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Feasibility of an Area-Yield Insurance Scheme in the EU: Evidence from Finland

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  • Petri Liesivaara
  • Sami Myyrä

Abstract

type="graphical" xml:id="euch12096-abs-0101"> Yield variability increases farm income volatility. This volatility is expected to increase as the frequency of extreme weather events intensifies with climate change. Preparation is needed in farm practices, but also in economic risk management on farms. In the EU, new crop insurance schemes are to be founded on public–private partnerships. Member States and the EU will subsidise farmers purchasing crop insurance from private insurance companies or mutual funds. At the same time, the EU is signalling that basis risk, i.e. potential mismatch between insurance pay-out and actual crop losses at the farm level will not be tolerated.

Suggested Citation

  • Petri Liesivaara & Sami Myyrä, 2015. "Feasibility of an Area-Yield Insurance Scheme in the EU: Evidence from Finland," EuroChoices, The Agricultural Economics Society, vol. 14(3), pages 28-33, December.
    • Handle: RePEc:bla:eurcho:v:14:y:2015:i:3:p:28-33
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    File URL: http://hdl.handle.net/10.1111/euch.2015.14.issue-3
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    Cited by:

    1. Ramsey, Austin Ford & Santeramo, Fabio Gaetano, 2017. "Crop Insurance in the European Union: Lessons and Caution from the United States," MPRA Paper 79164, University Library of Munich, Germany.
    2. Fabio G. Santeramo & A. Ford Ramsey, 2017. "Crop Insurance in the EU: Lessons and Caution from the US," EuroChoices, The Agricultural Economics Society, vol. 16(3), pages 34-39, December.

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