In rainfed production systems throughout India, agricultural activities are dependent upon the summer monsoon, and any aberration in monsoon rainfall patterns can have severe consequences for rice production. There is considerable policy interest in designing programs to lower small‐scale farmers’ exposure to these types of risk given the regularity with which adverse monsoon events occur. This paper introduces a field experiment conducted with two risk management options in the state of Odisha: a drought‐tolerant rice cultivar; and a weather index insurance product designed to complement the performance of the cultivar. Uptake rates for the cultivar itself and for the joint product are compared across two years alongside an analysis of factors that predict uptake. Results indicate high levels of demand for both the products, albeit with a significant degree of price sensitivity. But this sensitivity is agnostic to the nature of price reductions, suggesting that public investments that lower the costs of risk management may be sufficient to encourage broad uptake, without necessarily relying upon distortionary subsidies as is so often done. Sustained demand between years one and two is primarily explained where individuals were indemnified in year one and had a large number of peers also purchasing the product.

中文翻译：

---

耐旱稻米，天气指数保险和小农综合风险管理：来自印度多年实地试验的证据。

在印度各地的雨养生产系统中，农业活动取决于夏季风，而季风降雨模式的任何异常都会对水稻生产产生严重影响。鉴于季风不利事件的发生有规律性，在设计计划以降低小农对这类风险的承受力时，政策上有相当大的政策兴趣。本文介绍了在奥里萨邦采用两种风险管理方案进行的田间试验：耐旱水稻品种；以及旨在补充品种性能的天气指数保险产品。在过去两年中，对品种本身和联合产品的吸收率进行了比较，并分析了预测吸收的因素。结果表明，这两种产品的需求量都很高，尽管价格敏感度很高。但是这种敏感性与价格降低的性质，这表明降低风险管理成本的公共投资可能足以鼓励广泛采用，而不必像通常那样依赖扭曲性补贴。第一年和第二年之间的持续需求主要是因为个人在第一年获得了赔偿，并且有很多同龄人也购买了该产品。