How farmers may benefit from new way of paying for pesticides.

Paying for pesticides and seed based on the yield responses seen in the field could help farmers manage some of the risks of growing crops and trying out new technologies. Sam Eathington, an Illinois farmer and the chief science officer of the Climate Corporation, sees it as a way of helping farmers to try new crop inputs or hybrids while reducing the downside risk. Or farmers can pay more an acre to gain greater risk protection and they can vary the amount shared in extra return, up to a maximum cap. [Extracted from the article]