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Index Insurance, Production Practices, and Probabilistic Climate Forecasts AgEcon
Carriquiry, Miguel A.; Osgood, Daniel E..
The failure of the development of commercially viable traditional crop insurance products and innovations in financial markers has fed a renewed interest in the search for alternatives to help producers in developing countries manage their risk exposure. Salient among these is the proposal of several index insurance schemes against weather events. Among the basic tenets are that the presence of index insurance allows producers to intensify their operations and reduce the risks of default and hence may induce creditors to offer loans at affordable rates. The two factors combined are touted as key to help producers in developing countries escape poverty traps. Improvements in seasonal climate forecasts create challenges for the design and effective...
Tipo: Conference Paper or Presentation Palavras-chave: Climate forecast; Index insurance; Input Decisions; Risk Management; Weather risks; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/21463
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