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Agricultural Mechanism of Spreading Catastrophe Risk in China and Legislation Conception AgEcon
Li, Xu-dong; Sun, Yao-wei.
This paper introduces agricultural catastrophe and its characteristics, and conducts comparative analysis on existing mechanism of spreading agricultural catastrophe risk, indicating that the mechanism of administrative remedy has the greatest efficiency and highest cost; the mechanism of social assistance has the lowest cost, but its efficiency is lowest and there are unstable factors; market mechanism, namely the insurance of agricultural catastrophe, is the rational choice of agricultural department in mechanism of risk spreading. This paper analyzes the status quo of China’s insurance of agricultural catastrophe, indicating that the main body of management in China’s insurance of agricultural catastrophe is missing. In addition, the market demand is...
Tipo: Journal Article Palavras-chave: Agricultural catastrophe; Spreading mechanism; Agricultural insurance; Legislation; China; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/113475
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Agricultural risk management in Europe AgEcon
Bielza, Maria; Stroblmair, Josef; Gallego, Javier; Conte, Costanza G.; Dittmann, Christoph.
Replaced with revised version of paper 11/18/08
Tipo: Conference Paper or Presentation Palavras-chave: Risk management policy; Agricultural insurance; Calamity funds; Ad-hoc aids; Natural disaster; Production Economics; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/9252
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Evaluating the Potential of Whole-Farm Insurance Over Crop-Specific Insurance Policies AgEcon
Bielza, Maria; Garrido, Alberto.
Since 1996, different formats of whole-farm insurance (WFI) have been launched in North America and Spain. Their rationale is to pool all farm's insurable risks into a single policy that provides cheaper coverage against the farm's revenue losses. We evaluate the gains of moving from a situation of full insurance coverage delivered by crop-specific policies to WFI. Based on the records of individual farmers gathered by the Spanish Agricultural Insurance Agency (ENESA), we select two representative farms in Valencia that have consistently purchased insurance during 1993-2004 for three crops (apricots, plums and wine grapes). WFI is designed to deliver exactly the same expected revenue than does the combined effects of three crop-specific multiple-peril...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural insurance; Whole-farm insurance; Simulation; Crop risks; Spanish agriculture; Risk and Uncertainty; Q14; G; Q18.
Ano: 2006 URL: http://purl.umn.edu/25421
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El nuevo seguro de ingresos de la patata: una evaluacion preliminar AgEcon
Estavillo, Julio; Aguado, Salomon; Bielza, Maria; Garrido, Alberto; Sumpsi, Jose Maria.
En 2003 y 2004, se ofreció por primera vez en España un seguro que protege contra la caída de precios en origen de un producto agrícola. Se trata de un seguro de rentas lanzado con carácter piloto para las producciones de patata de media estación y patata tardía en cinco provincias españolas (Álava, Burgos, La Rioja, León y Valladolid). El objetivo de este trabajo es describir las características del seguro y realizar una evaluación preliminar de las campañas en que ha funcionado. Se parte de una aproximación conceptual a los instrumentos de gestión de riesgos de mercado, en cuyo contexto se enmarca el presente seguro. Posteriormente se explica el modelo de precios empleado para definir los precios de referencia del mercado y las primas, contrastando la...
Tipo: Journal Article Palavras-chave: Price risk; Agricultural insurance; Revenue insurance; Potato market; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/28767
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Construction of the legal system of agricultural insurance in China AgEcon
Wang, Zi-yan.
This paper expatiates the conception and property of agricultural insurance, and introduces the features and legislation principle of agricultural insurance. Finally, suggestions on how to perfect the legal system of agricultural insurance are put forward.
Tipo: Thesis or Dissertation Palavras-chave: Agricultural insurance; Legal system; Construction; Agricultural Finance; Community/Rural/Urban Development; Financial Economics.
Ano: 2009 URL: http://purl.umn.edu/53473
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Research on Interactive Relationship between Agricultural Insurance and Rural Financial Development in Central and Western Regions AgEcon
Gao, Chunling.
By selecting the panel data from 2001 to 2008 in central and western regions, I adopt the methods of covariance analysis test, Hausman test, panel unit root test and co-integration test to conduct empirical research on the interactive relationship between agricultural insurance and rural financial development in central and western regions. The results show that there is a long-term balanced and interactive causal relationship between agricultural insurance and rural financial development in central and western regions. The agricultural insurance in western regions is the cause or rural financial development, while such relationship in central regions is not tenable. There is an interactive promotion relationship between agricultural insurance and rural...
