메뉴 건너뛰기




Volumn 74, Issue 2, 2014, Pages 188-199

Challenges of insuring weather risk in agriculture

Author keywords

Climate change; Crop insurance; Data scarcity; Weather risk

Indexed keywords


EID: 84946712901     PISSN: 00021466     EISSN: 20416326     Source Type: Journal    
DOI: 10.1108/AFR-11-2013-0039     Document Type: Article
Times cited : (39)

References (54)
  • 1
    • 34547486606 scopus 로고    scopus 로고
    • A practical operational risk scenario analysis quantification
    • Alderweireld, T., Garcia, J. and Léonard, L. (2006), "A practical operational risk scenario analysis quantification", Risk Magazine, Vol. 19 No. 2, pp. 93-95.
    • (2006) Risk Magazine , vol.19 , Issue.2 , pp. 93-95
    • Alderweireld, T.1    Garcia, J.2    Léonard, L.3
  • 3
    • 37149000300 scopus 로고    scopus 로고
    • Weather index insurance for agriculture and rural areas in lower income countries
    • Barnett, B. and Mahul, O. (2007), "Weather index insurance for agriculture and rural areas in lower income countries", American Journal of Agricultural Economics, Vol. 89 No. 5, pp. 1241-1247.
    • (2007) American Journal of Agricultural Economics , vol.89 , Issue.5 , pp. 1241-1247
    • Barnett, B.1    Mahul, O.2
  • 5
    • 9944261466 scopus 로고    scopus 로고
    • Extreme climatic events and their evolution under changing climatic conditions
    • Beniston, M. and Stephenson, D.B. (2004), "Extreme climatic events and their evolution under changing climatic conditions", Global and Planetary Change, Vol. 44 Nos 1/4, pp. 1-9.
    • (2004) Global and Planetary Change , vol.44 , Issue.1-4 , pp. 1-9
    • Beniston, M.1    Stephenson, D.B.2
  • 6
    • 78650607279 scopus 로고    scopus 로고
    • Weather-based instruments in the context of whole-farm risk management
    • Berg, E. and Schmitz, B. (2008), "Weather-based instruments in the context of whole-farm risk management", Agricultural Finance Review, Vol. 68 No. 1, pp. 119-133.
    • (2008) Agricultural Finance Review , vol.68 , Issue.1 , pp. 119-133
    • Berg, E.1    Schmitz, B.2
  • 7
    • 84870300655 scopus 로고    scopus 로고
    • Pricing in microinsurance markets
    • Biener, C. (2013), "Pricing in microinsurance markets", World Development, Vol. 41 No. 1, pp. 132-144.
    • (2013) World Development , vol.41 , Issue.1 , pp. 132-144
    • Biener, C.1
  • 8
    • 84936754291 scopus 로고    scopus 로고
    • Accounting for short samples and heterogeneous experience in rating crop insurance
    • Borman, J.I., Goodwin, B.K., Coble, K., Knight, T. and Rejesus, R. (2013), "Accounting for short samples and heterogeneous experience in rating crop insurance", Agricultural Finance Review, Vol. 73 No. 1, pp. 88-101.
    • (2013) Agricultural Finance Review , vol.73 , Issue.1 , pp. 88-101
    • Borman, J.I.1    Goodwin, B.K.2    Coble, K.3    Knight, T.4    Rejesus, R.5
  • 9
    • 43049110589 scopus 로고    scopus 로고
    • Evaluating the potential of index insurance schemes to reduce crop yield risk in an arid region
    • Breustedt, G., Bokusheva, R. and Heidelbach, O. (2008), "Evaluating the potential of index insurance schemes to reduce crop yield risk in an arid region", Journal of Agricultural Economics, Vol. 59 No. 2, pp. 312-328.
    • (2008) Journal of Agricultural Economics , vol.59 , Issue.2 , pp. 312-328
    • Breustedt, G.1    Bokusheva, R.2    Heidelbach, O.3
  • 10
    • 84946544626 scopus 로고    scopus 로고
    • Measuring dependence in joint distributions of yield and weather variables
    • Bokusheva, R. (2011), "Measuring dependence in joint distributions of yield and weather variables", Agricultural Finance Review, Vol. 71 No. 1, pp. 120-141.
    • (2011) Agricultural Finance Review , vol.71 , Issue.1 , pp. 120-141
    • Bokusheva, R.1
  • 12
    • 84946798531 scopus 로고    scopus 로고
    • selected paper AAEA Annual Meeting 2010, Denver, CO, (accessed October 23, 2013)
