Crop Insurance and Food Security: Evidence from Rice Farmers in Eastern India Thiagu Ranganathan Assistant Professor Economics and Social Sciences Indian Institute of Management (IIM) Nagpur Ambazari Road, Nagpur, Maharashtra, India 440010 Email:
[email protected] Ashok K. Mishra (Corresponding Author) Kemper and Ethel Marley Foundation Chair Morrison School of Agribusiness W. P. Carey School of Business Arizona State University 7271 E Sonoran Arroyo Mall Mesa, AZ 85212 USA Tel: 480-727-1288 | Fax: 480-727-1961 Email:
[email protected] Anjani Kumar Research Fellow International Food Policy Research Institute South Asian Office Dev Prakash Shastri Marg, Pusa New Delhi, India 110012 Email:
[email protected] *Invited Paper prepared for presentation at the 2019 annual meeting of the Allied Social Sciences Association, Atlanta, GA, January 4-6, 2019. Copyright 2019 by Ranganathan, Mishra, and Kumar. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Crop Insurance and Food Security: Evidence from Rice Farmers in Eastern India Abstract The paper explores the spread of crop insurance (CI) in India and analyzes the association of factors affecting the demand for crop insurance. Additionally, using large farm-level survey data from Eastern India, the study assesses CI’s impact on rice yields of smallholder rice producers. The study tests for robustness of the findings after controlling for other covariates and endogeneity. Results indicate CI has a positive and significant impact on rice yields. In particular, the ATET and ATEUT effect of CI on rice yields is about 47%.