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Bio-economic modelling of decisions under yield and price risk for suckler cow farms AgEcon
Briner, Simon; Finger, Robert.
Applying a bio-economic whole farm model we assess the impact of price and weather risk as well as different risk management strategies on the variability of the income in Swiss suckler cow production. We consider different on-farm risk management strategies such as the flexible adjustment of herd size, fodder composition and feed stocks, as well as an income insurance. Our results show that without any risk-management income variability is rather high, with coefficient of variation (CV) of income ranging from 26% to 31%. Taking on-farm risk management strategies into account it is possible to reduce income variability significantly (CV 12-15%), but causes only low reductions of mean income levels. Our results also indicate that income insurance is not...
Tipo: Presentation Palavras-chave: Weather risk; Bio-economic whole farm model; Suckler cow; Income insurance; Farm Management; Risk and Uncertainty; Q12; Q18.
Ano: 2012 URL: http://purl.umn.edu/122547
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FEASIBILITY OF INCOME INSURANCE IN EUROPEAN AGRICULTURE AgEcon
Meuwissen, Miranda P.M.; Huirne, Ruud B.M..
Liberalization of agricultural markets leads to new risks for European farmers. This paper studies the feasibility of income insurance schemes for European crop and livestock farmers. Different insurance topics, such as governmental reinsurance and the use of mutual insurance funds, are described and analyzed, using individual farm level data of different areas and commodities. In this paper it is argued that 'income' insurance in European agriculture should be restricted to yield-only insurance schemes that are organized per commodity and per region and in which governments play the role of 'lender of last resort.
Tipo: Conference Paper or Presentation Palavras-chave: Income variability; Income insurance; Crop and livestock farming; Risk and Uncertainty.
Ano: 1998 URL: http://purl.umn.edu/20947
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Income insurance as a risk management tool after 2013 CAP reforms? AgEcon
Meuwissen, Miranda P.M.; Van Asseldonk, Marcel A.P.M.; Pietola, Kyosti; Hardaker, J. Brian; Huirne, Ruud B.M..
The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.
Tipo: Conference Paper or Presentation Palavras-chave: Income volatility; Income insurance; Expert elicitation; Price insurance; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/114649
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