Wharton Research Scholars Journal

Document Type

Thesis or dissertation

Date of this Version

4-2010

Comments

Suggested Citation:
Boudreau, Laura. "Promoting Food Security in a Volatile Climate: Agricultural Insurance for Senegalese Farmers." Wharton Research Scholars Journal. April 2010.

Abstract

We cannot stop natural calamities, but we can and must better equip individuals and communities to withstand them. Those most vulnerable to nature’s wrath are usually the poorest, which means that when we reduce poverty, we also reduce vulnerability.

- Kofi Annan, Former UN Secretary-General, October 12, 2005

Kofi Annan’s 2005 International Day for Disaster Reduction message followed a year of natural catastrophes including, among others, the 2004 Indian Ocean tsunami that claimed over 280,000 lives, drought and locust plagues across Africa, devastating hurricanes and cyclones in the United States and Caribbean (including Hurricane Katrina), and heavy flooding across Europe and Asia. Annan’s message focused on recognizing the potential of micro-finance to reduce disaster risk and to improve disaster management; he promoted disaster micro-insurance as an “innovative approach” in this field (Annan, 2005).

Keywords

social impact, agriculture, insurance

 

Date Posted: 02 September 2010