Weather insurance within the agricultural sector has been limited by the difficulty in defining the appropriate weather event and in pricing the product. We develop a new pricing method for weather insurance under situations where returns depend not only on the occurrence of the weather event,...

We introduce a method for properly attributing observed productivity and risk changes among new production methods, farmers, and plots by controlling for farmer and plot heterogeneity. Results from Madagascar show that the new system of rice intensification (SRI) is indeed a superior technology....