The impacts of extreme weather events on crop production are largely heterogeneous along the timing dimension of the shocks, and the varieties being affected. We investigate the yield-temperature relationships for three categories of earliness of durum wheat: early-maturing, middle-maturing, and...

Farmers may use financial market instruments to hedge price risks. Moreover, various types of insurance products are on the market to protect against production losses. An insurance that covers losses of both input and output prices was recently introduced in the USA. We develop this concept...

This paper presents a concept of a system allowing farmers to insure against price risk of inputs and products. The insurance existing in agriculture so far (against hail and drought) did not cover incomes. The basic insurance category, which also takes into account the prices of products and...

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...

This study summarizes cost estimates based on the EU Farm Accountancy Data Network using the General Cost of Production Model, developed, applied and tested within the FACEPA project. Results are provided for wheat, pigs and milk for the main producer countries of the EU for the period 1999 to...