This paper analyses the optimal hedging decisions for risk-averse producers facing crop risk, assuming crop yield … derived. The individual crop risk is shown usually to contain a large systemic component. These new hedging instruments are …

determining risk in the agricultural sector. Drought, heat stress, flood, market volatility among the others, have caused heavy … that have been taken to reduce economic losses for Italian farmers. We also tried to highlight the difference between risk …

Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … at a national scale. Thus the possibility to reduce risk exposure by increasing the trading area of the insurance is … diversification effects considerably. -- Weather risk ; crop insurance ; copula …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …