Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations

Winter in 2016 was the hottest ever, with rain and snow decreasing by more than 20% in Italy, and crops at risk due to the dry climate

Fabian Capitanio; Antonio De Pin

2018

Scholarcy highlights

  • Winter in 2016 was the hottest ever, with rain and snow decreasing by more than 20% in Italy, and crops at risk due to the dry climate
  • (4) The current insurance system impasse demonstrates that the producer hardly accepts to policies which do not convert into an immediate income benefit
  • The insurable value in the DOCG area equals the expected output in the procedural guideline, which for the Prosecco is equal to 135 quintals per hectare
  • With regards to the last point, the European risk management policy supports the attempt to adjust to global rules, despite the subsequent loss of efficiency and efficacy of the instruments, while the farmers only partly become the recipients of the benefits
  • The evolution of the subsidized insurance market has greatly grown after the implementations made in 2005
  • The too generic profile of the current insurance offer, cannot safeguard a great part of the primary production in Italy, so less than 20% of the gross saleable production has proved to be insured in 2017
  • In the impasse of the recent years, by contrast, the lowering tariffs and the subsidy to the policy premiums were opposed by the adverse timing of the distribution of the contributions—which might require years—and the lack of adherence to the specific risk profiles of the territories and cultures of the current insurance offer
  • The frequency density verified in the empirical analysis does not seem probative, considering the relatively short timeframe analyzed

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