drought, the most damaging natural disaster for crops and food-company cash flows. We show that prolonged drought in a country …, measured by the Palmer Drought Severity Index (PDSI) from climate studies, forecasts both declines in profitability ratios and … poor stock returns for food companies in that country. A portfolio short food stocks of countries in drought and long those …

We study how the availability of credit shapes adaptation to a climatic shock, specifically, the long 1950s US drought …. We find that bank lending, net immigration, and population growth decline sharply in drought exposed areas with limited … initial access to bank finance. In contrast, agricultural investment and long-run productivity increase more in drought …

-running index-based livestock insurance contract in Northern Kenya. We show that compared to the currently employed administrative …

selection, and reduction in drought-related insurance payouts. To do so, we create a novel data set derived from a deep learning … model capable of automatically identifying the location of CPIS during drought years along with annual county level crop … to more water intensive crops, or an expansion of cropland. However, in drought years CPIS presence does have a …

historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes … relationship between these indexes and sensitive indicators of financial stress. The drought indexes were devised by climate …

environmental crises in North America in the 20th Century. Severe drought and wind erosion hit the Great Plains in 1930 and lasted …

In the context of recent California drought years, we investigate empirically whether consumers are willing to pay for … cents per gallon of water saved on average. Moreover, informing consumers about the drought severity increases the WTP for …