Agricultural Insurance in the DOCG Area of Conegliano—Valdobbiadene: An Assessment of Policy Measures

Antonio De Pin, Pier Paolo Miglietta, Benedetta Coluccia and Fabian Capitanio
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Antonio De Pin: Department of Economics, Ca’ Foscari University of Venice, San Giobbe 873, Cannaregio, 30121 Venice, Italy
Pier Paolo Miglietta: Department of Biological and Environmental Sciences and Technologies, University of Salento, Via per Monteroni, 73100 Lecce, Italy
Benedetta Coluccia: Department of Veterinary and Medical Sciences, University of Bologna, Via Tolara di Sopra 50, 40064 Ozzano dell’Emilia, Italy
Fabian Capitanio: Department of Veterinary Medicine and Animal Production, University of Naples Federico II, Via Università 96, 80055 Portici, Italy

Sustainability, 2022, vol. 14, issue 11, 1-14

Abstract: Agricultural insurance stands prominant in the protection of crop products. In Italy, the increasing occurrence of extreme weather events has had an important impact on the crop insurance market’s dynamics by lowering insurance companies propensity to take on climate risks. In this context, the main aim of the study is to focus on an economic assessment of the demand for insurance in the Controlled and Guaranteed Designation of Origin (DOCG) area of Conegliano-Valdobbiadene, exploiting the economic effects of public contributions for the three main subjects involved in the market: winegrowers, public stakeholders, and insurance companies. The results showed that the more favorable conditions laid down in the Omnibus Regulation in favor of producers do not appear justified in the area investigated. As regards the goodness of public intervention, the overall positivity of the Indicator Efficiency Subsidies (IES) underlines the relative efficiency of the subsidized contribution. As for the insurance companies, the financial equilibrium appears precarious, closed between falling tariffs and increasing quotas in consideration of the feared climate change.

Keywords: agricultural insurance; wine supply chain; risk management; insurance indicators; Controlled and Guaranteed Origin Denomination (DOCG) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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