Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms

Authors
Gallacher, Guillermo Marcos; Lema, Daniel; Galetto, Alejandro; Gastaldi, Laura
Publication Year
2015
Language
Spanish
Format
article
Status
Published version
Description
Research related to climate variability is particularly important in the current conditions faced by Argentine agriculture. These include (a) increased specialization in soybeans, with resulting reduced possibilities of risk-reduction though “portfolio” effects, (b) increased importance of agriculture in “non-traditional” areas, generally characterized by lower yields, higher yield variability and higher production and transport costs, (c) macroeconomic instability resulting in severe contraction and increased interest rates of credit and (d) upward trend in input use and per-acre production costs with consequent increase in break-even crop yields.This paper summarize recent research related to production variability in Argentine agriculture, as well as the consequences of this variability on efficiency and resource allocationand present an overview of strategies for coping with climate variability. We estimate possible benefits to agricultural producers of improved risk-transfer mechanisms. In particular, we obtainestimates of Willingness-to-Pay (WTP) of selected index-type insurance mechanisms for soybean and milk production and outline the requirements for the development of a risk-transfer market for agricultural producers.
Fil: Gallacher, Guillermo Marcos. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad del Cema; Argentina
Fil: Lema, Daniel. Instituto Nacional de Tecnología Agropecuaria. Centro Nacional de Investigaciones Agropecuarias. Instituto de Economía y Sociología; Argentina
Fil: Galetto, Alejandro. Universidad Austral; Argentina. Universidad Nacional de Rosario; Argentina
Fil: Gastaldi, Laura. Instituto Nacional de Tecnología Agropecuaria. Centro Regional Santa Fe. Estación Experimental Agropecuaria Rafaela; Argentina
Subject
Riesgo
Agricultura
Decisiones
Economía, Econometría
Economía y Negocios
CIENCIAS SOCIALES
Access level
Open access
License
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repository
CONICET Digital (CONICET)
Institution
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identifier
oai:ri.conicet.gov.ar:11336/74451