Like other agricultural products, food legumes production faces uncertainty risks stemming from climate change, which may affect yields and consequently impact farmers' livelihoods. Agricultural insurance serves as one of the climate change adaptation measures available to farmers, helping...

This study examines whether receiving anticipatory cash transfers during an extreme winter affects households’ demand for index-based livestock insurance. We exploit a randomized field experiment conducted during the 2020/21 winter disaster in western Mongolia and combine household panel...

Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall as a measure of covariate shocks? The imperfect...