Crop insurance: An overview of Bangladesh
The Financial Express, 15 February 2010
This article examines the unique situation of Bangladesh and its agricultural sector with regards to climate change and the capabilities of insuring the farmers.
During normal monsoon, 25-30% of the land area is flooded and in extreme case the area affected is nearly 70%. This is why Bangladesh, seen as the hardest hit by the climate change, will suffer most in the agriculture sector. Agriculture accounts for one quarter of Bangladesh's GDP and is the source of employment for more than 80 per cent of the rural population, 65% of them are directly related to agriculture. Another 15 to 20% are indirectly related to it. Rural people's 60 to 70% income is generated from agriculture; so, the food security and income of these farmers' good harvest and production has to be ensured.
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