    • Chen, Y.-E. and Goodwin, B.K. (2010), "The design of multiyear crop insurance contracts", selected paper AAEA Annual Meeting 2010, Denver, CO, available at: http://purl.umn.edu/ 61644 (accessed October 23, 2013).
    • (2010) The design of multiyear crop insurance contracts
    • Chen, Y.-E.1    Goodwin, B.K.2
  • 13
    • 84946798532 scopus 로고    scopus 로고
    • Index-based insurance contract design: Does the choice of the regression approach matter?
    • paper prepared for presentation at the, Leuven, May 29-31, (accessed October 23, 2013)
    • Conradt, S. (2013), "Index-based insurance contract design: does the choice of the regression approach matter?", paper prepared for presentation at the 5th EAAE PhD Workshop 2013, Leuven, May 29-31, available at: http://bvle-aber.be/wp/wp-content/uploads/2013/09/ conradt.pdf (accessed October 23, 2013).
    • (2013) 5th EAAE PhD Workshop 2013
    • Conradt, S.1
  • 18
    • 0034836378 scopus 로고    scopus 로고
    • Problems with market insurance in agriculture
    • Goodwin, B.K. (2001), "Problems with market insurance in agriculture", American Journal of Agricultural Economics, Vol. 83 No. 3, pp. 643-649.
    • (2001) American Journal of Agricultural Economics , vol.83 , Issue.3 , pp. 643-649
    • Goodwin, B.K.1
  • 20
    • 84872261989 scopus 로고    scopus 로고
    • Weather index-based insurances for farmers in the North China plain-an analysis of risk reduction potential and basis risk
    • Heimfarth, L.E. and Mußhoff, O. (2013), "Weather index-based insurances for farmers in the North China plain-an analysis of risk reduction potential and basis risk", Agricultural Finance Review, Vol. 71 No. 2, pp. 218-239.
    • (2013) Agricultural Finance Review , vol.71 , Issue.2 , pp. 218-239
    • Heimfarth, L.E.1    Mußhoff, O.2
  • 24
    • 84865829717 scopus 로고    scopus 로고
    • Single-year and multi-year insurance policies in a competitive market
    • Kleindorfer, P.R., Kunreuther, H. and Ou-Yang, C. (2012), "Single-year and multi-year insurance policies in a competitive market", Journal of Risk and Uncertainty, Vol. 45 No. 1, pp. 51-78.
    • (2012) Journal of Risk and Uncertainty , vol.45 , Issue.1 , pp. 51-78
    • Kleindorfer, P.R.1    Kunreuther, H.2    Ou-Yang, C.3
  • 25
    • 37449023868 scopus 로고    scopus 로고
    • The quantification of operational risk using internal data, relevant external data and expert opinions
    • Lambrigger, D.D., Shevchenko, P.V. and Wüthrich, M.V. (2007), "The quantification of operational risk using internal data, relevant external data and expert opinions", Journal of Operational Risk, Vol. 2 No. 3, pp. 3-27.
    • (2007) Journal of Operational Risk , vol.2 , Issue.3 , pp. 3-27
    • Lambrigger, D.D.1    Shevchenko, P.V.2    Wüthrich, M.V.3
  • 27
  • 30
    • 0031418577 scopus 로고    scopus 로고
    • Systemic risk, reinsurance, and the failure of crop insurance markets
    • Miranda, M.J. and Glauber, J.W. (1997), "Systemic risk, reinsurance, and the failure of crop insurance markets", American Journal of Agricultural Economics, Vol. 79 No. 1, pp. 206-215.
    • (1997) American Journal of Agricultural Economics , vol.79 , Issue.1 , pp. 206-215
    • Miranda, M.J.1    Glauber, J.W.2
  • 31
    • 79956133854 scopus 로고    scopus 로고
    • Management of climate risks in agriculture-will weather derivatives permeate?
    • Musshoff, O., Odening, M. and Xu, W. (2011), "Management of climate risks in agriculture-will weather derivatives permeate?", Applied Economics, Vol. 43 No. 9, pp. 1067-1077.
    • (2011) Applied Economics , vol.43 , Issue.9 , pp. 1067-1077
    • Musshoff, O.1    Odening, M.2    Xu, W.3
  • 32
    • 84936985413 scopus 로고    scopus 로고
    • Information value of climate forecasts for rainfall index insurance for pasture, rangeland, and forage in the Southeast United States
    • Nadolnyak, D. and Vedenov, D. (2013), "Information value of climate forecasts for rainfall index insurance for pasture, rangeland, and forage in the Southeast United States", Journal of Agricultural and Applied Economics, Vol. 45 No. 1, pp. 109-124.
