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Income Stabilisation in a Changing Agricultural World: Policy and Tools

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  • Garrido, Alberto
  • Bielza, Maria

Abstract

This paper attempts to draw conclusions regarding Risk Management instruments (RMI) for potential development or expansion in the EU (Garrido and Bielza, 2007). Using data from EU countries, compiled in the course of two EU research projects about RMIs, we perform a cross-sectional analysis of the role of agricultural insurance and ad hoc payments. Tests of comparisons of means of key insurance data reveal the impact of insurance policies and the degree of competitiveness in supply side. While the presence of subsidies explains differences across EU member states' (MSs) insurance data, the degree of competitiveness is not a differentiating factor. In the last part of the paper, we rate a number of RMIs on the basis of a number of criteria. We conclude that RMIs on EU scale should be flexible enough to accommodate very diverse risk contexts, farmers’ demands and ongoing national programmes. Our conclusions may be useful in defining RMIs within the scope of European Agricultural Policy, and as an extension of similar studies (Cafiero et al. 2005; European Commission (2006a).

Suggested Citation

  • Garrido, Alberto & Bielza, Maria, 2008. "Income Stabilisation in a Changing Agricultural World: Policy and Tools," 108th Seminar, February 8-9, 2008, Warsaw, Poland 48108, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa108:48108
    DOI: 10.22004/ag.econ.48108
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    References listed on IDEAS

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    1. M.-J. J. Mangen & A. M. Burrell, 2003. "Who gains, who loses? Welfare effects of classical swine fever epidemics in the Netherlands," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 30(2), pages 125-154, June.
    2. Alberto Garrido & David Zilberman, 2008. "Revisiting the demand for agricultural insurance: the case of Spain," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 68(1), pages 43-66, May.
    3. Carl Johan Lagerkvist, 2005. "Agricultural policy uncertainty and farm level adjustments--the case of direct payments and incentives for farmland investment," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 32(1), pages 1-23, March.
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    Cited by:

    1. Meuwissen, Miranda P.M. & Van Asseldonk, Marcel A.P.M. & Pietola, Kyosti & Hardaker, J. Brian & Huirne, Ruud B.M., 2011. "Income insurance as a risk management tool after 2013 CAP reforms?," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114649, European Association of Agricultural Economists.
    2. ZGAJNAR, Jaka, 2016. "Simulation Model Based On Iacs Data; Alternative Approach To Analyse Sectoral Income Risk In Agriculture," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 19(1), pages 1-9, April.
    3. Hirschauer, N. & Mußhoff, O., 2009. "Risikomanagementinstrumente im Vergleich: Sollte man landwirtschaftliche Ernteversicherungen subventionieren? – Gute alte Argumente in einem neuen Streit," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 44, March.
    4. Figurek, A. & Vasković, U., 2017. "Determination of the relationship between outputs and inputs in agriculture in the EU member states," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 3(1), March.
    5. Robert Finger & Nadja El Benni & Timo Kaphengst & Clive Evans & Sophie Herbert & Bernard Lehmann & Stephen Morse & Nataliya Stupak, 2011. "A Meta Analysis on Farm-Level Costs and Benefits of GM Crops," Sustainability, MDPI, vol. 3(5), pages 1-20, May.

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