Extreme weather events and crop insurance demand.

Heliyon

Department of Agricultural Sciences, Food, Natural Resources and Engineering, University of Foggia, Italy.

Published: April 2024

AI Article Synopsis

  • Floods, droughts, and frost create significant challenges for agriculture, impacting farmers and their crops.
  • Subsidised crop insurance is a key strategy that helps farmers better handle these extreme weather events, particularly in regions where such events are more common, like the South.
  • The article suggests that current agricultural policies should be reformed to adopt a more comprehensive approach to risk management, focusing on overall resilience rather than just insurance.

Article Abstract

Flood, drought, and frost may be disruptive events for agriculture. The subsidised crop insurance schemes are coping strategies that increase farms resilience to weather shocks and in fact the occurrence of extreme weather events and the level of subsidised crop insurance are correlated. Stronger evidence is found in Southern geographical areas, where drought (a major risking risk) is more frequent, and for spring-summer crops, that are less resilient to weather shocks. The article points at the need to reform extant policies to move toward a holistic approach for risk management.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC10979153PMC
http://dx.doi.org/10.1016/j.heliyon.2024.e27839DOI Listing

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