Table of contents
Critical success factors for weather risk transfer solutions in the agricultural sector: a reinsurer’s view
Michael Roth, Christina Ulardic, Juerg TruebAgricultural yield and commodity prices are very sensitive to weather patterns such as drought, excessive rain, or frost. Consequently, unseasonable weather can cause major losses…
A Bayesian approach to German agricultural yield expectations
Jette KrauseAgricultural yields depend on an encompassing set of technical and environmental factors. The development of such factors often is not fully observable, and their interactions and…
Modeling agricultural production risk and the adaptation to climate change
Robert Finger, Stéphanie SchmidAn approach that integrates biophysical simulations in an economic model is used to analyze the impact of climate change on Swiss corn and winter wheat production. Adaptation…
Revisiting the demand for agricultural insurance: the case of Spain
Alberto Garrido, David ZilbermanThis paper seeks to characterize the factors that explain crop insurance participation. A stylized model of insurance demand, with a simple setup of one crop. CARA preferences…
Hedging with weather derivatives to cope with climate variability and change in grain maize production
Daniele Simone Torriani, Pierluigi Calanca, Martin Beniston, Jürg FuhrerThe effectiveness of hedging drought risks with weather derivatives was investigated for rain‐fed grain maize production in Switzerland under current (1981‐2003) and projected…
Portfolio effects and the willingness to pay for weather insurances
Oliver Musshoff, Norbert Hirschauer, Martin OdeningSince the mid‐1990s, agricultural economists have discussed the relevance of index‐based insurances, also called “weather derivatives”, as hedging instruments for volumetric risks…
Basis risk and weather hedging effectiveness
Joshua D. Woodard, Philip GarciaBasis risk – the risk that payoffs of a hedging instrument do not correspond to the underlying exposures – is cited as a primary concern for implementing weather data, we…
Weather‐based instruments in the context of whole‐farm risk management
Ernst Berg, Bernhard SchmitzRecent and presumable future developments tend to increase the risks associated with farming activities. These include climate risks, which have always played an important role in…
The pricing, structure, and function of weather‐linked bonds, mortgages, and operating credit
Calum G. TurveyThis paper outlines approaches to valuating weather‐linked bonds, mortgages, and operating lines of credit. Using historical data from weather stations in Adrmore, Oklahoma, and…
Creating insurance markets for natural disaster risk in lower income countries: the potential role for securitization
Jerry R. Skees, Barry J. Barnett, Anne G. MurphyThis article considers the potential for securitizing index‐based insurance products that transfer weather and natural disaster risks from lower income countries. It begins with a…
Improving humanitarian response to slow‐onset disasters using famine‐indexed weather derivatives
Sommarat Chantarat, Calum G. Turvey, Andrew G. Mude, Christopher B. BarrettThis paper illustrates how weather derivatives indexed to forecasts of famine can be designed and used by operational agencies and donors to facilitate timely and reliable…
Challenges for use of index‐based weather insurance in lower income countries
Jerry R. SkeesThis article offers some perspective on the progress and challenges of managing catastrophic weather risk in lower income countries through the use of index insurance. Innovations…
ISSN:
0002-1466Online date, start – end:
2000Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Dr. Todd Keuthe