Jun 25, 2019
Designing weather index insurance of crops for the increased satisfaction of farmers, industry and the government | PreventionWeb
Weather-based crop insurance is a powerful tool for stabilizing farmers’ income by providing timely payouts directly linked with weather parameters. However, its performance can be marred by faulty design, leading to high basis risk and insufficient payouts. New paper presents a new methodology for contract design for weather-based insurance, field tested in India.