An Internet-Based Tool for Weather Risk Management

Calum Turvey and Michael Norton

Agricultural and Resource Economics Review, 2008, vol. 37, issue 1, 63-78

Abstract: This paper introduces a web-based computer program designed to evaluate weather risk management 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.

Date: 2008
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