The effects of weather risks on micro-regional agricultural insurance premiums in Hungary

Kemény, Gábor; Varga, Tibor V.; Fogarasi, József; Nemes, Attila

doi:10.7896/j.1305

Cited by 5 publications

(5 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The most popular tool declared to be used in the future was crop insurance, even though this requires important state intervention and faces a number of additional problems (c.f. OECD, 2011; Kemény et al, 2013). Consequently, their effective use depends not only on farmers, but on the institutional background as well.…”

Section: Discussionmentioning

confidence: 99%

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Sulewski¹,

Kłoczko-Gajewska²

2014

stagec

View full text Add to dashboard Cite

Agriculture is an activity burdened with multiple risk factors, some of which are related to the biological nature of production. Climate change, liberalisation of international agricultural trade and changes in the agricultural support system mean that the importance of risk in agriculture will increase. This means that increasing attention will be given to risk management at the farm level, although implementation of the appropriate risk management strategy is connected to farmers' perception of, and aversion to, risk. This study, which integrates these three aspects of risk in agriculture, is based on data collected from almost 600 participant farms from the Polish FADN system. It was shown that drought is perceived by farmers as the main factor of risk in production in Poland. Polish farmers are rather risk averse, but a little more in terms of their personal health and less in the case of the farm. The analysis showed that the following factors increased the level of risk aversion of Polish farmers: debt ratio, losses in production in previous years, soil quality and concentration on fi nancial independence as a hierarchy of priorities. The most important risk-coping strategy was crop insurance. Knowledge of farmers' perception of risk, risk aversion and preferred risk management strategies is essential for creating policy instruments to support agricultural risk management, and for the development of training programmes tailored to the needs of farmers.

show abstract

Section: Discussionmentioning

confidence: 99%

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Sulewski¹,

Kłoczko-Gajewska²

2014

stagec

View full text Add to dashboard Cite

show abstract

“…Firstly, as a business with a typical price and demand fluctuations (Uematsu and Mishra 2011;Sulewski and Kloczko-Gajewska 2014), emerging from the trade liberalization and the changes of the Common Agricultural Policy (Lien et al 2003;Bureau et al 2005;Flaten et al 2005;Ahn et al 2009;Park 2013;Lee and Lim 2015), but also another risks characteristic for this sector as the climate, weather, infections, which have the tendency to rise (Alcamo et al 2007;Kundzewicz and Kozyra 2011;Olesen et al 2011;Kemény et al 2013;Legg and Blandford 2015;Kan et al 2015;Prokopy et al 2015).…”

Section: Doi: 1017221/212/2016-agriceconmentioning

confidence: 99%

Risk factors in the agriculture sector

Jankelová¹,

Masar²,

Moricova³

2017

Agric. Econ. - Czech

View full text Add to dashboard Cite

Slovakia has the character of a countryside state. It is unique by that despite of the worldwide tendency, Slovak citizens are migrating from the cities to the countryside. It is the second most countryside state of the EU, with more than one half of the population living in the rural areas. Even higher is the share of the rural area of Slovakia. In the complex, as well as structured evaluation of the agricultural performance of the Slovak Republic within the EU, Slovakia belongs to the weakest countries. Our current agriculture is struggling to cope with the organizational and legal issues, it seeks to bring into operation the land market, to supply the internal market by the quality and affordable goods. Necessarily, it must increase the productivity, recover the production capacity of the land resources and constitute viable units. Those could compete with other entities, respectively, they could be an adequate partner in the EU in the framework of subsidies.The farmers, in order to improve their position, must fight not only with the external factors of the environment, but also with many issues of the internal management of the enterprises. The overriding objective must become the orientation on the strategic management of the enterprises, while their effort is often focused on the survival because of the significant issues and the agrarian enterprises lack the coherent vision of the certainty of their future development. The part of the strategic management is also the risk management. The ability of an early detection and effective management of the risks is an integral part of the strategic management of every agricultural organization. Subjects, which are not aware of the scope and the strength of the impact of risk, and will not create the effective mechanism for its management, are endangering their existence. The effective risk management can be secured only in the case, when there is a clearly defined strategy of the Abstract: Th e agricultural sector je characterized by the fact that there is a high level of risk. It was always this case, but in the last years, there is a tendency of the increasing of the risk. Th e ability of early detection and eff ective management of the risks is an integral part of the strategic management of every agricultural organization. Th e paper presents the procedure and outcomes of the questionnaire survey aimed at the occurrence of the risk factors and approaches to the risk management in the enterprises of the primary agricultural production in Slovakia. Th e survey is focused on the individual character of the risk. Th e results of the survey point out the fact, that Slovakian farmers perceive the price risk, production or income risk as the most important risk factors, and the diversifi cation as a most important strategy of the risk management. Th e most signifi cant positive correlations were found between the land size and the perception of the price risk importance, between the number of years in offi ce and the perception of the price risk importance. Concer...

show abstract

“…Agricultural loss due to wind erosion results from direct impacts (physical damage on crops, mostly vegetables and sugar beet in April) that potentially affects smaller areas (15)(16)(17)(18)(19)(20).000 hectares) in a value of 1500-3000 EUR/ha. However the estimation of loss is difficult due to the lack of information about damages, since insurance exists only for sand-blast damage up to 0.5-2% of the crop value, mostly bought by vegetable farmers on sand land regions [28]. Indirect impacts are more significant (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…degrading soil structure and fertility, decrease of the production area, and increased costs of labour, chemicals, seeds and maintenance), but they can not be easily quantified [29]. Natural hazards altogether (hail, wildfire, spring frost, drought, excess water, heavy precipitation, wind erosion) caused around 300 million EUR financial loss in the last decade [28,30]. Based on the potential wind erosion hazard map 26.5 percent of the territory of Hungary is highly and moderately endangered by wind erosion risk [31].…”

Section: Introductionmentioning

confidence: 99%

Assessment of future scenarios for wind erosion sensitivity changes based on ALADIN and REMO regional climate model simulation data

et al. 2016

View full text Add to dashboard Cite

Abstract:The changes in rate and pattern of wind erosion sensitivity due to climate change were investigated for 2021-2050 and 2071-2100 compared to the reference period in Hungary. The sensitivities of the main influencing factors (soil texture, vegetation cover and climate factor) were evaluated by fuzzy method and a combined wind erosion sensitivity map was compiled. The climate factor, as the driving factor of the changes, was assessed based on observed data for the reference period, while REMO and ALADIN regional climate model simulation data for the future periods. The changes in wind erosion sensitivity were evaluated on potentially affected agricultural land use types, and hot spot areas were allocated. Based on the results, 5-6% of the total agricultural areas were high sensitive areas in the reference period. In the 21st century slight or moderate changes of wind erosion sensitivity can be expected, and mostly 'pastures', 'complex cultivation patterns', and 'land principally occupied by agriculture with significant areas of natural vegetation' are affected. The applied combination of multi-indicator approach and fuzzy analysis provides novelty in the field of land sensitivity assessment. The method is suitable for regional scale analysis of wind erosion sensitivity changes and supports regional planning by allocating priority areas where changes in agro-technics or land use have to be considered.

show abstract

The effects of weather risks on micro-regional agricultural insurance premiums in Hungary

Cited by 5 publications

References 4 publications

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Risk factors in the agriculture sector

Assessment of future scenarios for wind erosion sensitivity changes based on ALADIN and REMO regional climate model simulation data

Contact Info

Product

Resources

About