| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Actuarial evaluation of the EU proposed farm income stabilisation tool
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| Autores: |
Pigeon, Mathieu
Frahan, Bruno Henry de
Denuit, Michel
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| Data: |
2012-02-23
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| Ano: |
2012
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| Palavras-chave: |
Agricultural risk management
Income stabilisation
Belgium
European Union
Risk and Uncertainty
D81
Q12
Q18.
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| Resumo: |
Recently, the European Commission proposed to introduce several risk management tools in the rural development pillar 2 of the CAP. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their farm income. This paper analyses this new farm income stabilization tool for the Walloon region in Belgium, considering separately three groups of farms (crop, dairy and cattle farms). Relying on FADN data from 1997 to 2007, this analysis focuses on estimating the probability that such regional mutual funds would need to intervene to compensate farm net incomes and, in that case, the expected amount of each farm income compensation and the total expected amount of compensation. The budgetary compensation that would be required if an income insurance scheme was implemented to compensate Walloon farmers for their income losses is evaluated. Particular attention is paid to the cyclical pattern as well as to additional requirements that could be imposed to the EU income stabilisation tool.
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| Tipo: |
Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/122485
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| Relação: |
European Association of Agricultural Economists>123rd Seminar, February 23-24, 2012, Dublin Ireland
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| Formato: |
16
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