Summary |
Written by the world’s leading expert on agricultural insurance, this second edition has been both revised and enlarged. First it describes the various types of agricultural risks, discussing their nature and insurability. There then follows an analysis of the principles and practices of the main types of insurance with an explanation of the actuarial methods employed and a description of the various insurance organizations concerned. The book also critically examines the problems and possibilities involved in the application to developing countries of techniques of crop and livestock insurance so far evolved in developed countries. Dr Ray has written an invaluable guide both for developed countries as to how they can protect their farmers against the progressively rising costs of agricultural investments, and also for developing countries as to how agricultural insurance could benefit them in their urgent need for increased food and agricultural production.
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