Theoretically, weather-index insurance is an effective risk reduction option for small-scale farmers in low income countries. Renewed policy and donor emphasis on bridging gender gaps in development also emphasizes the potential social safety net benefits that weather-index insurance could bring to women farmers who are disproportionately vulnerable to climate change risk and have low adaptive ...

Weather is a key source of income risk, particularly in emerging market economies. This paper uses a randomized controlled trial involving a sample of Indian farmers to study how an innovative rainfall insurance product affects production decisions. We find that insurance provision induces farmers—particularly educated farmers—to shift production toward higherreturn but higher-risk cash crops. ...

Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the product offered a payout ...

Indemnifying smallholder farmers against crop loss is thought to be infeasible due to information problems. Consequently there is interest in developing alternative, partial, insurance products. Examples include rainfall insurance and the limited liability inherent in credit contracts. I argue that while these products may reduce information asymmetry, ambiguity averse farmers struggle to asses...

Agro-meteorological index insurance is an innovative agricultural insurance product that has solved problems of conventional agricultural insurances including excessive cost and moral hazard. Agro-meteorological index insurance has become an effective agricultural insurance scheme. This paper primarily uses meteorological data and winter wheat yield data in the Jiangsu Province for the last 35 ...

We revisit longstanding controversies regarding summer-mean relationships among the all-India rainfall index (AIRI), sub-India rainfall, El Niño-Southern Oscillation (ENSO), and Indian Ocean dipole (IOD) using 120-year sea surface temperature high-resolution datasets. AIRI closely tracks with spatial extent of wet anomalies average across grid points in rainy day count. The leading variability ...

This article presents long-term analyzed climate data from nine weather stations in eastern and southeastern parts of Ethiopia. At the outset of this data process, unrefined meteorological data was obtained from National Meteorological Agency (NMA) of Ethiopia for the analysis. The analyzed data in this article shows patterns of rainfall variability, frequency of drought years, seasonal concent...