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An attempt to modelling revenue insurance schemes at the farm level by means of Positive Mathematical Programming AgEcon
Severini, Simone; Cortignani, Raffaele.
Farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This paper applies a PMP modelling approach that takes into explicit consideration risk aversion behaviour to test its applicability to evaluating the potential impact of insurance schemes. This is done by introducing a revenue insurance scheme into a model developed on a small group of crop farms in Italy. The paper represents a preliminary assessment of the soundness of the proposed approach. It identifies some limitations that should be overcome to improve the proposed approach. Despite these limitations, it seems a useful tool to investigate the impact of insurance schemes and policy relevant parameters such as...
Tipo: Conference Paper or Presentation Palavras-chave: Insurance schemes; PMP; Farmers’ behaviour; Risk aversion; Agricultural and Food Policy; Q12; C61; Q18.
Ano: 2011 URL: http://purl.umn.edu/99431
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Current factors of insurance in agriculture AgEcon
Bokusheva, Raushan; Heidelbach, Olaf.
This discussion paper is our response to numerous questions and the desire of our counterparts from the CIS countries to receive more up-to-date information about insurance in agriculture. Accordingly, we have tried to shed light on the main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader information on principles and potential of insurance, its main problems and possible solutions. Additionally, this paper provides a comparative overview of the presently most widespread insurance schemes.
Tipo: Working or Discussion Paper Palavras-chave: Risiko; Versicherung; Versicherungsprodukte; Landwirtschaft; Risk; Insurance; Insurance schemes; Agriculture; Слова: риск; Страхование; Страховые схемы; Сельское хозяйство.; Agribusiness; Farm Management; Industrial Organization; International Development; Risk and Uncertainty; G22; Q14; D82.
Ano: 2004 URL: http://purl.umn.edu/92167
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Modeling farmer participation to a revenue insurance scheme by means of Positive Mathematical Programming AgEcon
Severini, Simone; Cortignani, Raffaele.
European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This debate is further stimulated by the perspective of introducing instruments to cope with risk also in the Common Agricultural Policy. Therefore, there is a need for empirical analysis and tools aimed at providing empirical evidences on this subject. This paper applies a PMP modelling approach that takes into explicit consideration risk aversion behaviour to test the possibility to use it to assess the implications of participating in a insurance scheme. This is done by introducing a revenue insurance scheme into a model developed on a small group of crop farms in Italy. In particular, a quadratic mix...
Tipo: Conference Paper or Presentation Palavras-chave: Insurance schemes; PMP; Farmers’ participation; Risk aversion; Non-linear mix-integer programming; Farm Management; Risk and Uncertainty; Q12; C61; Q18.
Ano: 2011 URL: http://purl.umn.edu/116001
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