Prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern Region of Ghana
| Autor: | Samuel Afotey Anang, Ernest Christlieb Amrago, Emmanuel T.D. Mensah, Jeffery Kofi Asare, Nicholas Oppong Mensah |
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| Rok vydání: | 2021 |
| Předmět: |
0106 biological sciences
business.industry 010604 marine biology & hydrobiology 04 agricultural and veterinary sciences 01 natural sciences Agricultural economics Aquaculture Agriculture Return on investment 040102 fisheries 0401 agriculture forestry and fisheries Fish Profitability index Aquaculture industry Thematic analysis business Relevant information |
| Zdroj: | World Journal of Science, Technology and Sustainable Development. 18:494-512 |
| ISSN: | 2042-5945 |
| Popis: | PurposeAquaculture insurance has the potential of redressing climate-change because it serves as an alternative source of finance in the event of unforeseen circumstances. To this end, the authors examine the prospects, determinants and profitability of aquaculture insurance among fish farmers in the Eastern region of Ghana.Design/methodology/approachA total of 140 fish farmers were sampled for the study. Thematic analysis was used to determine perceived aquaculture insurance prospects. The Heckman's two-stage model, profitability index (PI) and return on investment (ROI) was employed to respectively determine the factors influencing aquaculture insurance participation and amount intensity and the profitability of aquaculture.FindingsThe thematic analysis revealed three themes on the perception of aquaculture insurance prospects: loss recovery, farm renovation and promotes agriculture. Different sets of demographic and institutional factors have varying influences on aquaculture insurance participation and amount intensity. Profitability index (PI) and return on investment (ROI) were respectively 2.07 and 3.2%.Originality/valueThe research provides relevant information on perceived aquaculture insurance prospects, aquaculture insurance participation, and amount intensity and profitability of aquaculture which can contribute to enhancing aquaculture insurance and the aquaculture industry in Ghana. |
| Databáze: | OpenAIRE |
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