Farmers’ perception of climate change and willingness to pay for weather-index insurance in Bahunepati, Nepal

This paper is a pioneering study of investigating effects of farmers’ perception of climate change on their willingness to pay (WTP) for a weather-index crop insurance in Nepal. We use contingent valuation data collected from a primary household survey conducted in Bahunepati, Nepal to examine the topic. The research improves on the previous literature by analyzing two crop insurance products which incorporate both crop and livestock.