realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …-invest, by a factor of three, when we compare actual levels of investments to the optimal investment level that maximizes …

realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …-invest, by a factor of three, when we compare actual levels of investments to the optimal investment level that maximizes …

leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …

leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …

strong, and insurance leads to significantly larger agricultural investment and riskier production choices in agriculture …The investment decisions of small-scale farmers in developing countries are conditioned by the farmers’ financial … environment. Binding credit-market constraints and incomplete insurance can reduce investment in activities with high expected …

as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …