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Weather Insurance To Protect Specialty Crops Against Costs Of Irrigation In Drought Years

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  • Mafoua, Edouard

Abstract

The purpose of this research is to develop a rainfall insurance product to insure irrigation costs applied to NAP crops, and to compare the efficacy of this insurance on a dollar basis relative to conventional crop insurance. An economic model is developed that illustrates the relationship between rainfall, crop yields, costs of irrigation and profits.

Suggested Citation

  • Mafoua, Edouard, 2003. "Weather Insurance To Protect Specialty Crops Against Costs Of Irrigation In Drought Years," 2003 Annual meeting, July 27-30, Montreal, Canada 21922, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21922
    DOI: 10.22004/ag.econ.21922
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    File URL: https://ageconsearch.umn.edu/record/21922/files/sp03ma13.pdf
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    References listed on IDEAS

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    1. Bardsley, Peter & Abey, Arun & Davenport, Scott V., 1984. "The Economics Of Insuring Crops Against Drought," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 28(1), pages 1-14, April.
    2. Calum G. Turvey, 2001. "Weather Derivatives for Specific Event Risks in Agriculture," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(2), pages 333-351.
    3. Calum G. Turvey, 2005. "The pricing of degree‐day weather options," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 65(1), pages 59-85, May.
    4. Takeshi Sakurai & Thomas Reardon, 1997. "Potential Demand for Drought Insurance in Burkina Faso and Its Determinants," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1193-1207.
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    Cited by:

    1. Turvey, Calum G. & Norton, Michael T., 2008. "An Internet-Based Tool for Weather Risk Management," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(1), pages 1-16, April.
    2. Buchholz, Matthias & Musshoff, Oliver, 2014. "The role of weather derivatives and portfolio effects in agricultural water management," Agricultural Water Management, Elsevier, vol. 146(C), pages 34-44.

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