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.
via On selling insurance (not lottery tickets) to Africa’s struggling (stargazing) livestock herders–New York Times — ILRI news