Drought‐tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multi‐year field experiment in India

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dc.creatorWard, Patrick S.
dc.creatorMakhija, Simrin
dc.creatorSpielman, David J.
dc.date2020-01-01
dc.date2024-05-22T12:10:22Z
dc.date2024-05-22T12:10:22Z
dc.date.accessioned2026-06-27T15:37:55Z
dc.descriptionIn rainfed production systems throughout India, agricultural activities are dependent upon the summer monsoon, and any aberration in monsoon rainfall patterns can have severe consequences for rice production. There is considerable policy interest in designing programs to lower small‐scale farmers’ exposure to these types of risk given the regularity with which adverse monsoon events occur. This paper introduces a field experiment conducted with two risk management options in the state of Odisha: a drought‐tolerant rice cultivar; and a weather index insurance product designed to complement the performance of the cultivar. Uptake rates for the cultivar itself and for the joint product are compared across two years alongside an analysis of factors that predict uptake. Results indicate high levels of demand for both the products, albeit with a significant degree of price sensitivity. But this sensitivity is agnostic to the nature of price reductions, suggesting that public investments that lower the costs of risk management may be sufficient to encourage broad uptake, without necessarily relying upon distortionary subsidies as is so often done. Sustained demand between years one and two is primarily explained where individuals were indemnified in year one and had a large number of peers also purchasing the product.
dc.identifierhttps://hdl.handle.net/10568/142364
dc.identifier.urihttp://hdl.handle.net/123456789/110017
dc.languageen
dc.publisherWiley
dc.relationhttps://hdl.handle.net/10568/147493
dc.rightsOpen Access
dc.sourceWard, Patrick S.; Makhija, Simrin; and Spielman, David J. 2020. Drought‐tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multi‐year field experiment in India. Australian Journal of Agricultural and Resource Economics 64(2): 421-454. https://doi.org/10.1111/1467-8489.12342
dc.subjectinsurance
dc.subjectrisk management
dc.subjectmonsoon climate
dc.subjectrice
dc.subjectcapacity development
dc.subjectsmallholders
dc.subjectdrought
dc.subjectdrought tolerance
dc.subjectclimate change
dc.titleDrought‐tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multi‐year field experiment in India
dc.typeJournal Article

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)