This study uses household panel data from Malawi's 2010/11 and 2012/13 Integrated Household Panel Survey to investigate the mitigating role of its Farm Input Subsidy Programme (FISP) against the deleterious impacts of negative rainfall shock on households’ welfare in rural Malawi. The study finds that the FISP has a cushioning role on the negative impact of rainfall shocks. The use of a farm input subsidy scheme enables rural households to substantially increase their food consumption and overall food security, despite the increasing threat of climate change. The results of this study highlight the importance of agricultural policy, such as the FISP, in rural households’ mitigation of weather risk.

中文翻译：

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应对负面冲击以及马拉维农村农业投入补贴计划的作用

本研究使用来自马拉维 2010/11 和 2012/13 年综合家庭面板调查的家庭面板数据来调查其农业投入补贴计划 (FISP) 对马拉维农村地区负降雨冲击对家庭福利的有害影响的缓解作用。研究发现，FISP 对降雨冲击的负面影响具有缓冲作用。尽管气候变化的威胁越来越大，但农业投入补贴计划的使用使农村家庭能够大幅增加他们的粮食消费和整体粮食安全。本研究的结果强调了农业政策（例如 FISP）在农村家庭缓解天气风险中的重要性。