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Can satellite-retrieved data increase farmers' willingness to insure against drought? – Insights from Germany

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  • Nordmeyer, Eike Florenz
  • Danne, Michael
  • Musshoff, Oliver

Abstract

As the demand for index insurance in Europe remains low, the use of satellite-retrieved data has received considerable research attention because it can reduce the basis risk, increase hedging effectiveness and thus potentially increase the attractiveness of index insurance to farmers. However, there is limited knowledge on farmers' demand and specific preferences for satellite-based index insurance.

Suggested Citation

  • Nordmeyer, Eike Florenz & Danne, Michael & Musshoff, Oliver, 2023. "Can satellite-retrieved data increase farmers' willingness to insure against drought? – Insights from Germany," Agricultural Systems, Elsevier, vol. 211(C).
    • Handle: RePEc:eee:agisys:v:211:y:2023:i:c:s0308521x23001233
    DOI: 10.1016/j.agsy.2023.103718
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