Weather risk is one of the main causes for income fluctuation in agriculture. Since 1997, the economic consequences of weather risk can be insured with weather derivatives, which are offered for many different weather events, such as temperature, rainfall, snow or hurricanes. It is well known...

Starting point of our analysis is that independent privately owned farm organisations in transition countries like Hungary can not countervail the market power of their business partners; therefore closer coordination (integration) of agricultural producers seems an appropriate solution. Apart...