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The Role of area-yield crop insurance program face to the Mid-term Review of Common Agricultural Policy AgEcon
Serrao, Amilcar; Coelho, Luis.
The mid-term review of Common Agricultural Policy increases the complexity of the decision-making process of farmers. The subsidies are substituted for a single decoupled income payment. The farmers decide what crops and livestock will produce based on climate, soils conditions and agricultural market signals and not based on subsidies granted to each one of the crop and livestock activities. The area-yield crop insurance program might have an important role on increasing production and facing natural catastrophes. This paper studies the introduction of the area-yield crop insurance program to reduce the risk originating from the variability of farmers'’ income and to compare this alternative with other agricultural policy alternatives in the context of...
Tipo: Conference Paper or Presentation Palavras-chave: Cumulative Propospect Theory; Mid-Term Review of the Common Agricultural Policy; Discrete Sequential Stochastic Programming Model; Area-Yield Crop Insurance program; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/21411
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