Income insurance in sugar beet production with weather derivatives
Osiguranje dobiti u proizvodnji šećerne repe primenom vremenskih derivata
Apstrakt
In the past, farmers have bought insurance for protection against fluctuations in crop yields caused by weather risks. Relatively new tools for risk management in plant production are weather derivatives. Although weather derivatives show many advantages over traditional, the market for these products is still relatively limited. Therefore, it is necessary to quantify the effect of risk reduction that can be achieved by using weather derivatives on the example of selected farm in north-eastern part of Srem, Serbia. If the field of production is close to the meteorological station, and if a high correlation between weather indices and yield of sugar beet is assumed, then the effect of risk reduction is significant (up to 37,18 %).
U prošlosti su poljoprivrednici kupovinom osiguranja pokušali da se zaštite od kolebanja prinosa useva i plodova uslovljenih vremenskim rizicima. Relativno nov instrument za upravljanje rizikom u biljnoj proizvodnji predstavljaju vremenski derivati. Iako vremenski derivati pokazuju brojne prednosti u odnosu na klasično osiguranje, tržište ovih proizvoda još uvek je relativno malo. Zbog toga je potrebno na primeru šećerne repe na izabranom individualnom gazdinstvu u severoistočnom Sremu kvantifikovati efekat smanjenja rizika koji se postiže upotrebom vremenskih derivata. Ukoliko je mesto proizvodnje u neposrednoj blizini meteorološke stanice i ako je pretpostavljena visoka korelacija između količine padavina i prinosa šećerne repe, onda je značajna efikasnost smanjenja rizika (do 37,18%).
Ključne reči:
cost / profit / rainfall / revenue / sugar beet / weather derivatives / dobit / količina padavina / šećerna repa / troškovi / vrednost proizvodnje / vremenski derivatiIzvor:
Ratarstvo i povrtarstvo, 2012, 49, 2, 146-150Izdavač:
- Institut za ratarstvo i povrtarstvo, Novi Sad
Finansiranje / projekti:
- Održiva poljoprivreda i ruralni razvoj u funkciji ostvarivanja strateških ciljeva Republike Srbije u okviru dunavskog regiona (RS-MESTD-Integrated and Interdisciplinary Research (IIR or III)-46006)
Institucija/grupa
Poljoprivredni fakultetTY - JOUR AU - Marković, Todor AU - Ivanović, Sanjin AU - Todorović, Saša PY - 2012 UR - http://aspace.agrif.bg.ac.rs/handle/123456789/2924 AB - In the past, farmers have bought insurance for protection against fluctuations in crop yields caused by weather risks. Relatively new tools for risk management in plant production are weather derivatives. Although weather derivatives show many advantages over traditional, the market for these products is still relatively limited. Therefore, it is necessary to quantify the effect of risk reduction that can be achieved by using weather derivatives on the example of selected farm in north-eastern part of Srem, Serbia. If the field of production is close to the meteorological station, and if a high correlation between weather indices and yield of sugar beet is assumed, then the effect of risk reduction is significant (up to 37,18 %). AB - U prošlosti su poljoprivrednici kupovinom osiguranja pokušali da se zaštite od kolebanja prinosa useva i plodova uslovljenih vremenskim rizicima. Relativno nov instrument za upravljanje rizikom u biljnoj proizvodnji predstavljaju vremenski derivati. Iako vremenski derivati pokazuju brojne prednosti u odnosu na klasično osiguranje, tržište ovih proizvoda još uvek je relativno malo. Zbog toga je potrebno na primeru šećerne repe na izabranom individualnom gazdinstvu u severoistočnom Sremu kvantifikovati efekat smanjenja rizika koji se postiže upotrebom vremenskih derivata. Ukoliko je mesto proizvodnje u neposrednoj blizini meteorološke stanice i ako je pretpostavljena visoka korelacija između količine padavina i prinosa šećerne repe, onda je značajna efikasnost smanjenja rizika (do 37,18%). PB - Institut za ratarstvo i povrtarstvo, Novi Sad T2 - Ratarstvo i povrtarstvo T1 - Income insurance in sugar beet production with weather derivatives T1 - Osiguranje dobiti u proizvodnji šećerne repe primenom vremenskih derivata EP - 150 IS - 2 SP - 146 VL - 49 DO - 10.5937/ratpov49-1132 ER -
@article{ author = "Marković, Todor and Ivanović, Sanjin and Todorović, Saša", year = "2012", abstract = "In the past, farmers have bought insurance for protection against fluctuations in crop yields caused by weather risks. Relatively new tools for risk management in plant production are weather derivatives. Although weather derivatives show many advantages over traditional, the market for these products is still relatively limited. Therefore, it is necessary to quantify the effect of risk reduction that can be achieved by using weather derivatives on the example of selected farm in north-eastern part of Srem, Serbia. If the field of production is close to the meteorological station, and if a high correlation between weather indices and yield of sugar beet is assumed, then the effect of risk reduction is significant (up to 37,18 %)., U prošlosti su poljoprivrednici kupovinom osiguranja pokušali da se zaštite od kolebanja prinosa useva i plodova uslovljenih vremenskim rizicima. Relativno nov instrument za upravljanje rizikom u biljnoj proizvodnji predstavljaju vremenski derivati. Iako vremenski derivati pokazuju brojne prednosti u odnosu na klasično osiguranje, tržište ovih proizvoda još uvek je relativno malo. Zbog toga je potrebno na primeru šećerne repe na izabranom individualnom gazdinstvu u severoistočnom Sremu kvantifikovati efekat smanjenja rizika koji se postiže upotrebom vremenskih derivata. Ukoliko je mesto proizvodnje u neposrednoj blizini meteorološke stanice i ako je pretpostavljena visoka korelacija između količine padavina i prinosa šećerne repe, onda je značajna efikasnost smanjenja rizika (do 37,18%).", publisher = "Institut za ratarstvo i povrtarstvo, Novi Sad", journal = "Ratarstvo i povrtarstvo", title = "Income insurance in sugar beet production with weather derivatives, Osiguranje dobiti u proizvodnji šećerne repe primenom vremenskih derivata", pages = "150-146", number = "2", volume = "49", doi = "10.5937/ratpov49-1132" }
Marković, T., Ivanović, S.,& Todorović, S.. (2012). Income insurance in sugar beet production with weather derivatives. in Ratarstvo i povrtarstvo Institut za ratarstvo i povrtarstvo, Novi Sad., 49(2), 146-150. https://doi.org/10.5937/ratpov49-1132
Marković T, Ivanović S, Todorović S. Income insurance in sugar beet production with weather derivatives. in Ratarstvo i povrtarstvo. 2012;49(2):146-150. doi:10.5937/ratpov49-1132 .
Marković, Todor, Ivanović, Sanjin, Todorović, Saša, "Income insurance in sugar beet production with weather derivatives" in Ratarstvo i povrtarstvo, 49, no. 2 (2012):146-150, https://doi.org/10.5937/ratpov49-1132 . .