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The development of Hungarian agricultural insurance system

Author

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  • Kemény, Gábor
  • Varga, Tibor
  • Fogarasi, József
  • Tóth, Kristóf

Abstract

Agricultural insurance is one of the financial tools that agricultural producers can potentially use to cope with increasing risks in their activity. Experiences accumulated on insurance markets demonstrate that the development of a proper agricultural insurance product can not be reached without a governmental intervention mainly due to the systemic risk and information asymmetries. The aim of this paper is to present the Hungarian agricultural insurance system and its possible development. Using the farm level economic and meteorological data we assess the costs of introducing drought and soil submersion insurance products and the possible insurance premiums for these agricultural products.

Suggested Citation

  • Kemény, Gábor & Varga, Tibor & Fogarasi, József & Tóth, Kristóf, 2012. "The development of Hungarian agricultural insurance system," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-10, September.
    • Handle: RePEc:ags:polpwa:195284
    DOI: 10.22004/ag.econ.195284
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    References listed on IDEAS

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    1. Sporri, Martina & Baráth, Lajos & Bokusheva, Raushan & Ferto, Imre, 2012. "The Impact of Crop Insurance on the Economic Performance of Hungarian Cropping Farms," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122525, European Association of Agricultural Economists.
    2. Joshua D. Woodard & Alexander D. Pavlista & Gary D. Schnitkey & Paul A. Burgener & Kimberley A. Ward, 2012. "Government Insurance Program Design, Incentive Effects, and Technology Adoption: The Case of Skip-Row Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(4), pages 823-837.
    3. Schnitkey, Gary, 2012. "Crop Insurance in 2012," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 2, July.
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    Cited by:

    1. Kemeny, Gabor & Varga, Tibor & Fogarasi, Jozsef & Nemes, Attila, 2013. "The effects of weather risks on micro-regional agricultural insurance premiums in Hungary," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 115(1), pages 1-8, February.
    2. Burja Vasile & Burja Camelia, 2017. "Financial Performance And The Business Risk In Agricultural Sector Of Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 75-82, June.

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