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Crop Insurance as a Risk Management Strategy in Bangladesh

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% of farmer<br />

% of farmer<br />

% of farmer<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

Tk. 50 Tk.<br />

100<br />

Gondymari - le<strong>as</strong>t vulnerable<br />

Tk.<br />

200<br />

Tk.<br />

300<br />

92<br />

Tk.<br />

400<br />

Tk.<br />

500<br />

Monthly amount will<strong>in</strong>g to pay <strong>as</strong><br />

premium<br />

Sh<strong>in</strong>ghmari - moderate moderately vulnerable<br />

Tk. 50 Tk.<br />

100<br />

Tk.<br />

200<br />

Tk.<br />

300<br />

Tk.<br />

400<br />

Tk.<br />

500<br />

Monthly amount will<strong>in</strong>g to pay <strong>as</strong><br />

premium<br />

high<br />

medium<br />

low<br />

low<br />

medium<br />

Income level<br />

high<br />

high<br />

Purb<strong>as</strong>ardubi - highly vulnerable<br />

Tk. 50 Tk.<br />

100<br />

Tk.<br />

200<br />

Tk.<br />

300<br />

Tk.<br />

400<br />

Tk.<br />

500<br />

Monthly amount will<strong>in</strong>g to pay <strong>as</strong><br />

premium<br />

high<br />

low<br />

medium<br />

medium<br />

high<br />

medium<br />

low<br />

Income level<br />

low<br />

high<br />

medium<br />

low<br />

Income level<br />

Figure 6.16: Monthly WTP <strong>as</strong> a premium <strong>in</strong> low, moderately and highly vulnerable are<strong>as</strong> of<br />

Lalmonirhat

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