The present dissertation is twofold and takes up several issues in two separate and independent articles. In chapter II, the hedging effectiveness of weather index-based insurance with regard to aggregation biases in the underlying risk exposure of aggregated yield time series is presented. The...

Sustainable intensification of agriculture requires the adoption of new production techniques, tools, and programmes on a large scale. This implies substantial shifts in established ways of farming under uncertain information about potential economic and environmental outcomes. Research can...

Adverse weather conditions can affect both crop yield quantity and yield quality. In wheat production, especially the risk of a downgrading due to low baking quality, as indicated by the Hagberg Falling Number, can cause large economic losses after precipitation events. We here estimate...