To promote biodiversity, a diverse landscape is necessary. Structural change in agriculture and increasing cost pressure have led to the trend of fewer farms and larger farming units with less diversity. Reversing this trend is a societal task that requires a willingness to make sacrifices. For...

Much of the land economics literature has largely ignored the spatial nature of competition and related differences between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial competition framework. We demonstrate that price...

It is well known that the hedging effectiveness of weather derivatives is interfered by the existence of geographical basis risk, i.e., the deviation of weather conditions at different locations. In this paper, we explore how geographical basis risk of rainfall based derivatives can be reduced...

It is frequently stated that price risk in European agriculture in-creases due to the liberalization of formerly regulated markets. This argument is used to motivate the necessity of risk manage-ment and income stabilization for farms. Against this background we empirically investigate the price...