Perception of Innovative Crop Insurance in Australia

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.


Editor(s):
Schiefer, Gerhard
Fritz, Melanie
Rickert, Ursula
Issue Date:
2010-10
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
ISBN 978-3-941766-03-7 (Other)
PURL Identifier:
http://purl.umn.edu/100505
Page range:
463-471
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-26

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