Risk, crop yields, and weather index insurance in village India

  • Michler J
  • Viens F
  • Shively G
N/ACitations
Citations of this article
8Readers
Mendeley users who have this article in their library.

Abstract

We investigate the sources of variability in crop yields and their relative importance in the context of weather index insurance for smallholder farmers in India. Using parcel‐level panel data, multilevel modeling, and Bayesian methods we measure how large a role seasonal variation in weather plays in explaining yield variance. Seasonal variation in weather accounts for 14%–22% of total variance in crop yields, a value that has rarely been convincingly estimated in the economics literature. These calculations shed light on the relatively low rates of uptake of index insurance by resource‐constrained farmers. The results also provide direction for designing more suitable index insurance products.

Cite

CITATION STYLE

APA

Michler, J. D., Viens, F. G., & Shively, G. E. (2022). Risk, crop yields, and weather index insurance in village India. Journal of the Agricultural and Applied Economics Association, 1(1), 61–81. https://doi.org/10.1002/jaa2.9

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free