THE RISK OF DROUGHT IN CROP PRODUCTION INSURANCE
DOI:
https://doi.org/10.5937/ekoPolj1604297ZKeywords:
insurance, the risk of drought, insurance of crop production, drought, crop production.Abstract
The goal of this paper was to study the risk of drought as one of perils which can extremely harm the crop production, and also its coverage by insurance on the insurance market. In that purpose, frst the forms of drought in agriculture and its effect on crops and yields were analysed. After that, this weather disaster was put in the spotlight from the insurance risk point of view. Special emphasis was placed on insurance against drought in our country. In implementing the process of risk management from drought, a common approach of insurance companies is that they simply do not offer this type of protection due to often huge potential damage. Such approach is common in insurance companies in high-developed west countries. It is obvious that there should involve government in the resolution of this issue, in order to protect food production as one of the basic preconditions for human survival.
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2. Čolović, V., Petrović Mrvić, N. (2014): Osiguranje useva – rizici i modeli osiguranja, Ekonomika poljoprivrede, vol. 61, no. 3, pp. 561-573, Institut za ekonomiku poljoprivrede, Beograd, Serbia.
3. DMCSEE Project, (available at: http://www.dmcsee.eu).
4. Hussels, S., Sherman, C., Ward, D., Zurbruegg, R. (2007): South and East Asian Insurance Market Growth and Development, in Handbook of International Insurance, ch. no. 17, pp. 849-876, Springer, New York, USA.
5. Labudović Stanković, Ј., Todorović, N. (2011): Osiguranje biljne proizvodnje u EU i Srbiji, Ekonomika poljoprivrede, vol. 58, no. 4, pp. 723-734, Institut za ekonomiku poljoprivrede, Beograd, Serbia.
6. Maliva, R.G., Missimer, Th.M. (2012): Air Lands Water Evaluation and Management, Springer, New York, USA.
7. Marković, Т. (2016): Ekonomski instrumenti za transfer rizika – vremenski derivati I upravljanje rizikom u poljoprivredi, Poljoprivrednikov poljoprivredni kalendar 2016, pp. 75-77, Dnevnik-Poljoprivrednik, Novi Sad, Serbia.
8. Marković, Т. (2009): Osiguranje useva i plodova као instrument za upravljanje rizikom u poljoprivredi, Letopis naučnih radova, vol. 33, no. 1, pp. 28-35, Poljoprivredni fakultet, Novi Sad, Serbia.
9. Marković,Т., Jovanović, М. (2008): Postojeći sistemi osiguranja useva i plodova као instrument za upravljanje rizikom u poljoprivredi, Agroekonomika, no. 39-40, pp. 110- 116, Poljoprivredni fakultet, Novi Sad, Serbia.
10.Otorepec, S. (1980): Agrometeorologija, Nolit, Beograd, Serbia.
11. Petrevska, М., Toscano, B., Milošev, D. (2010): Osiguranje biljne proizvodnje, Beograd, Serbia.
12.Radičević, Z. (2016): Pojava suše u Srbiji u 21. veku, Poljoprivrednikov poljoprivredni kalendar 2016, pp. 78-80, Dnevnik-Poljoprivrednik, Novi Sad, Serbia.
13.Posebni uslovi za osiguranje useva i plodova od rizika suše, Generali osiguranje Srbija, 2016, Beograd, Serbia, (available at: http://www.google.rs/url?url=http://www.generali.rs/Data/Files/posebni_uslovi_za_osiguranje_useva_i_plodova_20160302.pdf).
14.Radović, G. (2016): Poljoprivredno osiguranje kao moguća vrsta obaveznog osiguranja u Republici Srbiji, doktorska disertacija, Fakultet za poslovne studije, Beograd, Univerzitet "Džon Nezbit", Beograd, Serbia.
15.Sauchyn, D., Khandekar, M., Garnett, E.R. (2005): The Science, Impacts and Monitoring of Drought in Western Canada, Canadian Plains Research Center, Regina, Canada.
16.Swiss Re (2011): Insurance in emerging markets: growth drivers and proftability, Sigma, no. 5, Swiss Re, Zurich, Switzerland, (available at: http://www.swissre.com/sigma/).
17.Van Loon, A., Van Lanen, H., Hisdal, H., Machlica, A. (2010):Understanding hydrological winter drought in Europe, IAHS Press, Wallingford, UK, (available at: https://www.researchgate.net/publication/232167668_Understanding_hydrological_winter_drought_in_Europe).
18.World Economic Forum (2016): The Global Risks Report, Part 1 - Global Risks 2016, (available at: http://reports.weforum.org/global-risks-2016/part-1-title-tba/).
19.Zarkovic, N., Toscano, B., Mrksic D., Lisov, M. (2014): Key Features of Crop Insurance in Serbia, Bulgarian Journal of Agricultural Science, vol. 20, no. 1, pp. 23-33, (available at: http://www.agrojournal.org/20/01-06.htm).
20.Žarković, N. (2015):Stanje u osiguranju biljne proizvodnje u Srbiji – Još uvek bez unapređenja ponude, Svet osiguranja, No. 4, pp. 31, Tectus, Beograd, Serbia.
21.Žarković, N. (2013): Pojmovnik osiguranja, Skonto, Novi Sad, Serbia.
22.Žarković, N., Toscano, B. (2015): Drought Catastrophe Risk and its Impact on Sustainable Agricultural Development, in Catastrophic Risks and Sustainable Development, ch. no. 17, pp. 285-303, University of Belgrade, Faculty of Economics Publishing Centre, Belgrade, Serbia.
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Published
2016-12-31
How to Cite
Žarković, N., Miloradić, J., & Samardžić, S. (2016). THE RISK OF DROUGHT IN CROP PRODUCTION INSURANCE. Economics of Agriculture, 63(4), 1297–1308. https://doi.org/10.5937/ekoPolj1604297Z
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Original scientific papers
