Weather Insurance of Wine - How Quantity and Quality Regulations Affect Risks

Martial Phélippé-Guinvarc'H ()
Additional contact information
Martial Phélippé-Guinvarc'H: Groupama - Agricultural Insurance Service of GROUPAMA - Agricultural Insurance Service of GROUPAMA

Post-Print from HAL

Abstract: To develop weather insurance, GROUPAMA builds a general model of agronomic crop yield density function. This approach is applied for cereal, industrial products, wine and fruits. From the density function, weather risk premium is computed. The wine-producing practices disturb our approach of risks. First, wine yields are limited by public regulations. Second, some cooperatives applied quality regulations. Then, observed crop yields are not agronomic crop yields needed by the model. The paper proposes a simulation process to estimate the agronomic parameters of areas crop yields from observed crop yields data. This process is tested on Champagne wine historical data. We measure too the impact of the quantity rules on our estimation of premium. Next, the paper analyses impact on quality on the idiosyncratic risk and on the premium. It results that agronomic parameters give cheaper premium estimation. Because rigorous growing process is implemented, include quality risk is not systemically more expensive but need to compute an individual analyse.

Keywords: Crop Production/Industries; Environmental Economics and Policy; Risk and Uncertainty; Weather Insurance; Wine; Quality Insurance; Regulations impacts on Risks (search for similar items in EconPapers)
Date: 2007-07-05
References: Add references at CitEc
Citations:

Published in 101st Seminar of European Association of Agricultural Economists, European Association of Agricultural Economists, Jul 2007, Berlin, Germany. ⟨10.22004/ag.econ.9258⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04523727

DOI: 10.22004/ag.econ.9258

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().