Index-based weather insurances are innovative tools for mitigating weather risks in agriculture.Several donor agencies and development organisations are investing substantially topropagate these programmes in developing countries. However, often due to high basis risks,these products mitigate...

The optimisation of production plans is an important topic in agriculture, often related to diversificationand specialisation as the classical instruments of coping with production risk. Althoughthe measurement of embedded risk is often inaccurate, it is nevertheless necessary for decisionmaking...

The risks associated with farming activities are likely to increase in the future. It, therefore, appears worthwhile to analyse new risk management instruments. This paper investigates weather derivatives for which a market has already emerged in the USA. Contrary to traditional financial...

This paper investigates the farm level impacts of multiple peril yield and revenue insurance in an expected value-variance framework. The analysis is conducted using stochastic simulation jointly with numerical optimisation. Simulation is used to compute the means and variances of revenues as...

Recent and presumable future developments tend to increase the risk associated with farming activities. This causes an increasing importance of risk management. Farmers have a wide variety of possibilities to influence the risk exposure of their operations. Among them are the choice of the...

Bioeconomic farm models have been very instrumental in capturing the technical aspects of human-nature interactions and in highlighting the economic consequences of resource use changes. They may elucidate the tradeoffs that farm households face in crop choice and farming practices, assess the...

Litchi is an important crop in the mountainous part of northern Thailand yet its profitability has declined during the last 15 years. The replacement of litchi fruit orchards for seasonal flowers and vegetables has external costs related to increased levels of soil erosion, pesticides, and...