Should farmers insure themselves against climate disasters?

Even though they see it as something that would benefit them… they would rather put that dollar into fertiliser which they really need to boost their yields.”Recently on Africa Daily we’ve heard about different insurance schemes for farmers and whole countries to insure themselves against natural disasters. With an increase in extreme weather events due to climate change it’s become an area of growth. But what are the limitations and difficulties? And can subsistence farmers, who already struggle to earn enough for their basic needs, really be expected to find money to insure themselves?Alan @Kasujja speaks with Dr Saint Kuttu, a Senior Lecturer in Finance and Risk Management at the University of Ghana Business School, and Dr Betty Chinyamunyamu, CEO of the National Smallholder Farmers' Association of Malawi - NASFAM - which represents 130,000 farmers.