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WEATHER DERIVATIVES AND SPECIFIC EVENT RISK AgEcon
Turvey, Calum G..
This paper investigates the relationship between weather events and agricultural risks. Specific event risks are defined by outcomes related to a specific event such as low temperature and rainfall. Using Ontario data this paper describes specific events and shows how these specific events can be insured using weather derivatives and insurance.
Tipo: Conference Paper or Presentation Palavras-chave: Heat insurance; Rainfall insurance; Weather derivatives; Weather options; Crop insurance; Agricultural risk; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21550
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Weather Risk and the Viability of Weather Insurance In Western China AgEcon
Turvey, Calum G.; Kong, Rong; Belltawn, Burgen.
This paper presents preliminary results on the possible demand for weather insurance in China. Results from 1,564 farm households from Western and Central China between October 2007 and October 2008 suggest that the greater risk for farmers is drought followed by excessive rain. Heat is less critical as a risk but more significant than cool weather. Results suggest a strong interest in precipitation insurance with 50% and 44% of respondents indicating strong interest in the product. Supplementary results indicate that interest is equal between planting, cultivating, and harvesting. Furthermore results suggest that farmers are willing to adopt new ideas, and where possible already take action to self insure through diversification and other means, The...
Tipo: Conference Paper or Presentation Palavras-chave: Weather insurance; Rainfall insurance; China; Agricultural and Food Policy; Agricultural Finance; International Development; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/49362
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Climate Effects on Rainfall Index Insurance Purchase Decisions AgEcon
Novak, James L.; Nadolnyak, Denis A..
Rainfall Index insurance is a pilot insurance product offered to producers of hay and pasture in 9 states. This analysis examines the expected payoff of the RI insurance for bi-monthly periods based on rainfall shortage probabilities in alternative climate phases. Differences in expected returns indicate that selection of ENSO-specific optimal intervals may result in higher returns than those based on pooled rainfall series.
Tipo: Conference Paper or Presentation Palavras-chave: Rainfall insurance; ENSO; Expected indemnity; Production Economics; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/46834
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