Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia

Paddy is regarded as the most significant crop in Malaysia as the great majority of the population’s staple food is rice and paddy crop serves as the community’s main source of income and survival, particularly for landless agricultural labourers and small-scale farmers. Following this, the research...

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Main Author: Ashwiny, Chandra Segaran
Format: Thesis
Language:eng
eng
Published: 2022
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Online Access:https://etd.uum.edu.my/11129/1/depositpermission-s829695.pdf
https://etd.uum.edu.my/11129/2/s829695_01.pdf
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spelling my-uum-etd.111292024-06-10T01:35:20Z Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia 2022 Ashwiny, Chandra Segaran Abdul Aziz, Nazliatul Aniza School of Economics, Finance & Banking School of Economics, Finance and Banking HB615-715 Entrepreneurship. Risk and uncertainty. Property Paddy is regarded as the most significant crop in Malaysia as the great majority of the population’s staple food is rice and paddy crop serves as the community’s main source of income and survival, particularly for landless agricultural labourers and small-scale farmers. Following this, the research objectives of this study were twofold: 1) identifying the issues and challenges faced by farmers in paddy cultivation and 2) examining the impact of crop reinsurance scheme to AgroCaptive. Using qualitative research design, data was collected through semi-structured interview with the two project managers in charge of Crop Insurance Scheme in AgroCaptive, Malaysia. Findings indicate that the major losses faced by farmers is flash flood and heavy rainfall which destroys their paddy land thus, crop insurance is necessary to compensate for the losses. The current coverage provided to paddy farmers are not sufficient to pay for their huge losses and farmers are only willing to pay for the crop insurance with small amount of premium. Therefore, introducing Crop Insurance Scheme to the farmers where the premium subsidized by the government will increase the output of the paddy. AgroCaptive The reinsurance scheme protects the AgroCaptive to compensate the catastrophic losses of paddy cultivation and planting costs. However, educating the marketing agencies as well as farmers about this crop insurance scheme is a crucial too. As a result, this research provided a more in-depth understanding of the crop insurance scheme, which contributed to academia, industry and Government. Recommendations were also be provided to improve the research’s limitation when carrying out future research. 2022 Thesis https://etd.uum.edu.my/11129/ https://etd.uum.edu.my/11129/1/depositpermission-s829695.pdf text eng staffonly https://etd.uum.edu.my/11129/2/s829695_01.pdf text eng public other masters Universiti Utara Malaysia
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Aziz, Nazliatul Aniza
topic HB615-715 Entrepreneurship
Risk and uncertainty
Property
spellingShingle HB615-715 Entrepreneurship
Risk and uncertainty
Property
Ashwiny, Chandra Segaran
Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
description Paddy is regarded as the most significant crop in Malaysia as the great majority of the population’s staple food is rice and paddy crop serves as the community’s main source of income and survival, particularly for landless agricultural labourers and small-scale farmers. Following this, the research objectives of this study were twofold: 1) identifying the issues and challenges faced by farmers in paddy cultivation and 2) examining the impact of crop reinsurance scheme to AgroCaptive. Using qualitative research design, data was collected through semi-structured interview with the two project managers in charge of Crop Insurance Scheme in AgroCaptive, Malaysia. Findings indicate that the major losses faced by farmers is flash flood and heavy rainfall which destroys their paddy land thus, crop insurance is necessary to compensate for the losses. The current coverage provided to paddy farmers are not sufficient to pay for their huge losses and farmers are only willing to pay for the crop insurance with small amount of premium. Therefore, introducing Crop Insurance Scheme to the farmers where the premium subsidized by the government will increase the output of the paddy. AgroCaptive The reinsurance scheme protects the AgroCaptive to compensate the catastrophic losses of paddy cultivation and planting costs. However, educating the marketing agencies as well as farmers about this crop insurance scheme is a crucial too. As a result, this research provided a more in-depth understanding of the crop insurance scheme, which contributed to academia, industry and Government. Recommendations were also be provided to improve the research’s limitation when carrying out future research.
format Thesis
qualification_name other
qualification_level Master's degree
author Ashwiny, Chandra Segaran
author_facet Ashwiny, Chandra Segaran
author_sort Ashwiny, Chandra Segaran
title Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
title_short Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
title_full Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
title_fullStr Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
title_full_unstemmed Issues and Challenges Faced by Farmers in Paddy Cultivation: A Case Study of Crop Reinsurance Scheme Proposed by Agrocaptive in Malaysia
title_sort issues and challenges faced by farmers in paddy cultivation: a case study of crop reinsurance scheme proposed by agrocaptive in malaysia
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2022
url https://etd.uum.edu.my/11129/1/depositpermission-s829695.pdf
https://etd.uum.edu.my/11129/2/s829695_01.pdf
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