POTENTIAL OF AGRICULTURAL PRODUCTION AND ITS IMPACT ON INSURANCE PREMIUMS
DOI:
https://doi.org/10.5937/ekoPolj1503705BKeywords:
agriculture, arable, insurance, premium, damage, growth and development.Abstract
Food production is becoming very important and it receives priority in relation to other activities in the world. As the number of inhabitants of the planet grows, food production has greater signifcance. Its production will certainly be affected by climate changes and the potential of agricultural land, which will be followed by changes in insurance cover of crops. Total area of arable land doesnt have the same quality, but its especially common for underdeveloped and developing countries is that arable land is not used in the appropriate percent. For Serbia which belongs to that group of countries with low yield on arable land, it can be pointed out that insurance does not cover a suffcient share of that area. The reason for this lies in the lack of trust of potential insured, habits and consciousness of the insured, economic policy pursued by the state in relation to this issue, inadequate training of insurance agents and the lack of proper insurance products.
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References
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3. Carter, C., Smith, A. (2007): Estimating the market effect of a food scare: The case of genetically modifed starlink corn, The Review of Economics and Statistics, vol. 89, no. 3, pp. 522-533, MIT Press Journals, Cambridge, MA, USA.
4. Chambers, R.G., Quiggin, J. (2004): Technological and fnancial approaches to risk management in agriculture: an integrated approach, Australian Journal of Agriculture and Resource Economics, vol. 48, no. 2, pp. 199-223, Wiley/Blackwell, Milton, Queensland, Australia.
5. Costello, R.M. (2012): Crop insurance: Iowa license exam manual, CreateSpace, Seattle, WA, USA.
6. Diaz-Caneja, B., Conte, M., Giulia, C., Pinilla, G., Javier, F. (2009): Risk management and agricultural insurance schemes in Europe, European Commission, The Institute for the Protection of the Citizen, Ispra, Italy.
7. Dragović, S. (2001): Potrebe i efekti navodnjavanja na povećanje i stabilizaciju prinosa u poljoprivrednim područjima Srbije, Zbornik radova Instituta za ratarstvo i povrtarstvo, vol. 35, pp. 445-456, Institut za ratarstvo i povrtarstvo, Novi Sad, Serbia.
8. Mahul, O., Stutley, C.J. (2010):Government support to agricultural insurance: challenges and option for developing countries, World Bank Publications, Washington DC, USA.
9. Maliva, R.G., Missimer, Th.M. (2012): Air Lands Water Evaluation and Management, New York, Springer, USA.
10. Marković, T., Jovanović, M. (2008): Postojeći sistemi osiguranja useva i plodova kao instrument za upravljanje rizikom u poljoprivredi, Agroekonomika, vol. 39-40, pp. 104- 110, Departman za ekonomiku poljoprivrede i sociologiju sela Poljoprivrednog fakulteta u Novom Sadu, Novi Sad, Serbia.
11. Morgan, W., Cotter, J., Dowd, K. (2012): Extreme measures of agricultural fnancial risk, Journal of Agricultural Economics, vol. 63, no. 1, pp. 65-82, Wiley, Hoboken, NJ, USA.
12. National Bank of Serbia, Insurance Sector in Serbia – Third Quarter Report, (available at: http://www.nbs.rs/export/sites/default/internet/english/60/60_6/insurance_III_2014.pdf).
13. Roberts, R. A. J. (2005): Insurance of crops in developing countries, Food and Agriculture Organization of the United Nations, Rome, Italy.
14. Statistical Offce of the Republic of Serbia (2012): Statistical Yearbook of the Republic of Serbia, Statistical Offce of the Republic of Serbia, Belgrade, Serbia.
15. Swiss Re (2011): Product innovation in non-life insurance markets, Sigma, No. 4, pp. 1-36, Swiss Re, Zurich, Switzerland.
16. Swiss Re (2011a): Insurance in emerging markets: growth drivers and proftability, Sigma, No. 5, pp. 1-35, Swiss Re, Zurich, Switzerland.
17. Tsakiris, G., Vangelis, H. (2005): Establishing a Drought Index Incorporating Evapotranspiration, European Water, 9/10, pp. 3-11, E. W. Publications, Athens, Greece.
18. Vukoje, A. (2013): Faktori egzistencije kao uslov stvaranja tržišne pozicije preduzeća, Oditor, no. 5, pp. 27-37, CEFIS, Beograd, Srbija.
19. Wright B. D., Hewitt J. A. (1994): All-risk crop insurance: lessons from theory and experience. In: Hueth D.L. and Furtan W.H. (Editors), Economics of agricultural crop insurance: theory and evidence, Springer, New York, USA.
20. Republički geodetski zavod, Popis poljoprivrede, 2012. (available at: www.rgz.gov.rs).
21. Žarković, N., Toscano, B., Mrksic, D., Lisov M. (2014): Key features of crop insurance in Serbia, Bulgarian Journal of Agricultural Science, Vol. 20, No. 1, 23-33, Agricultural Academy, Sophia, Bulgaria.
22. http://www.nbs.rs/export/sites/default/internet/english/60/60_2/izvestaji/god_T1-T2_2012.pdf.
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Published
2015-09-30
How to Cite
Birovljev, J., Vojinović, Željko, & Balaban, M. (2015). POTENTIAL OF AGRICULTURAL PRODUCTION AND ITS IMPACT ON INSURANCE PREMIUMS. Economics of Agriculture, 62(3), 705–722. https://doi.org/10.5937/ekoPolj1503705B
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Review articles
