In many low-income countries, agriculture is mostly rainfed and crop yield highly depends on climatic factors. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and transaction costs. Insurances based on meteorological indices could fill this gap since they do not face such drawbacks. However full-scale implementation has been s...

Information on maximum grain yield and its attributes are limited for double-season rice crop grown under the subtropical environment. This study was conducted to examine key characteristics associated with high yielding double-season rice crop through a comparison between an integrated crop management (ICM) and farmers' practice (FP). Field experiments were conducted in the early and late seas...

In this paper, we have examined the effect of climate variables on the yield average and variability of major grain crops (rice, maize, and wheat) in Iran from 1983 to 2014. For this purpose, we made use of the Just and Pope Production Function crop yields panel data. The results revealed that the influences of climate variables were different in the crops. The time trend positively influenced ...

All agricultural producers face recurring risks, significant among them being production risk. Many factors contribute to production risk, including adverse weather conditions such as drought or floods, fires, insects or pests, and disease. These events can devastate a crop, significantly reducing yield and farmer revenue. Since the only way to completely avoid all production risks is to stop p...

--A catastrophe (CAT) bond is designed for peanut production as a means of transferring natural disaster risks from insurance purveyors to the global capital market. The CAT bond so designed is priced using state-level historical yields for peanut production in the southern part of the United States in the State of Georgia. The index triggering the CAT bond contract was based on percent deviati...

We examine the existence and identify the sources of advantageous selection in the Philippine crop insurance program for corn. Out of the many potential sources considered, we find that using hybrid instead of genetically modified seeds is a source of advantageous selection in this market as farmers who use hybrid seeds purchase more insurance and are also more productive. We also find that far...

The Agricultural Act of 2014 solidified insurance as the cornerstone of U.S. agricultural policy. The Congressional Budget Office (2014) estimates this Act will increase spending on agricultural insurance programs by $5.7 billion to a total of $89.8 billion over the next decade. In 2014, total government liabilities associated with the crop insurance program exceeded $108.5 billion. In light of...