New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India
In this paper we explore the potential for a new approach to managing drought risk among rainfed rice producers in Odisha, India. Droughts have historically been a serious constraint to agricultural production in rainfed agricultural systems, with droughts resulting in significant reductions in both...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2016
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/148053 |
| _version_ | 1855528648809906176 |
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| author | Ward, Patrick S. Makhija, Simrin |
| author_browse | Makhija, Simrin Ward, Patrick S. |
| author_facet | Ward, Patrick S. Makhija, Simrin |
| author_sort | Ward, Patrick S. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In this paper we explore the potential for a new approach to managing drought risk among rainfed rice producers in Odisha, India. Droughts have historically been a serious constraint to agricultural production in rainfed agricultural systems, with droughts resulting in significant reductions in both yields and cultivated area, in turn leading to significant impacts on rural livelihoods and food security. Scientists and policy makers have proposed various strategies for managing risks, with limited success. In this study we consider two such strategies, specifically drought-tolerant rice and weather index insurance. While neither drought-tolerant cultivars nor weather index insurance products are perfect solutions for adequately managing drought risk in and of themselves, there is scope to exploit the benefits of each and bundle them into a complementary risk management product, specifically through proper index calibration and an optimized insurance design. In this study, we explore preferences for such a complementary risk management product using discrete choice experiments in Odisha, India. We are able to estimate the added value that farmers perceive in the bundled product above and beyond the value associated with each of the independent products. We also show that valuations are sensitive to the basis risk implied by the insurance product, with farmers less enthusiastic about risk management products that leave significant risks uninsured. |
| format | Artículo preliminar |
| id | CGSpace148053 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1480532025-11-06T06:34:23Z New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India Ward, Patrick S. Makhija, Simrin insurance agricultural policies rice weather index insurance drought drought tolerance risk rainfed farming In this paper we explore the potential for a new approach to managing drought risk among rainfed rice producers in Odisha, India. Droughts have historically been a serious constraint to agricultural production in rainfed agricultural systems, with droughts resulting in significant reductions in both yields and cultivated area, in turn leading to significant impacts on rural livelihoods and food security. Scientists and policy makers have proposed various strategies for managing risks, with limited success. In this study we consider two such strategies, specifically drought-tolerant rice and weather index insurance. While neither drought-tolerant cultivars nor weather index insurance products are perfect solutions for adequately managing drought risk in and of themselves, there is scope to exploit the benefits of each and bundle them into a complementary risk management product, specifically through proper index calibration and an optimized insurance design. In this study, we explore preferences for such a complementary risk management product using discrete choice experiments in Odisha, India. We are able to estimate the added value that farmers perceive in the bundled product above and beyond the value associated with each of the independent products. We also show that valuations are sensitive to the basis risk implied by the insurance product, with farmers less enthusiastic about risk management products that leave significant risks uninsured. 2016-10-05 2024-06-21T09:23:44Z 2024-06-21T09:23:44Z Working Paper https://hdl.handle.net/10568/148053 en https://hdl.handle.net/10568/151317 https://hdl.handle.net/10568/151413 Open Access application/pdf International Food Policy Research Institute Ward, Patrick S. and Makhija, Simrin. 2016. New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India. IFPRI Discussion Paper 1563. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/148053 |
| spellingShingle | insurance agricultural policies rice weather index insurance drought drought tolerance risk rainfed farming Ward, Patrick S. Makhija, Simrin New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title | New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title_full | New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title_fullStr | New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title_full_unstemmed | New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title_short | New modalities for managing drought risk in rainfed agriculture: Evidence from a discrete choice experiment in Odisha, India |
| title_sort | new modalities for managing drought risk in rainfed agriculture evidence from a discrete choice experiment in odisha india |
| topic | insurance agricultural policies rice weather index insurance drought drought tolerance risk rainfed farming |
| url | https://hdl.handle.net/10568/148053 |
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