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ABSTRACT
The impact of agricultural insurance in Nigeria is the focus of this study project. The study employed an ex-post-facto research strategy. The Ordinary least square (OLS) was the method of analysis employed in this study from 2000 to 2021. The findings revealed that agriculture insurance claims, agriculture insurance reserves and insurance penetration rate have no significant influence on gross domestic product in Nigeria. Based on the findings of the study it was concluded that agriculture insurance has minimal influence on credit given to farmers. The market for agricultural insurance thus has a long way to go before it can be considered economically significant. Thus, this study recommends that pilot processes should be employed to gradually grow farmers into participation in agricultural insurance. With this, more farmers will be able to see the value in agricultural insurance.
