Designing a whole-farm revenue insurance for agricultural crops in Zanjan province of Iran

Ghahremanzadeh, Mohammad; Mohammadrezaei, Rassul; Dashti, Ghader; Ainollahi, M.

doi:10.7201/earn.2017.02.02

Cited by 2 publications

(1 citation statement)

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“…Such a phenomenon supports the necessity of changing the current business models by incorporating sustainability, socially responsible economic growth, and corporate social responsibility [4,5]. Although risk in agriculture is imminent and there is no possibility of completely neutralizing it, there are ways in which it can be managed [6]. The existence of the above-mentioned risks has necessitated the establishment of risk management instruments in crop production.…”

Section: Introductionmentioning

confidence: 96%

Whole-Farm Revenue Protection as a Factor of Economic Stability in Crop Production

et al. 2020

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Crop production is largely unprotected and exposed to a great number of production factors. On the other hand, farmers are exposed to fluctuations in the market prices of their products every year, which often has a negative impact on the profits made. There are various risk management measures in plant production, and insurance is certainly one of the most effective instruments. One of the recent insurance models is Whole-Farm Revenue Insurance (WFRP), which is an American insurance model that has been applied since 2015. The essence of WFRP is to ensure that all crops on the farm are secured against production and market risks with only one policy. The aim of the research in this paper is to present WFRP as an entirely new model of revenue insurance on the example of a typical Serbian farm specializing in crop production. The WFRP model works by determining the insured revenue before the start of the production year. If at the end of the production year, for any reason, the realized revenue falls below the level of insured revenue, the farmer is entitled to indemnification. Due to the drought that hit the region where the analyzed farm is located, the yields were reduced, and thus the expected revenue was also reduced, and the farmer was entitled to damages of $5697. On the other hand, it is the farmer’s obligation to pay $373 to the insurer as a risk transfer fee. The authors proved that even such complex insurance models can be applied in countries such as Serbia, where awareness of the importance of insurance of agricultural production is still not developed.

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Section: Introductionmentioning

confidence: 96%

Whole-Farm Revenue Protection as a Factor of Economic Stability in Crop Production

et al. 2020

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Cutting the Mustard: New Insights Into the Plant Economy of Late Neolithic Tepe Khaleseh (Iran)

Whitlam

Valipour

Charles

2019

Iran

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Excavations at Tepe Khaleseh, a small-settlement mound in the Zanjan Province of northwest Iran, have uncovered numerous structures dating to the second half of the sixth millennium B.C., including a pottery kiln. The charred plant remains recovered from the site provide evidence for the cultivation of a diverse spectrum of cereals, along with pulses, which are rare at contemporary sites in the region.Analysis of the archaeobotanical assemblage has also permitted a reconstruction of fuel use at the site, with wild mustards identified as having played a key role in the settlement's fuel economy. The results presented here expand significantly on our understanding of plant management in northern Iran during the Late Neolithic, a period when we see the spread of farming out of the Fertile Crescent and into Eurasia.

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Designing a whole-farm revenue insurance for agricultural crops in Zanjan province of Iran

Cited by 2 publications

References 45 publications

Whole-Farm Revenue Protection as a Factor of Economic Stability in Crop Production

Whole-Farm Revenue Protection as a Factor of Economic Stability in Crop Production

Cutting the Mustard: New Insights Into the Plant Economy of Late Neolithic Tepe Khaleseh (Iran)

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