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Changing weather patterns have left farmers in less-developed countries vulnerable to crop losses. (Photo: Thinkstock)

In less-developed countries, a single season of drought can lead to crop losses that threaten the livelihoods of tens of thousands of small farmers.

While agricultural insurance could help, most traditional policies are too expensive for farmers in these countries. Groups such as the International Fund for Agricultural Development have sought to create index-based insurance options that pay out for losses based on an independent, objective measure linked to crop yield.

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