While affordability plays a role, misconceptions about how agricultural insurance works also continue to discourage many from signing up. Myth 1: Agricultural insurance is only for big commercial farmsMany smallholder farmers assume insurance is designed for large mechanised farms with significant capital investments. Several insurers, including the Nigerian Agricultural Insurance Corporation (NAIC), offer products for smallholder farmers. Development programmes supported by governments and donor agencies have also used agricultural insurance to protect small-scale producers. Agricultural insurance usually requires field assessments to determine whether the damage resulted from an insured event.