Tipo: Journal Article Palavras-chave: Agricultural insurance; Rural finance; Co-integration test; China; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/117427
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El seguro de ingresos como instrumento de estabilizacion de las rentas de los agricultores: aplicacion al sector olivarero espanol AgEcon
Bielza, Maria; Garrido, Alberto; Sumpsi, Jose Maria.
RESUMEN: En este artículo se analizan un conjunto de políticas de estabilización de los ingresos de los productores olivareros españoles, entre las que se incluyen seguros de rendimientos e ingresos. En teoría y bajo ciertos supuestos, la estabilización de los ingresos con un seguro de ingresos se puede lograr a un coste inferior al uso combinado de seguros de rendimientos y un seguro de precios. Tras revisar algunas experiencias con seguros de ingresos, se desarrolla una aplicación para comparar, desde la doble perspectiva de eficacia en el gasto público y de reducción de riesgos, distintas políticas de intervención en el sector olivarero, incluyendo las de los pagos actuales, ayuda al árbol, seguro de rendimientos actual y un seguro de ingresos. Los...
Tipo: Journal Article Palavras-chave: Agricultural insurance; Revenue insurance; Agricultural policy; Farm Management; Risk and Uncertainty; Q18; Q10.
Ano: 2002 URL: http://purl.umn.edu/28753
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The Application and Modification of Delegation - Agent Model in Agricultural Insurance AgEcon
Xue, Hai-Lian; Zhang, Hai-Xia.
The delegation-agent models in agricultural assurance are established both under the circumstances of information symmetry and information asymmetry. Insurers choose effort level —a* according to the first order optimal condition of at the present stage when the information is symmetric. While the information is asymmetric, the first order optimal condition changed into . In other words, the higher the output, the more and more income of insured. The paper also modifies the models, when the information is symmetric, the insurers determine the effort level of insured—a* based on the first order optimal condition of ; to the contrary, the first order optimal condition would change into . The results show that the insured and the insurers would both benefit...
Tipo: Journal Article Palavras-chave: Agricultural insurance; Delegation-agent model; Moral hazard; Modification; China; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/97627
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Revisiting the demand of agricultural insurance: The case of Spain AgEcon
Garrido, Alberto; Zilberman, David.
We use the actual insurance records of 52,300 farmers and 11 years to estimate two sets of insurance demands. We define measures of insurance's expected returns, variance and third moment, based on observed insurance data, and infer the expected returns for those farmers that have never had an indemnity. We estimate several probit models and count models for the insuring vs non-insuring strategies, in which the economic returns of insurance and its two measures of dispersion enter as explanatory variables. Results show that farmers' insurance strategies are largely explained by their actual insurance experience as captured by these three variables. Individuals with loss rations greater than 1 do not show more responsiveness that those facing more balanced...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural insurance; Insurance demand models; Spain; Risk and Uncertainty; G22; Q12; Q14.
Ano: 2007 URL: http://purl.umn.edu/9266
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Reinsuring Group Revenue Insurance with Exchange-Provided Revenue Contracts AgEcon
Babcock, Bruce A.; Hayes, Dermot J.; Griffin, Steven C..
Building on recent work by Mirand and Glauber (1997), this report shows that it is feasible to use exchange-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract, which would allow producers to guarantee against reductions in county-level revenues. The insurance company would then purchase put options on an exchange-based revenue contract to protect against statewide revenue shortfalls. The analysis suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of reinsurance needed would not...
Tipo: Working or Discussion Paper Palavras-chave: Exchange-based revenue; Agricultural insurance; Reinsurance; Risk management; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/18408
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Factors that Affect Farmers’ Behaviors on Participating in Policy-Oriented Agricultural Insurance in the Pilot Area - A Case of Insurance on Apple in Luochuan County, Shaanxi Province AgEcon
Li, Xiao-qiao.
Taking Luochuan County of Shaanxi Province as an example ,the factors that affect farmers’ behaviors on participating in insurance is analyzed and evaluated according to the questionnaires and by selecting the indexes covering household features, agricultural production risks, the attitudes of rural households towards risks and the transaction cost of participating insurance and by using Logistic regression model. The results show that comparing with insurance company, the government has larger influence on farmers’ behaviors on participating insurance; the premium of agricultural insurance does not obstruct farmers’ participation in insurance; the bad-handled relations between the government and insurance company have bad effects on the development of...
