Approach to agriculture risk management has extended in the EU and the possibilities of public support for yield risk management have increased. Crop insurance products are supported in EU’s Common Agricultural policy (CAP). The problem in policymaking is finding the balance between crop...

In Finland, there is need for new crop insurance system as the Crop Damage Compensa-tion scheme (CDC) is abolished in 2015. Therefore, the responsibility of farmers, insurance companies and government in case of crop damages and catastrophic events need to be de-fined. We compared CDC data to...

Crop insurance markets are exposed to unpredictable weather conditions. Yield risks are systemic in nature, and public intervention is often a necessity for the functioning private crop insurance markets. Climate change is expected to increase catastrophic weather events and yield volatility....

Government financed crop damage compensation (CDC) scheme is covering crop losses in Finland. The scheme is about to be abolished. Crop insurance scheme based on public–private partnership will be in place in 2016. In this study, we analysed how government expenditure will change due to the...

Purpose – The purpose of this paper is to investigate the demand for crop insurance. Moreover, farmer willingness to pay (WTP) for crop insurance was derived. Factors affecting the demand were also examined in a country where crop insurance products are not currently available. Sensitivity...

Whole-farm income insurances are promoted in the new post-2013 Common Agricultural Policy (CAP). The current Crop Damage Compensation (CDC) scheme in Finland covers crop failure for farmers who have suffered losses and applied for the payments. This paper analyses the use of the Income...

We estimate the landowner response to and fiscal effects of a temporary reduction in capital gains taxes imposed on land sales. The underlying normative decision rules are first derived and solved numerically using stochastic dynamic programming. The landowner preferences and willingness to sell...

In Finland, water conservation policy sets equal incentive regardless of the condition of the environment. Before any policy reform, it is vital to investigate landowners’ tendency for adoption. In this study we were particularly interested in examining the tendency for adoption if the soil...

This paper summarizes information on the importance of the objectives of agriculture and agricultural policies based on previous studies. We focus on studies that examine stakeholder preferences and provide relative weights for the economic, social and environmental dimensions of sustainability....

This study analyses numerically an animal disease insurance scheme and how it could be operationalized. We focus on animal producer’s incentives to choose an insurance policy and on the feasibility of the insurance system as a whole. We develop a simple simulation model where the producer...