In this paper we price a precipitation option based on empirical weather data from Germany using different pricing methods, among them Burn Analysis, Index Value Simulation and Daily Simulation. For that purpose we develop a daily precipitation model. Moreover, a decorrelation analysis is...

Recent academic discussion regarding crop insurance in developing and transition countries has focused on weather index insurance. But empirical analyses of such schemes based on farm level data cannot be found in the literature, though this insurance type shows clear advantages compared to...

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...

This paper investigates the determinants of rapeseed hail insurance and pesticide use decisions using individualpanel data set of French farms covering the period from 1993 to 2004. Economic theory suggests that insuranceand prevention decisions are not independent due to risk reduction and/or...

We analyze determinants of hail insurance use of Swiss farmers, covering the period 1990-2009 usingFADN panel data. Mixed effect logistic regression models are estimated to identify the most importantfarm and farmer characteristics that determine insurance use. In addition, information on local...

The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...

Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...

A gestão dos resultados das atividades agropecuárias tem se tornado um constante desafio para os empresários rurais e a sua mensuração é imprescindível para o planejamento e análises de desempenho. No caso do mercado do boi gordo não tem sido diferente, principalmente, no que se refere...

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Currently France wants to introduce a weather risk management framework intoits agricultural policy for livestock farming. The aim of this paper is to better understand howon-farm risk reducing strategies modify the production system and profit distribution ofFrench suckler cow enterprises. We...