Climate, insurance and innovation: the case of drought and innovations in drought-tolerant traits in US agriculture

Ruiqing Miao · 2020 · European Review of Agricultural Economics

Summary. Crop insurance in US agriculture reduces innovation in drought-tolerant traits by approximately 23 percent, despite farmers increasing innovation activities in response to climate variation. Subsidized insurance weakens this adaptive response, potentially undermining long-term agricultural resilience to climate change by discouraging the development of climate-adapted crops.

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Miao, R.. (2020). Climate, insurance and innovation: the case of drought and innovations in drought-tolerant traits in US agriculture. European Review of Agricultural Economics. https://doi.org/10.1093/erae/jbaa010

@article{miao-2020-climate-insurance-innovation-case-drought,
  title   = {Climate, insurance and innovation: the case of drought and innovations in drought-tolerant traits in US agriculture},
  author  = {Ruiqing Miao},
  journal = {European Review of Agricultural Economics},
  year    = {2020},
  doi     = {10.1093/erae/jbaa010},
  url     = {https://doi.org/10.1093/erae/jbaa010}
}

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TI  - Climate, insurance and innovation: the case of drought and innovations in drought-tolerant traits in US agriculture
AU  - Ruiqing Miao
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Details

DOI: 10.1093/erae/jbaa010
Countries: United States
Regions: North America
Categories: agtech, climate-and-environment, policy
Added: 2026-04-28