The paper aims at analysing rice-price volatility over the last ten years, and at identifying strengths and weaknesses of financial-risk management tools other than derivatives. In particular, it focuses on innovative insurance products, like revenue insurance products, and on their potential use in agriculture. Focus will be on EU Mediterranean countries, specifically on Italy, that is the main rice producer in this area. In Europe, the Common Agricultural Policy (CAP) provides risk management tools. For example, the income stabilization tool is a measure to manage income risks. Despite this, it is still not adopted. Our analysis is a first endeavour to emphasize the most relevant issues in creating revenue insurance products for rice farmers in the EU, with focus on the Italian market.

Price volatility and risk management : the case of rice in the EU / A. Banterle, D. Vandone. - In: ECONOMIA AGRO-ALIMENTARE. - ISSN 1126-1668. - 21:2(2019), pp. 255-274. [10.3280/ECAG2019-002005]

Price volatility and risk management : the case of rice in the EU

A. Banterle
Primo
;
D. Vandone
Secondo
2019

Abstract

The paper aims at analysing rice-price volatility over the last ten years, and at identifying strengths and weaknesses of financial-risk management tools other than derivatives. In particular, it focuses on innovative insurance products, like revenue insurance products, and on their potential use in agriculture. Focus will be on EU Mediterranean countries, specifically on Italy, that is the main rice producer in this area. In Europe, the Common Agricultural Policy (CAP) provides risk management tools. For example, the income stabilization tool is a measure to manage income risks. Despite this, it is still not adopted. Our analysis is a first endeavour to emphasize the most relevant issues in creating revenue insurance products for rice farmers in the EU, with focus on the Italian market.
agricultural commodity price volatility; rice price volatility; risk management; revenue insurance
Settore AGR/01 - Economia ed Estimo Rurale
Settore SECS-P/11 - Economia degli Intermediari Finanziari
2019
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/739743
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