The authors identify the key issues and concerns that arise in the design and rating of crop yield insurance plans …, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance …, they review risk modeling concepts and provide technical guidelines in the development of crop insurance plans. Finally …

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 … liquidity constraints, basis risk, and loading factor on the insurance premium may account for the low take-up that is often …