Can satellite-retrieved data increase farmers' willingness to insure against drought? – Insights from Germany

Eike Florenz Nordmeyer, Michael Danne and Oliver Musshoff

Agricultural Systems, 2023, vol. 211, issue C

Abstract: As the demand for index insurance in Europe remains low, the use of satellite-retrieved data has received considerable research attention because it can reduce the basis risk, increase hedging effectiveness and thus potentially increase the attractiveness of index insurance to farmers. However, there is limited knowledge on farmers' demand and specific preferences for satellite-based index insurance.

Keywords: Satellite data; Risk management; Index insurance; Discrete choice experiment (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:agisys:v:211:y:2023:i:c:s0308521x23001233

DOI: 10.1016/j.agsy.2023.103718

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