Insurance as a Tool for Managing Risks in Agriculture

Abstract

The article views the contradiction between necessity for agricultural reproduction of rational parameters for providing food

Strategic Management of Competitive Agribusiness Organizations Model

“…1. Collecting and processing by experts in strategic management of information on the state of the subject of agribusiness and the external environment of its functioning [24,25]. 2.…”

Post-Adversities Recovery and Profitability: The Case of Italian Farmers

“…Agricultural insurance has stimulated a strong interest among politicians and scientists proved by numerous studies aimed at assessing the value and the effect of agricultural insurance in a different part of the world [36,37,38,39,40,41]. In order to evaluate the efficiency of the insurance system in the agricultural sector, Lorant and Farkas [42] compared insurance systems in the different OECD countries; in this perspective many studies have analyzed the impact of insurance as a risk management tool and its social and ecological consequences [43,44,45,46].…”

Tarım sigortaları ve doğal afetler: Türk tarım sigortaları havuzu (TARSİM) finansal performansının seçili kriterler dâhilinde değerlendirilmesi

“…It can also be asserted that insurance offers opportunities to establish collaborations between private and public sectors, diminishing reliance on public resources during the stages of recovery and reconstruction following disasters, severe incidents and significant crisis (Ward & Zurbruegg, 2000). Therefore, adoption of insurance as a mechanism for mitigating agricultural risks has rapidly broadened and become an essential constituent of the complete set of assistance programs for farmers across both developed and developing nations; as agricultural insurance has resulted in enhanced inputs, such as investments, into cultivated lands, thereby supporting farmers' income stability and security through the improvement of their agricultural practices and the optimization of profits (Enjolras & Sentis, 2011;Kostyuchenko et al, 2015;. Furthermore, with the contribution of agricultural insurances, it can be stated that an increased availability of liquid capital becomes evident after crisis situations, which reduces the necessity for households to liquidate assets due to credit limitations, and this, in turn, aids farmers in breaking free from cycles of poverty and the aforementioned vulnerabilities of agriculture (Alam et al, 2020).…”