More insurance subsidies for European farmers – is it needed?

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dc.contributor.authorLóránt, Anna
dc.contributor.authorFarkasné Fekete, Maria
dc.date.accessioned2021-06-28T11:15:44Z
dc.date.available2021-06-28T11:15:44Z
dc.date.issued2015-12-30
dc.description.abstractIn addition to traditional sources of uncertainties, such as market price volatility and animal and plant health-related risks, the impacts of climate change have recently become a major concern in the agricultural sector throughout the world. Insurance has been commonly proposed as a key instrument in farm risk management, and agricultural insurance schemes have become more widespread both in developed and developing countries. We conducted a case study in the UK to investigate farmers’ risk perception and willingness to pay for crop insurance by using contingent valuation method (CVM). Similarly to the experience from developing countries, we found that farmers are less willing to pay for insurance, however they do take actions to reduce their risks. While these results suggest that the provision of premium subsidies to European farmers can be justified; in order to avoid counter-productive policy outcomes, one may consider the introduction of a risk-based approach in agricultural risk management. JEL classification: Q14en
dc.formatapplication/pdf
dc.identifier.citationApplied Studies in Agribusiness and Commerce, Vol. 9 No. 4 (2015) , 33-38
dc.identifier.doihttps://doi.org/10.19041/APSTRACT/2015/4/4
dc.identifier.eissn1789-7874
dc.identifier.issn1789-221X
dc.identifier.issue4
dc.identifier.jatitleAPSTRACT
dc.identifier.jtitleApplied Studies in Agribusiness and Commerce
dc.identifier.urihttps://hdl.handle.net/2437/317750en
dc.identifier.volume9
dc.languageen
dc.relationhttps://ojs.lib.unideb.hu/apstract/article/view/6817
dc.rights.accessOpen Access
dc.rights.ownerUniversity of Debrecen, Faculty of Economics and Business, Hungary
dc.subjectagricultureen
dc.subjectrisk managementen
dc.subjectinsuranceen
dc.subjectclimate changeen
dc.subjectrisk reductionen
dc.titleMore insurance subsidies for European farmers – is it needed?en
dc.typefolyóiratcikkhu
dc.typearticleen
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APSTRACT - Applied Studies in Agribusiness and Commerce