Investigations were carried out to study how plant production enterprises operating in the West-Transdanubian region of Hungary relate to risk management; how they view, in terms of risk factors, the production, market, financial, technological, legal and human elements affecting production....

The study introduces an ex-ante evaluation concept into the analysis of weather-based index insurance effectiveness. We conduct our ex ante analysis by distinguishing between two consecutive periods: the first period is used for determining insurance parameters and optimal number of insurance...

High losses generated by natural catastrophes reduce the availability of insurance. Among the ways to manage risk, the subscriptions of participating and non-participating contracts respectively permit to implement the two major principles in risk allocation: the mutuality and the transfer...

In agriculture, there is need for a deeper analysis of management of climate risks, because the farmers appear to have a paradoxical position: they perceived that they are strongly exposed to climate risks but, they do not want to pay for adapted tools, arguing that this is too expensive or...

A theoretical optimal hedging model is developed to determine potential demand from Australian farmers for a hedging tool to remove the economic consequences of climate related variability in wheat yield. In the past, financial instruments have been developed to hedge price risk on capital...

In eastern Switzerland there is a substantial weather risk during the wheat harvest. Increasing the number of available combine harvesters reduces harvest losses due to bad weather conditions, whilst increasing machinery costs. Simulating weather risk, we analyse harvest losses and machinery...

Agricultural producers throughout much of the United States experienced one of the most severe droughts in the last 100 years during the years 1999-2006. The prolonged nature of this drought highlights a need to better understand the impacts and management of drought across growing seasons,...

Climate Change is expected to improve crop production conditions significantly in northern Europe. In some studies a significant increase in agricultural production is expected in northern Europe while drought is becoming gradually more severe in Southern Europe and France due to climate change....

Climate change with increasing climate variability is likely to alter risks in agricultural production. The effectiveness of using weather derivatives to hedge against drought risks for rain-fed grain maize production was investigated for current (1981-2003) and future (2070- 2100) climates in...

To develop weather insurance, GROUPAMA builds a general model of agronomic crop yield density function. This approach is applied for cereal, industrial products, wine and fruits. From the density function, weather risk premium is computed. The wine-producing practices disturb our approach of...