Perception of Innovative Crop Insurance in Australia

M.P.M. Meuwissen, T.A. Molnar

Research output: Chapter in Book/Report/Conference proceedingConference paper

Abstract

Worldwide, extreme climate risks cause stakeholders in food supply chains to search for new risk management tools. In Australia, recently so-called crop yield simulation insurance has been introduced based on an integrated agrometeorological simulation model. Current uptake is relatively low, possibly because Australian farmers perceive commodity price risk as more important than climate risk. Also, they perceive risk management tools such as water management and diversification as more important than buying crop insurance. Still, opportunities seem to exist for new insurance products, such as crop yield simulation insurance, as indicated by farmers’ interest into such products. Outcomes are useful in worldwide discussions on risk management opportunities in dryland agriculture
Original languageEnglish
Title of host publicationProceedings of the 4th International European Forum on System Dynamics and Innovation in Food Networks, Innsbrück-Igls, Austria, 8-12 February 2010
Pages463-471
Publication statusPublished - 2010
Event4th International European Forum on System Dynamics and Innovation in Food Networks, Innsbrück-Igls, Austria -
Duration: 8 Feb 201012 Feb 2010

Conference

Conference4th International European Forum on System Dynamics and Innovation in Food Networks, Innsbrück-Igls, Austria
Period8/02/1012/02/10

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