Staff Publications

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 553242
Title Landwirtschaftliches Risikomanagement in der Europäischen Union: Ein Vorschlag um vorsorgliches Sparen zu ermöglichen
Author(s) Asseldonk, Marcel van; Jongeneel, Roel; Kooten, Cornelis van; Cordier, Jean
Source EuroChoices 18 (2019)2. - ISSN 1478-0917 - p. 40 - 46.
DOI https://doi.org/10.1111/1746-692X.12230
Department(s) Innovation- and Risk Management and Information Governance
WASS
International Policy
Agricultural Economics and Rural Policy
Publication type Refereed Article in a scientific journal
Publication year 2019
Abstract

Through a series of reforms, the European Union (EU) replaced most of its trade distorting price support programmes with safety net provisions and direct payments decoupled from production. This has resulted in greater market orientation and a situation in which farmers face increased price variability. Policy now emphasises the development of business risk management (BRM) programmes, such as crop and whole farm insurance. However, for various reasons EU-wide adoption of BRM programmes and farmer uptake and use of risk instruments is below expectations. We recommend the use of farm-specific savings accounts upon which farmers can draw when revenues fall below a proportion of expected revenue. Farmer-Directed Precautionary Savings Accounts (FDPSAs) would complement traditional non-financial, on-farm risk management strategies and private/public risk transfer strategies. FDPSAs would protect farmers against shallow losses and, along with crop and/or index-based insurance, also protect against deep losses. Further, this form of protection is easy to understand and administer and leaves complete control with the producer.

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