000			nab a22 7a 4500
999			_c63633 _d63625
001			63633
003			MX-TxCIM
005			20210503202331.0
008			200124s2020 xxu|||p|op||| 00| 0 eng d
022			_a0013-0079
022			_a1539-2988 (Online)
024	8		_ahttps://doi.org/10.1086/700632
040			_aMX-TxCIM
041			_aeng
100	1		_910786 _aWard, P.S.
245	1	0	_aDemand for complementary financial and technological tools for managing drought risk
260			_aChicago, IL (USA) : _bUniversity of Chicago Press, _c2020.
500			_aPeer review
520			_aInnovations that mitigate weather-related production risks can potentially benefit farmers in risk-prone areas. We examine two distinct tools for managing drought risk: (1) weather index insurance and (2) a drought-tolerant (DT) rice variety. Although these tools can independently address drought risk, we demonstrate the additional benefits gained by bundling them into a complementary product. Results suggest that farmers are generally unwilling to adopt the DT variety independent of insurance, largely due to a yield penalty under nondrought conditions. When bundled with insurance, however, farmers’ valuation of the variety increases. Farmers value insurance on its own but even more so when it is bundled with the DT variety. We provide evidence that farmers value the complementarities inherent in a well-calibrated bundle of risk management tools.
546			_aText in English
650		7	_2AGROVOC _91996 _aRisk management
650		7	_2AGROVOC _91080 _aDrought
650		7	_2AGROVOC _97591 _aFarmers' attitudes
700	1		_910789 _aOrtega, D.L.
700	1		_9318 _aSpielman, D.J.
700	1		_913975 _aKumar, N.
700	1		_919619 _aMinocha, S.
773	0		_dChicago, IL (USA) : University of Chicago Press, 2020. _gv. 68, no. 2, p. 607-653 _tEconomic Development and Cultural Change _w444494 _x0013-0079
942			_2ddc _cJA _n0