rich in pig population, besides poultry birds. Paddy is the main crop cultivated in arable lands. An integration of livestock raising and land based agriculture with pisciculture practices around mini barrages will help in solving the problems to a great extent. The paper is an attempt to outline the prospects of integration of aquaculture with animal husbandry and land based crop culture in Tripura State.

Factor intensity and economic returns of alternate shrimp crop and shrimp-salt farming in the coastal areas of Bangladesh

The paper examines the factor intensity and economic returns of alternate shrimp-crop and shrimp-salt farming in the coastal areas of Bangladesh. Data were collected from 30 shrimp-crop and 30 shrimp-salt farmers, 30 shrimp farmers and 30 rice farmers from three selected coastal districts of Bangladesh. Cobb-Douglas production function model was used to determine the effect of various factors on alternate shrimp-crop farming. The chosen variables were stocking of juveniles, paddy seed, labour, fertilizers, feed and farm size of respective type of farming. The results indicated that the production function exhibited increasing remrns to scale for alternate shrimp-rice, alternate shrimp-salt and year round shrimp farming while it indicated decreasing returns for year round rice farming. Economic analysis of same system of farming indicated that higher amount of input use produced higher level of yield, gross return and net return for each type of production system.