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Crop Insurance as a Strategy to Adapt to Climate Change.. Di Falco S., Adinolfi F., Bozzola M., Capitanio F. 2014. “Crop Insurance as a Strategy to Adapt to Climate Change.” Journal of Agricultural Economics 65 (2): 485–504.

Policy implications of climate variability on agriculture: Water management in the Po river basin, Italy. Bozzola, M. and T. Swanson. 2014. “Policy implications of climate variability on agriculture: Water management in the Po river basin, Italy.” Environmental Science & Policy 43: 26–38.





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© 2017 MWF Society | European University Institute · Villa Paola · EUI Campus · Via dei Roccettini, 9 · 50014 San Domenico di Fiesole (FI) - Italy

Crop Insurance as a Strategy to Adapt to Climate Change.

Martina Bozzola

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Abstract

Financial insurance for extreme events can play an important role in hedging against the implications of climate change. This paper combines a comprehensive estimation strategy and a unique panel dataset to study the role of financial insurance in farmers' welfare under uncertainty. Data are drawn from a large Italian farm panel dataset. We find that (i) demand for insurance products is likely to increase in response to climatic conditions, and (ii) that the use of insurance reduces the extent of risk exposure. We also find that farms growing more crops are less likely to adopt the insurance scheme. This confirms what is found in the theoretical literature. Crop diversification can be a substitute for financial insurance in hedging against the impact of risk exposure on welfare.

Bibliographical information

Di Falco S., Adinolfi F., Bozzola M., Capitanio F. 2014. “Crop Insurance as a Strategy to Adapt to Climate Change.” Journal of Agricultural Economics 65 (2): 485–504.

The Author

Martina Bozzola Martina Bozzola
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Policy implications of climate variability on agriculture: Water management in the Po river basin, Italy

Martina Bozzola

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Abstract

This paper discusses the policy implications of changing hydro-climatic conditions for water management in the Po river valley. This area is characterized by heterogeneous topographical features and intensive water use in agriculture. The first and most fundamental level of adaptation to climate change in agriculture occurs at the level of the local farmer. Farmers undertake strategies to adapt to the form of climate change that they are able to foresee, through observation of the recent trends in indicators such as average temperatures and average precipitation. However, they can do little to respond to the greater uncertainty inherent in climate change. The role of policy will be to address this residual uncertainty, investing in institutions and infrastructure. Notably, climate variability implies a water storage problem: we discuss the different roles that the private and public sector can play in managing the water stock across space and time to prevent agricultural yield fluctuations causing welfare loss.

Bibliographical information

Bozzola, M. and T. Swanson. 2014. “Policy implications of climate variability on agriculture: Water management in the Po river basin, Italy.” Environmental Science & Policy 43: 26–38.

The Author

Martina Bozzola Martina Bozzola
More information about the author
All publications of this author