The possibility of drought risk reduction in corn production.

Q4 Biochemistry, Genetics and Molecular Biology
N. Pajić, T. Marković
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引用次数: 0

Abstract

Weather derivatives are contemporary instruments for insurance risk of drought in agricultural production. Corn production is particularly sensitive to this risk, and the amount of the yield of this crop is in significant correlation with the July-August rainfall amount. Oscillations of production output, caused by the risk of drought, are reflected directly on the fluctuations of the financial result. The application of weather derivatives may decrease the variability of the mentioned economic parameter in corn production. In the investigated example of corn production, simulating the application of the weather option the coefficient of variation of realized financial results decreased by 9.64% compared to the version without the insured risk. At the same time, using the analysed insurance instrument, the risk of achieving a negative financial result is eliminated.
玉米生产中干旱风险降低的可能性。
天气衍生品是农业生产中干旱风险保险的现代工具。玉米产量对这一风险尤为敏感,且产量与7 - 8月降雨量呈显著相关。干旱风险造成的生产产出波动直接反映在财务结果的波动上。应用天气衍生物可以降低上述经济参数在玉米生产中的变异性。以玉米生产为例,模拟应用天气期权,实现财务结果的变异系数比未投保风险的版本降低了9.64%。同时,利用分析的保险工具,消除了实现负面财务结果的风险。
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来源期刊
Ratarstvo i Povrtarstvo
Ratarstvo i Povrtarstvo Agricultural and Biological Sciences-Soil Science
CiteScore
0.80
自引率
0.00%
发文量
4
审稿时长
4 weeks
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