How and how well growers manage the risks inherent in agriculture have direct welfare implications for producers and consumers at both local and societal levels. While better weather, pest and disease forecast information are rapidly disseminating among producers and are often touted as...

Index insurance offers an innovative risk management solution for uninsured agricultural weather risk. We investigate the theoretical relationship between prospect theory risk preferences and characteristics of index insurance. We pair these theoretical findings with data from a lab-in-the-field...

This paper addresses the previously unanswered question of whether the private sector might play a future role in developing similar strains through applications of advanced biotechnology, and whether their research and development efforts would benefit poor and vulnerable farmers in...

Weather-related production risks remain one of the most serious constraints to agricultural production in much of the developing world. Financial and technological innovations that mitigate these risks have the potential to greatly benefit farmers in areas prone to such risks. In this study we...