INDEX-BASED MARGIN INSURANCE IN AGRICULTURE  – ON THE EXAMPLE OF WHEAT PRODUCTION  IN AUSTRIA

Franz Sinabell; Thomas Url; Karin Heinschink

doi:10.30858/zer/83037

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3/2017 vol. 352

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RESEARCH PAPER

INDEX-BASED MARGIN INSURANCE IN AGRICULTURE – ON THE EXAMPLE OF WHEAT PRODUCTION IN AUSTRIA

Franz Sinabell ¹

Thomas Url ¹

Karin Heinschink ²

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1	Austriacki Instytut Badań Ekonomicznych, Wiedeń
2	Federalny Instytut Ekonomiki Rolnictwa, Wiedeń

Acceptance date: 2017-09-12

Publication date: 2017-09-12

Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economics 2017;352(3):133–145

DOI: https://doi.org/10.30858/zer/83037

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Sinabell-e.pdf

KEYWORDS

agricultural insurance

gross margin

revenues

inputs

ABSTRACT

This paper presents a concept of a system allowing farmers to insure against price risk of inputs and products. The insurance existing in agriculture so far (against hail and drought) did not cover incomes. The basic insurance category, which also takes into account the prices of products and inputs1, is the gross margin obtained from respective products. The concept of gross margin insurance was discussed on the example of wheat. The article does not discuss the legal issues related to the implementation of the proposed system, which provides for state support.

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EXPECTED UTILITY AND PROSPECT THEORIES VERSUS AGRICULTURAL INSURANCE

SICKNESS, ACCIDENT, AND MATERNITY INSURANCE FOR FARMERS: A NEED FOR CHANGE

INDEX-BASED INSURANCE OF GROSS MARGIN IN AGRICULTURE – KEY CHALLENGES

NEOCLASSICAL APPROACH TO TRADITIONAL BUSINESS INSURANCE – INTRODUCTION TO THE THEORY OF AGRICULTURAL INSURANCE

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Subsidized by the state budget under the program "Development of scientific journals." Project no. RCN/SP/0118/2021/1. Funding: PLN 64 000. Total value: PLN 64 000. The subject of the program is to support the scientific journal "Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economics" in the implementation of its development strategy, which includes activities aimed at raising the level of publishing and editorial practices, increasing the impact of the journal on the development of science and the maintenance of the journal in international scientific circulation.

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