    • (2013) Journal of Agricultural and Applied Economics , vol.45 , Issue.1 , pp. 109-124
    • Nadolnyak, D.1    Vedenov, D.2
  • 33
    • 85015412296 scopus 로고    scopus 로고
    • Quantifying spatial basis risk for weather index insurance
    • Norton, M.T., Turvey, C. and Osgood, D. (2013), "Quantifying spatial basis risk for weather index insurance", Journal of Risk Finance, Vol. 14 No. 1, pp. 20-34.
    • (2013) Journal of Risk Finance , vol.14 , Issue.1 , pp. 20-34
    • Norton, M.T.1    Turvey, C.2    Osgood, D.3
  • 34
    • 51349141927 scopus 로고    scopus 로고
    • Analysis of rainfall derivatives using daily precipitation models: Opportunities and pitfalls
    • Odening, M., Musshoff, O. and Xu, W. (2007), "Analysis of rainfall derivatives using daily precipitation models: opportunities and pitfalls", Agricultural Finance Review, Vol. 67 No. 1, pp. 135-156.
    • (2007) Agricultural Finance Review , vol.67 , Issue.1 , pp. 135-156
    • Odening, M.1    Musshoff, O.2    Xu, W.3
  • 35
    • 84878174476 scopus 로고    scopus 로고
    • Systemic weather risk and crop insurance: The case of China
    • Okhrin, O., Odening, M. and Xu,W. (2013), "Systemic weather risk and crop insurance: the case of China", Journal of Risk and Insurance, Vol. 80 No. 2, pp. 351-372.
    • (2013) Journal of Risk and Insurance , vol.80 , Issue.2 , pp. 351-372
    • Okhrin, O.1    Odening, M.2    Xu, W.3
  • 37
    • 84875125435 scopus 로고    scopus 로고
    • A spatial approach to addressing weather derivatives
    • Paulson, N.D., Hart, C.E. and Hayes, D.J. (2010), "A spatial approach to addressing weather derivatives", Agricultural Finance Review, Vol. 70 No. 1, pp. 79-96.
    • (2010) Agricultural Finance Review , vol.70 , Issue.1 , pp. 79-96
    • Paulson, N.D.1    Hart, C.E.2    Hayes, D.J.3
  • 38
    • 84946798534 scopus 로고    scopus 로고
    • Minimizing geographical basis risk of weather derivatives using a multi-site rainfall model
    • (accessed October 23, 2013)
    • Ritter, M., Mußhoff, O. and Odening, M. (2012), "Minimizing geographical basis risk of weather derivatives using a multi-site rainfall model", Proceedings of the 123rd EAAE Seminar, Dublin, February 23-24, available at: http://purl.umn.edu/122527 (accessed October 23, 2013).
    • (2012) Proceedings of the 123rd EAAE Seminar, Dublin, February 23-24
    • Ritter, M.1    Mußhoff, O.2    Odening, M.3
  • 39
    • 84872275807 scopus 로고    scopus 로고
    • Coping with systemic risk in index-based crop insurance
    • Shen, Z. and Odening, M. (2013), "Coping with systemic risk in index-based crop insurance", Agricultural Economics, Vol. 44 No. 1, pp. 1-13.
    • (2013) Agricultural Economics , vol.44 , Issue.1 , pp. 1-13
    • Shen, Z.1    Odening, M.2
  • 42
    • 0002597844 scopus 로고    scopus 로고
    • Conceptual and practical considerations for sharing catastrophic/systemic risks
    • Skees, J.R. and Barnett, B.J. (1999), "Conceptual and practical considerations for sharing catastrophic/systemic risks", Review of Agricultural Economics, Vol. 21 No. 2, pp. 424-441.
    • (1999) Review of Agricultural Economics , vol.21 , Issue.2 , pp. 424-441
    • Skees, J.R.1    Barnett, B.J.2
  • 43
    • 84946798536 scopus 로고    scopus 로고
    • Challenges in government facilitated crop insurance
    • Tangermann, S. and Witherell, W. (Eds), OECD, Paris
    • Skees, J.R. and Barnett, B.J. (2004), "Challenges in government facilitated crop insurance", in Tangermann, S. and Witherell, W. (Eds), Rural Finance and Credit Infrastructure in China, OECD, Paris, pp. 172-187.
    • (2004) Rural Finance and Credit Infrastructure in China , pp. 172-187
    • Skees, J.R.1    Barnett, B.J.2
  • 44
    • 84922084516 scopus 로고    scopus 로고
    • report prepared for the USAID Microenterprise Development (MD) Office, USAID/DAI Prime Contract LAG-1-00-98-0026-00 BASIS Task Order 8, Rural Finance Market Development, Washington, DC, (accessed October 23, 2013)
