An Internet-Based Tool for Weather Risk Management

Calum G. Turvey and Michael Norton

Agricultural and Resource Economics Review, 2008, vol. 37, issue 1

Abstract: This paper introduces a web-based computer program designed to evaluate weather risk man-agement and weather insurance in the United States. The paper outlines the economics of weather risk in terms of agricultural production and household well-being; defines weather risk in terms of intensity, duration, and frequency; and illustrates the computer program use by comparing heat and precipitation risks at Ardmore, Oklahoma, and Ithaca, New York.

Keywords: weather insurance; heat insurance; precipitation insurance; crop insurance; weather derivatives; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:ags:arerjl:44739

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