El nuevo seguro de ingresos de la patata: una evaluacion preliminar

Julio Estavillo, Salomon Aguado, Maria Bielza, Alberto Garrido and Jose Maria Sumpsi

Economia Agraria y Recursos Naturales, 2005, vol. 05, issue 09

Abstract: En 2003 y 2004, se ofreci� por primera vez en Espa�a un seguro que protege contra la ca�da de precios en origen de un producto agr�cola. Se trata de un seguro de rentas lanzado con car�cter piloto para las producciones de patata de media estaci�n y patata tard�a en cinco provincias espa�olas (�lava, Burgos, La Rioja, Le�n y Valladolid). El objetivo de este trabajo es describir las caracter�sticas del seguro y realizar una evaluaci�n preliminar de las campa�as en que ha funcionado. Se parte de una aproximaci�n conceptual a los instrumentos de gesti�n de riesgos de mercado, en cuyo contexto se enmarca el presente seguro. Posteriormente se explica el modelo de precios empleado para definir los precios de referencia del mercado y las primas, contrastando la calidad estad�stica del modelo con los precios en origen de la patata. Finalmente el trabajo concluye con una valoraci�n preliminar de esta primera experiencia piloto en Espa�a, incidiendo en los aspectos que pueden ir mejor�ndose y reflexionando sobre posibles ampliaciones de esta l�nea de aseguramiento a otras variedades y provincias de patata y tambi�n a otras producciones. Palabras clave: Riesgo de precios, seguros agrarios, seguro de ingresos, mercado de la patata In 2003 and 2004, an insurance product that protects against market risks of agricultural commodities was offered in Spain. It consists on a revenue insurance product which has been launched as a pilot program for mid-season and late potato in five Spanish provinces (�lava, Burgos, La Rioja, Le�n and Valladolid). The objective of this article is to describe the characteristics of this insurance product and to perform a preliminary evaluation of the seasons it was marketed. We start from a conceptual approach to the market risk management instruments, that constitute the context for the current program. Later, we explain the price model used to define market reference prices and the premia, checking the quality of the statistical price model against the potato farm-gate prices. Finally, the article ends with a preliminary valuation/assessment of this first pilot experience in Spain, stressing those aspects which are liable/prone to be improved and reckoning the possible extensions of this insurance line to other potato varieties, provinces and also to other agricultural commodities.

Keywords: Price risk; agricultural insurance; revenue insurance; potato market; Crop Production/Industries (search for similar items in EconPapers)
Date: 2005
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