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March 7, 2026Open Access

Economic Stability Modelling through Livestock Insurance Coverage among Smallholder Farmers in Northern Ghana: A Methodological Approach

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Authors

AOAmeyaw OwusuUniversity of Cape CoastAAAtewia AmpofoUniversity of Cape CoastYAYaw Asare

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Overview

Economic modeling reveals livestock insurance enhances financial stability among farmers, suggesting targeted policy needs.

Key Points

  • Assess the effectiveness of livestock insurance in improving economic stability for smallholder farmers in Northern Ghana.
  • Mixed-method approach using quantitative surveys and qualitative interviews
  • Surveys conducted among smallholder farmers in Northern Ghana
  • Econometric modeling to analyze financial outcomes and savings due to insurance
  • 60% of farmers reported increased savings attributed to insurance premiums
  • Insurance participants faced lower financial losses during market volatility compared to uninsured farmers
  • Positive correlation identified between insurance uptake and economic stability

Cite This Study

Owusu et al. (2008) studied this question.

synapsesocial.com/papers/69abc1d75af8044f7a4eae97https://doi.org/10.5281/zenodo.18879583
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Livestock Insurance and Income Stability among Smallholder Producers in Ethiopian Highlands: A Mixed-Methods Study2004
  2. 2Development and Validation of Community-Based Livestock Insurance Schemes in Eastern Indian Villages for Financial Protection and Economic Stability Enhancement2012
  3. 3Livestock Insurance Policies in Nigerian Smallholder Cattle Farmers: A Three-Year Risk Mitigation Assessment2010
  4. 4Livestock Insurance Adoption Among Smallholder Farmers in Southern Nigeria: An Economic Analysis2007
  5. 5Expansion of Livestock Insurance Coverage Among Rangeland Herders in Ethiopian Highlands: A Policy Impact Study on Risk Management Risks2001