FEASIBILITY OF INCOME INSURANCE IN EUROPEAN AGRICULTURE

Miranda P.M. Meuwissen and Ruud B.M. Huirne

No 20947, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Liberalization of agricultural markets leads to new risks for European farmers. This paper studies the feasibility of income insurance schemes for European crop and livestock farmers. Different insurance topics, such as governmental reinsurance and the use of mutual insurance funds, are described and analyzed, using individual farm level data of different areas and commodities. In this paper it is argued that 'income' insurance in European agriculture should be restricted to yield-only insurance schemes that are organized per commodity and per region and in which governments play the role of 'lender of last resort.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 1998
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20947

DOI: 10.22004/ag.econ.20947

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