    • Skees, J.R., Goes, A., Sullivan, C., Carpenter, R., Miranda, M.J. and Barnett, B.J. (2006), "Index insurance for weather risk in low income countries", report prepared for the USAID Microenterprise Development (MD) Office, USAID/DAI Prime Contract LAG-1-00-98-0026-00 BASIS Task Order 8, Rural Finance Market Development, Washington, DC, available at: www.climate-insurance.org/upload/pdf/USAID2006_IndexInsur_WeatherRisk_Lower_ Income_Countries (accessed October 23, 2013).
    • (2006) Index insurance for weather risk in low income countries
    • Skees, J.R.1    Goes, A.2    Sullivan, C.3    Carpenter, R.4    Miranda, M.J.5    Barnett, B.J.6
  • 45
    • 33644697480 scopus 로고    scopus 로고
    • Going to the extremes: An intercomparison of model-simulated historical and future changes in extreme events
    • Tebaldi, C., Hayhoe, K., Arblaster, J.M. and Meehl, G.A. (2006), "Going to the extremes: an intercomparison of model-simulated historical and future changes in extreme events", Climate Change, Vol. 79 Nos 3/4, pp. 185-211.
    • (2006) Climate Change , vol.79 , Issue.3-4 , pp. 185-211
    • Tebaldi, C.1    Hayhoe, K.2    Arblaster, J.M.3    Meehl, G.A.4
  • 46
    • 0005638843 scopus 로고    scopus 로고
    • Weather derivatives for specific event risks in agriculture
    • Turvey, C.G. (2001), "Weather derivatives for specific event risks in agriculture", Applied Economic Perspectives and Policy, Vol. 23 No. 2, pp. 333-351.
    • (2001) Applied Economic Perspectives and Policy , vol.23 , Issue.2 , pp. 333-351
    • Turvey, C.G.1
  • 47
    • 84874122488 scopus 로고    scopus 로고
    • Applicability of the normalized difference vegetation index (NDVI) in index-based crop insurance design
    • Turvey, C.G. and Mclaurin, M.K. (2012), "Applicability of the normalized difference vegetation index (NDVI) in index-based crop insurance design", Weather, Climate and Society, Vol. 4 No. 4, pp. 271-284.
    • (2012) Weather, Climate and Society , vol.4 , Issue.4 , pp. 271-284
    • Turvey, C.G.1    Mclaurin, M.K.2
  • 48
    • 13244265730 scopus 로고    scopus 로고
    • Efficiency of weather derivatives as primary crop insurance instruments
    • Vedenov, D.V. and Barnett, B.J. (2004), "Efficiency of weather derivatives as primary crop insurance instruments", Journal of Agricultural Resource Economics, Vol. 29 No. 3, pp. 387-403.
    • (2004) Journal of Agricultural Resource Economics , vol.29 , Issue.3 , pp. 387-403
    • Vedenov, D.V.1    Barnett, B.J.2
  • 50
    • 0242362233 scopus 로고    scopus 로고
    • On the possibility of a private crop insurance market: A spatial statistics approach
    • Wang, H.H. and Zhang, H. (2003), "On the possibility of a private crop insurance market: a spatial statistics approach", Journal of Risk and Insurance, Vol. 70 No. 1, pp. 111-124.
    • (2003) Journal of Risk and Insurance , vol.70 , Issue.1 , pp. 111-124
    • Wang, H.H.1    Zhang, H.2
  • 51
    • 77954957599 scopus 로고    scopus 로고
    • Basis risk and weather hedging effectiveness
    • Woodard, J.D. and Garcia, P. (2008), "Basis risk and weather hedging effectiveness", Agricultural Finance Review, Vol. 68 No. 1, pp. 99-117.
    • (2008) Agricultural Finance Review , vol.68 , Issue.1 , pp. 99-117
    • Woodard, J.D.1    Garcia, P.2
  • 53
    • 84880175412 scopus 로고    scopus 로고
    • Discussion Paper No. 50, Agriculture and rural development, The World Bank, Washington, DC, (accessed October 23, 2013)
    • World Bank (2011), "Weather index insurance for agriculture: guidance for development practitioners", Discussion Paper No. 50, Agriculture and rural development, The World Bank, Washington, DC, available at: http://documents.worldbank.org/curated/en/2011/11/ 15643352/weather-index-insurance-agriculture-guidance-development-practitioners (accessed October 23, 2013).
    • (2011) Weather index insurance for agriculture: Guidance for development practitioners
    • World Bank1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.