Natural shocks and farm household behavior: The consequences of an earthquake in Pisco, Peru

Marrit van den Berg*, Ricardo Fort

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

Abstract

Natural disasters have indirect effects that may affect the victims for a substantial time after the direct impact. This chapter studies the impact of the Pisco earthquake on Peruvian cotton farmers more than a year after the earthquake hit. We fnd that incomes were only half of what they would have been without the earthquake. Damaged plots had not been recovered, and farmers seemed to cultivate less land and use lower amounts of inputs than they did before the earthquake. Risk aversion increased substantially, including for farmers who were not directly affected by the earthquake. However, preferences for insurance did not change.

Original languageEnglish
Title of host publicationManaging Risk in Agriculture
Subtitle of host publicationA Development Perspective
PublisherCABI
Chapter17
Pages238-250
Number of pages13
ISBN (Electronic)9781800622272
ISBN (Print)9781800622265
DOIs
Publication statusPublished - 2 Oct 2023

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