Demand for Complementary Financial and Technological Tools for Managing Drought Risk: Evidence from Rice Farmers in Bangladesh

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dc.creatorWard, Patrick S.
dc.creatorSpielman, David J.
dc.creatorOrtega, David L.
dc.creatorKumar, Neha
dc.creatorMinocha, Sumedha
dc.date2015-07-28
dc.date2024-08-01T02:56:39Z
dc.date2024-08-01T02:56:39Z
dc.date.accessioned2026-06-27T15:26:44Z
dc.descriptionFinancial and technological innovations that mitigate weather-related production risks have the potential to greatly benefit farmers in many risk-prone. In this study we examine farmers’ preferences for two distinct tools that allow them to manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these tools can independently address drought risk and demonstrate the additional benefits gained by combining them into a complementary risk management product. Findings indicate that farmers are generally unwilling to adopt the drought-tolerant variety independent of insurance, largely due to a yield penalty under non-drought conditions. When bundled with insurance, however, farmers’ valuation of the variety increases. Farmers value insurance on its own, but even more so when bundled with the drought-tolerant variety. The results provide evidence that farmers value the complementarities inherent in a well-calibrated bundle of risk management tools. Ward, Patrick S.; Spielman, David J.; Ortega, David L.; Kumar, Neha; Minocha, Sumedha
dc.identifierhttps://hdl.handle.net/10568/151319
dc.identifier.urihttp://hdl.handle.net/123456789/104596
dc.languageen
dc.relationhttp://purl.umn.edu/211909
dc.relationhttps://doi.org/10.1086/700632
dc.relationhttps://hdl.handle.net/10568/151317
dc.rightsOpen Access
dc.sourceWard, Patrick S.; Spielman, David J.; Ortega, David L.; Kumar, Neha; and Minocha, Sumedha. 2015. Demand for Complementary Financial and Technological Tools for Managing Drought Risk: Evidence from Rice Farmers in Bangladesh. Presented at Agricultural and Applied Economics Association 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California. https://purl.umn.edu/204882
dc.subjectinsurance
dc.subjectseeds
dc.subjectrice
dc.subjectdrought tolerance
dc.subjectexperimental design
dc.subjectrisk
dc.titleDemand for Complementary Financial and Technological Tools for Managing Drought Risk: Evidence from Rice Farmers in Bangladesh
dc.typeConference Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)