Is there a relationship between the prevailing model of agriculture and the structure of the crop and livestock insurance markets? A comparison between the Czech Republic and Poland

Michał Soliwoda, Jindřich Špička, Václav Vilhelm, Joanna Pawłowska-Tyszko and Aleksander Gorzelak

Studies in Agricultural Economics, 2017, vol. 119, issue 2

Abstract: Given its strong dependence of its economic results on natural factors, agriculture is characterised by high exposure to risk. This paper explores the relationship between the prevailing ‘model of agriculture’ in a country and methods of risk management (in particular, insurance schemes). The Czech Republic and Poland are post-socialist countries which are characterised by different models of agricultural development. While agriculture in the Czech Republic is oriented to industrial farming with large farms, Polish agriculture has a bipolar structure that includes both small, family-owned farms and large agricultural holdings. Various approaches to agricultural insurance schemes may arise from the contrasting models of agriculture, and substantial differences in both the demand and supply sides of the crop and livestock insurance markets indicate different policy approaches to the role of agriculture in the economies of the two countries. In both the Czech Republic and Poland, policy options for farm risk management should consider the balance between budget flexibility and the criterion of efficiency (from the perspective of insurers).

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Consumer/Household Economics; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Financial Economics; Food Security and Poverty; Land Economics/Use; Livestock Production/Industries; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ags:stagec:262423

DOI: 10.22004/ag.econ.262423

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