| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Evaluation of an index-based risk management contract for agricultural activities
|
| Autores: |
Weynants, Stephanie
Gaspart, Frederic
Frahan, Bruno Henry de
|
| Data: |
2012-02-23
|
| Ano: |
2012
|
| Palavras-chave: |
Agricultural risk management
Index insurance
Financial contract
Belgium
Risk and Uncertainty
D81
Q12
Q18
|
| Resumo: |
This paper proposes and evaluates area index-based financial contracts for specific farm activities. These financial contracts allow not only for removing moral hazard and adverse selection as index insurances do, but also for adding more flexibility and, hence, better risk protection. The evaluation of these financial contracts uses FADN farm data of Belgium from 1990 to 2007. Area indexes based on yield and yield-in-value perform well in stabilising revenues from some farm activities, but badly from some others. The variation in the estimated actuarially fair premiums across agricultural area shows the importance of designing those financial contracts according to homogenous agricultural area.
|
| Tipo: |
Presentation
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/122483
|
| Relação: |
European Association of Agricultural Economists>123rd Seminar, February 23-24, 2012, Dublin Ireland
|
| Formato: |
14
|
|
