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Agricultural Risk Management in Europe

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Publication date
06/07/2007
Number of Pages
22
Language:
English
Type of Publication:
Event Reports
Studies
Focus Region:
Europe
Focus Topic:
Agricultural Value Chains / Agri-Businesses
Type of Risk:
Biological & environmental
Market-related
Weather & Climate related
Type of Risk Managment Option:
Risk reduction/mitigation
Commodity:
Crops
Livestock
Author
Maria Bielza, Josef Stroblmair, Javier Gallego
Organization
European Joint Research Center (JRC)

This paper is based on a study performed by the IPSC-Agrifish unit of Joint Research Centre (JRC) of the European Commission for DG Agriculture under request of the European Parliament. Most information comes from fact sheets collected by experts or consultants in the different countries. The paper makes a review of the agricultural risks management systems in Europe (EU27) with a special focus on agricultural insurances. The different types of agricultural insurance systems in Europe and key figures in each country are analyzed. Some technicalities like reinsurance, triggers and deductibles are described. The relationship between Government involvement and insurance development is highlighted. Usually, private companies insure only hail and fire, but as the government involvement in insurance increases, more comprehensive coverage is provided by the insurance system, becoming possible the insuring of agricultural systemic risks.