Download This PaperThe Adoption of Agricultural Insurance to Manage Farm Risk: Preliminary Evidences from a Field Survey among Italian and Polish Farmers
The CAP and National Priorities within the EU Budget after 2020, ed. M. Wigier, A. Kowalski, series "Monographs of Multi-Annual Programme" no 75.1, IAFE-NRI, Warsaw 2018; ISBN 978-83-7658-751-6
19 Pages Posted: 22 Jan 2019
Date Written: 2018
Abstract
Among EU Member States, Italian and Polish agriculture recorded the highest number of farms with income losses, due to adverse climatic events and market related risks. In line with its primary challenge of managing risk in agriculture, the Common Agricultural Policy encourages farmers’ adoption of risk management tools as insurance, which covers against production losses due to many different risks. However, the success of this instrument seems to be very heterogeneous and the efforts to examine this are still limited in the literature. This paper provides some preliminary insights from a field survey among farmers in Poland and Italy. In particular, differences in behavioural aspects (e.g. perceptions, preferences) related to risk at farm level and insurance tool were investigated, showing some differences between producers in these two EU Member States.
Keywords: risk management, insurance scheme, Common Agricultural Policy, risk perception
JEL Classification: G32, Q18
Suggested Citation: Suggested Citation