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discussion paper

Drought-tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multiyear field experiment in India

This paper provides some of the first empirical evidence on farmers’ demand for two drought risk–management products: a recently released DT rice cultivar and a more comprehensive DT-WII risk–management bundle. The paper makes several noteworthy…

discussion paper

Insuring against droughts: Evidence on agricultural intensification and index insurance demand from a randomized evaluation in rural Bangladesh

It is widely acknowledged that unmitigated risks provide a disincentive for otherwise optimal investments in modern farm inputs. Index insurance provides a means for managing risk without the burdens of asymmetric information and high transaction…