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Pricing of Rainfall Index Insurance for Rice and Wheat in Nepal
J. Agr. Sci. Tech
The adverse effect of climate change on agriculture has increased the importance of weather index insurance, particularly in developing countries. By using several econometric models, this study estimated the price and evaluated its effectiveness in rainfall index insurance for rice and wheat in Nepal. Crop yields associated with seasonal rainfall in three crop reporting districts were applied for actuarial estimation. The primary findings suggest that well designed weather index insurance isfatcat:2eizgjd3jbcczngqtgyhci4oo4