PL EN


2011 | 3(328) | 59-77
Article title

YIELD INSURANCE SCHEMES IN POLAND - ANALYSIS BASED ON VALUE-VARIANCE APPROACH (Ubezpieczenia produkcji rolniczej - analiza z zastosowaniem modelu opartego na sredniej i wariancji)

Authors
Content
Title variants
Languages of publication
PL
Abstracts
EN
In the paper the impact of yield insurance on farm net income and revenue volatility were investigated. The analyses were based on expected value-variance approach. In the first phase of the study a stochastic simulation was conducted in order to compute means and variances of revenues assuming scenario with and without insurance scheme. In the second phase, results obtained in the first step were incorporated into whole-farm non-linear programming model which optimized structure of crop production. The results indicate that under present legal regulations yield insurance schemes are not very attractive method of risk reduction from farmer's point of view. The main problem seems to be too high insurance premium in comparison to its level accepted by farmers. Moreover, attractiveness of insurance schemes seems to be reduced by direct payments system due to its positive impact on income stabilization.
Year
Issue
Pages
59-77
Physical description
Document type
ARTICLE
Contributors
  • Sulewski Piotr, Szkola Glowna Gospodarstwa Wiejskiego, Katedra Ekonomiki i Organizacji Przedsiebiorstw, ul. Nowoursynowska 166, 02-787 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA097910
YADDA identifier
bwmeta1.element.0532483d-92ff-30d8-aff8-7f69407becd4
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