Assessing peer influence on farmers’ climate adaptations: An experimental adoption of index insurance and savings in Uzbekistan

Strengthening climate resilience requires farmers to select climate adaptation strategies like weather index insurance. Acknowledging that decision-making is not isolated, this study explores simultaneous peer imitation in climate adaptation choices consisting of index insurance, savings, and their...

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Bibliographic Details
Published inJournal of agricultural and applied economics Vol. 56; no. 1; pp. 1 - 20
Main Authors Moritz, Laura, Kuhn, Lena, Bobojonov, Ihtiyor, Glauben, Thomas
Format Journal Article
LanguageEnglish
Published Cambridge Cambridge University Press 01.02.2024
Subjects
adoption behavior
climate adaptations
index insurance
lab-in-the-field experiment
peer imitation
savings
Uzbekistan
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Summary:Strengthening climate resilience requires farmers to select climate adaptation strategies like weather index insurance. Acknowledging that decision-making is not isolated, this study explores simultaneous peer imitation in climate adaptation choices consisting of index insurance, savings, and their interaction. We present results from a lab-in-the-field experiment that introduces innovative index insurance. Findings indicate significant and strong imitation attitudes. While the bigger peer surrounding seems relevant in the static perspective, the closer surrounding gains importance in the dynamic perspective. Additionally, credit, trust, and practical understanding stimulate adoption. Community-based extension interventions and credit-bundled products may increase index insurance diffusion and improve climate resilience.
ISSN:2056-7405
1074-0708
2056-7405
DOI:10.1017/aae.2023.38