Agricultural Insurance and Risk Management

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Risk".

Deadline for manuscript submissions: closed (31 October 2021) | Viewed by 3173

Special Issue Editor


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Guest Editor
Department of Insurance, Poznań University of Economics, al. Niepodległości 10, 61-875 Poznań, Poland
Interests: risk management; agrucultural insurance; mutual fund; system pension

Special Issue Information

Dear Colleagues,

Agricultural producers can apply different strategies for risk management. In many cases, the decision to use insurance as a financing method depends on the farmer's preferences, existing state subsidies, or the compulsion to use specific solutions. However, the dynamics of climate, organizational, and technological changes make it more and more difficult to maintain the stable functioning of farms without any insurance or other tools of financing losses. Therefore, it is necessary to consider how risk management instruments in agriculture should be shaped and the role of insurance.

We kindly invite you to submit studies that show practical solutions and theoretical discussions in building risk management tools in agriculture. Technological development and the use of satellite images, high insurance premiums, and farmers' low inclination towards insurance are problems faced by almost all countries.

This Special Issue will be a place of wide discussion from different perspectives and will provide a valuable overview of the global experiences of these issues.

Dr. Krzysztof Łyskawa
Guest Editor

Manuscript Submission Information

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Risk management
  • Crop insurance
  • Livestock insurance
  • Microinsurance and index insurance
  • Subsidizing premiums and risk management
  • Demand and supply for agricultural insurance
  • Mutual funds
  • Using technology in the development of agricultural insurance

Published Papers (1 paper)

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Research

20 pages, 4059 KiB  
Article
Simultaneous Analysis of Insurance Participation and Acreage Response from Subsidized Crop Insurance for Cotton
by Ibrahima Sall and Russell Tronstad
J. Risk Financial Manag. 2021, 14(11), 562; https://doi.org/10.3390/jrfm14110562 - 22 Nov 2021
Cited by 1 | Viewed by 1871
Abstract
US crop insurance is subsidized to encourage producers to participate and reduce their risk exposure. However, what has been the impact of these subsidies on insurance demand and crop acres planted? Using a simultaneous system of two equations, we quantify both insurance participation [...] Read more.
US crop insurance is subsidized to encourage producers to participate and reduce their risk exposure. However, what has been the impact of these subsidies on insurance demand and crop acres planted? Using a simultaneous system of two equations, we quantify both insurance participation and acreage response to subsidized crop insurance for cotton-producing counties across the US at the national and regional levels. We also quantify the impact of both the realized rate of return and the expected subsidy per pound, plus the combined effects of expected yield and price while accounting for the adoption of Bacillus thuringiensis (Bt) technology and other factors. Results show that both the rate of return and the expected subsidy per unit of production have a statistically significant and positive effect on the percentage of arable acres planted. Furthermore, the marginal effect of expected price on insurance participation is much more significant for low- than high-yield counties. Results indicate that not all regions respond the same to subsidized crop insurance and that subsidies should be based on dollars per expected unit of production rather than expected production to be less distorting. Overall, US cotton acreage response is estimated to be inelastic (0.58) to insurance participation. Full article
(This article belongs to the Special Issue Agricultural Insurance and Risk Management)
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