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Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 531444
Title Government spending under alternative yield risk management schemes in Finland
Author(s) Liesivaara, Petri; Gielen-Meuwissen, M.P.M.; Myyrä, Sami
Source Agricultural and Food Science 26 (2017)4. - ISSN 1459-6067 - p. 223 - 232.
DOI https://doi.org/10.23986/afsci.65247
Department(s) WASS
Business Economics
Publication type Refereed Article in a scientific journal
Publication year 2017
Abstract The need for efficient risk management has increased in agriculture, as farmers are facing greater risks, for instance, due to climate change, price liberalisation and new plant diseases. The development of yield insurances is ongoing in many EU member countries. In Finland, the northernmost EU country, a government-financed crop damage compensation (CDC) scheme has been abolished. In this study, we analysed how the government´s expenditure would change due to the policy shift and provide insight into the tails of the loss distribution of a crop insurance scheme based on individual farm yields. According to a stochastic simulation model, the mean expenditures for the government as well as the variability in expenditure between years are expected to be lower as a result of the policy shift. The results obtained support the government’s decision to terminate the CDC scheme.
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