Financial Innovation among Smallholder Farmers: Enhancing the uptake of Weather Index Insurance through a Pragmatic Approach

Advances in innovation around financial instruments over the decades have promoted a response to improved development of agriculture products and services sector, allowing, some lesser extent, introduction testing these poor rural farmers. However, years, sector has faced challenges from climate change, resulting production productivity for Therefore, study considered extent which smallholder farmers were willing uptake adopt innovations such as weather insurance index edging technology. The technologies several factors. According Rodgers, technology diffusion theory, five elements need be considered: compatibility, relative advantage, complexity, observability, trialability. To achieve this objective, we conducted mixed-method targeting 252 Choma district Southern province Zambia. Using well-structured questionnaires, survey randomly but purposively selected interviewed. was cross-section 2014 2020 help establish impact throughout years. An IBM statistical analysis social science (SPSS) used analyze quantitative data, thematic qualitative data. established that with is combination factors implemented if adapt technologies. theory explains are supposed paid attention pushed onto agricultural markets. found 34.9% unaware provision through government initiatives or not. This research, therefore, informs national policymakers, farmers, researchers, educators on index. It similarly provides evidence it suggests way forward issues "best practices marketing, distribution, education, product design extent."