Wetterindexversicherungen stellen innovative Risikomanagementinstrumente dar und weisen gegenüber herkömmlichen Versicherungen den Vorteil geringer Administrations- und Regulierungskosten auf. Darüber hinaus entstehen keine Moral-Hazard- und Adverse-Selection-Probleme. In der Landwirtschaft...

Nach allen demografischen Prognosen wird die produktive Bevölkerung in Deutschland stark sinken. Damit stellt sich für die Landwirtschaft die Frage, wie in der Zukunft eine ausreichende Versorgung mit qualifizierten Kräften gewährleistet werden kann. Vor diesem Hintergrund ha-ben wir Fach-...

Financial institutions still neglect to address agricultural clients. The main reasons for that are their perception that farmers bear higher risks than non-farmers and that their loan products are inadequate to accommodate the needs of agricultural entrepreneurs. As a result, many farmers still...

To date, studies dealing with the impact assessment of changing irrigation policies predominately rely on normative rational choice models that are subject to rather restrictive assumptions such as profit-maximizing behavior. However, there is increasing evidence that decision makers pursue...

This paper analyses the influencing factors of farmers' use of price hedging instruments (PHIs) based upon a discrete choice experiment with German grain farmers. A mixed logit model is used to determine whether farmers' choices of PHIs against cash sales are influenced by their price...

Extreme weather events pose an economic threat to farms. The risk management behaviour against such events is often studied using prospect theory as a framework, but empirically deriving corresponding parameters in the field involving farmers is challenging. To address this issue, we compare...