I develop and estimate a dynamic stochastic optimization model to assess the impact of weather insurance on the consumption, investment, and welfare of farmers in developing countries. Weather insurance has the potential to provide large welfare gains, equivalent to a permanent increase in...

I develop and estimate a dynamic stochastic optimization model to assess the impact of weather insurance on the consumption, investment, and welfare of farmers in developing countries. Weather insurance has the potential to provide large welfare gains, equivalent to a permanent increase in...

In light of the 2007-2008 global food, fuel and financial crises, ”land grabbing” has attracted media spotlight due to concerns over welfare of farmers in these ”renter” countries, and the secrecy around the content of the deals signed. ”Land grabbing” is farmland's acquisition or...