Tipo: Journal Article Palavras-chave: Agricultural insurance; Behaviors on participating agricultural insurance; Attitudes towards risks; Transaction costs; China; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/113425
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Researches on Agricultural Cooperative Economic Organization Promoting Agricultural Insurance Development AgEcon
Wang, Xiu-fen; Li, Mao-song.
The advantages of cooperative economic organization being the effective carrier of agricultural insurance development are analyzed. Firstly, cooperative economic organization promotes scale management and solves the problem of decentralized operation of small households. Secondly, cooperative economic organization can settle the problem of peasants' low systematization. Thirdly, cooperative economic organization can largely reduce the costs of agricultural insurance operation. Fourthly, cooperative organization decreases moral risks as well as adverse selection to some extent. Lastly, cooperative organization, to a certain degree, reduces the risks of agricultural production and increases the insurability of agricultural risks. Meanwhile limitations of...
Tipo: Article Palavras-chave: Cooperative economic organization; Agricultural insurance; Development; China; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/119706
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Willingness of Sri Lankan Farmers to pay for a Scheme to Conserve Elephants: An Empirical Analysis AgEcon
Bandara, Ranjith; Tisdell, Clement A..
This paper explores the feasibility of adopting an integrated economic approach to raise farmers’ tolerance of the presence of elephants on their farming lands. Responses to this approach were sought from a sample of farmers in the areas affected by human elephant conflict in the northwestern province of Sri Lanka. Results from a contingent valuation survey of their willingness to pay for a scheme to conserve elephants are also reported. Two separate logit regression analyses were undertaken to examine the factors that influence the farmers’ responses for the payment principle question and their opinions on the integrated economic approach. Although found that the majority of the respondents expressed their willingness to pay for the proposed scheme and...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural pest; Agricultural insurance; Asian elephant; Economic valuation; Elephas maximus; Farmers’ wildlife attitudes; Human-elephant conflict; Wildlife conservation; Environmental Economics and Policy; Land Economics/Use; Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/48954
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A experiência norte-americana com o seguro agrícola: lições ao Brasil? AgEcon
Guimaraes, Marcelo Fernandes; Nogueira, Jorge Madeira.
Agricultural insurance is considered to be an effective to manage rural risks. Surprisingly, its adoption by farmers is very limited all over the world. An outstanding exception is the United States of America, country in which this instrument has achieved remarkable success. Nevertheless, the process of diffusion of agricultural insurance in the USA was slow and expensive. It has also required significant government intervention through a variety of complementary actions. In this context, countries willing to introduce this instrument among other agricultural policy tools, as it seems the case of Brazil, should proceed with caution. Agricultural insurance success has important pre-requisites and its general diffusion may amplify its problems. The analysis...
Tipo: Journal Article Palavras-chave: Rural risk management; Agricultural insurance; North American agricultural policies.; Agribusiness; Q18; Q12.
Ano: 2009 URL: http://purl.umn.edu/60814
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Predicament and development of agricultural insurance in China AgEcon
Tian, Ai-jun.
Starting from the predicament for agricultural insurance development in China, we use the principle of economics and game theory to analyze the causation of the difficulty in developing agricultural insurance based on apprehending the connotation of agricultural insurance. And related countermeasures and suggestions on how to get through difficult situation and revitalize agricultural insurance are put forward.
Tipo: Thesis or Dissertation Palavras-chave: Agricultural insurance; Shrinking; Innovation; China; Agricultural Finance; Financial Economics; Labor and Human Capital; Land Economics/Use; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/53472
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Situation of livestock insurance in the region of Ghardaia (Algerian Northern Sahara) CIGR Journal
BENSAHA, Hocine.
Agricultural insurance is one of the important tools that help farmers gain access to appropriate financial services in support of agricultural production and to face some of the involved risks. The present article presents a detailed evaluation of the functioning system of the agricultural insurance system. Assessing the participation of the Algerian Caisse de Mutualité Agricole, in the current rate of agricultural development. This institution of agricultural mutuality, with its national fund and its regional mutuals, is likely to be affected by several changes or even to be surpassed by other companies competing on the insurance market. An analysis was conducted in insurance companies and farmers to probe the reality on the ground and identify...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Agricultural insurance; Participation; Development; Saharan regions; Algeria.
Ano: 2020 URL: http://www.cigrjournal.org/index.php/Ejounral/article/view/5807
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