Open AccessEl seguro de ingresos como instrumento de estabilización de las rentas de los agricultores: Aplicación al sector olivarero español
Author(s) -
María Bielza Diaz-Caneja,
Alberto Garrido Colmenero,
José Ma Sumpsi Viñas
Publication year - 2011
Publication title -
economía agraría y recursos naturales/economía agraria y recursos naturales
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.304
H-Index - 9
eISSN - 2174-7350
pISSN - 1578-0732
DOI - 10.7201/earn.2002.01.02
Subject(s) - revenue , yield (engineering) , productivity , production (economics) , insurance policy , reinsurance , welfare economics , economics , business , actuarial science , finance , microeconomics , macroeconomics , materials science , metallurgy
This paper analises a set of revenue stabilisation policies for Spanish olive oil growers, including yield and revenue insurance schemes. In theory and under certain assumptions, revenue insurance provides cheaper revenue stabilisation than a combination of price and yield insurance. After reviewing several revenue insurance experiences, an application is developed to compare various policies that include the actual production aid, tree aid, yield insurance and revenue insurance. The comparison is made taking into account the efficacy of public expenditure’s efficiency and the risk reduction potential. Results do not back the assertion that a revenue insurance scheme would be a superior policy than the current policy, that includes a production aid and yield insurance. It is shown that revenue insurance requires less reinsurance protection than yield insurance, making it cheaper on relative terms. Lastly, the analyses at provincial level show that the results of each studied policy are sharply different based on the risks and productivity that characterise each province.