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Feasibility Of Income Insurance In European Agriculture

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  • Meuwissen, Miranda P.M.
  • Huirne, Ruud B.M.

Abstract

Liberalization of agricultural markets leads to new risks for European farmers. This paper studies the feasibility of income insurance schemes for European crop and livestock farmers. Different insurance topics, such as governmental reinsurance and the use of mutual insurance funds, are described and analyzed, using individual farm level data of different areas and commodities. In this paper it is argued that 'income' insurance in European agriculture should be restricted to yield-only insurance schemes that are organized per commodity and per region and in which governments play the role of 'lender of last resort.

Suggested Citation

  • Meuwissen, Miranda P.M. & Huirne, Ruud B.M., 1998. "Feasibility Of Income Insurance In European Agriculture," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20947, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20947
    DOI: 10.22004/ag.econ.20947
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    References listed on IDEAS

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    1. Dwight M. Jaffee & Thomas Russell, 1996. "Catastrophe Insurance, Capital Markets and Uninsurable Risks," Center for Financial Institutions Working Papers 96-12, Wharton School Center for Financial Institutions, University of Pennsylvania.
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    Cited by:

    1. Krämer, J. & Farwick, J., 2009. "Schäden in der Landwirtschaft durch Maul- und Klauenseuche: Simulationsrechnungen für ausgewählte Modellregionen," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 44, March.

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