Insurance that pays out when forage coverage drops—known as index-based livestock insurance—is an elegant idea. Andrew Mude, an economist and principal scientist at ILRI, last month was awarded the Norman Borlaug Award for Field Research and Application. The award, a major prize in agricultural research, is given by the World Food Prize Foundation and financed by the Rockefeller Foundation. Tina Rosenberg covers the story in the New York Times.
