Climate change and resource scarcity are projected to increase the intensity and frequency of climate-related shocks, heighten uncertainties in agriculture, and accentuate other risks. In developing economies, agriculture absorbs 63% of the damage and loss caused by climate-related disasters across all economic sectors.1 Developing risk management tools in agriculture is increasingly important for mitigating and diversifying the impact of short-term weather and market risks together with investments in capacity building of food supply chains to absorb, adapt, and transform in response to long-term risks.