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