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| 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 |
