HOUSTON – (Feb. 25, 2021) – Low-income livestock farmers in growing nations are sometimes confronted with a troublesome dilemma: shield their animals from endangered predators, or spare the threatened species on the expense of their livestock and livelihood.
A brand new paper by Rice College economist Ted Loch-Temzelides examines such circumstances confronted by farmers in Pakistan. “Conservation, danger aversion, and livestock insurance coverage: The case of the snow leopard” outlines a plan beneath which farmers can shield themselves from crippling monetary losses whereas preserving and probably benefiting from the lives of endangered predators.
“These livestock homeowners usually have very low incomes,” Loch-Temzelides mentioned. “The lack of even one animal may be financially devastating. They’re confronted with the troublesome process of weighing conservation efforts in opposition to financial losses because of assaults on their herds. And this case is not restricted to snow leopards — it applies wherever massive predators stay close to livestock.”
Loch-Temzelides proposes establishing neighborhood livestock insurance coverage contracts for farmers in growing nations who haven’t got entry to the forms of insurance policies accessible in additional developed nations. Beneath these contracts, farmers would conform to share the price of misplaced animals with different farmers of their neighborhood. For instance: If one farmer in a neighborhood of 10 misplaced an animal valued at $100, every neighborhood member would lose the equal of about $10.
By aiding conservation efforts, he added, farmers might stand to reap extra advantages.
“Vacationers around the globe are keen to pay to see endangered species akin to snow leopards of their pure habitats,” Loch-Temzelides mentioned. “And income from ecotourism can profit communities and their residents considerably.”
Whereas Loch-Temzelides’ examine focuses on Pakistan, he hopes neighborhood livestock insurance coverage may be helpful around the globe.
The examine will seem in an upcoming version of the journal Conservation Letters and is on the market on-line at
This information launch may be discovered on-line at news.rice.edu.
Comply with Rice Information and Media Relations on Twitter @RiceUNews.
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