Spatial‐Temporal Model of Insect Growth, Diffusion and Derivative Pricing

Richards, Timothy J.; Eaves, James; Manfredo, Mark R.; Naranjo, Steven E.; Chu, Carlin C.F.; Henneberry, T.J.

doi:10.1111/j.1467-8276.2008.01170.x

Cited by 11 publications

(5 citation statements)

References 31 publications

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“…Turvey and Norton (2008) describe a computer program that calculates weather insurance premiums under these alternatives. However, there is also emerging some ideas tying weather insurance to the emergence of insect infestations (Richards et al , 2008, 2005) or plant disease (Norton and Turvey, 2008; Workneh et al , 2008). Regardless of what problem is taken the basic element of weather insurance is to establish a time dependent boundary condition at which the specific event is measured.…”

Section: Literature Reviewmentioning

confidence: 99%

Weather risk and the viability of weather insurance in China's Gansu, Shaanxi, and Henan provinces

Turvey

Kong

2010

China Agricultural Economic Review

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PurposeThe purpose of this paper is to investigate weather risks facing Chinese farmers, and to determine whether farmers would have a preference for weather insurance over other types of agricultural insurance.Design/methodology/approachThe data are based on 1,564 farm households surveyed in Shaanxi, Henan, and Gansu provinces in Central China between October 2007 and 2008.FindingsResults suggest that the greater risk for farmers is drought followed by excessive rain. Heat is less critical as a risk but more significant than cool weather. Results suggest a strong interest in precipitation insurance with 50 and 44 percent of respondents indicating strong interest in the product. Supplementary results indicate that interest is equal between planting, cultivating, and harvesting. Furthermore, results suggest that farmers are willing to adopt new ideas, and where possible action has already been taken to self‐insure through diversification and other means.Research limitations/implicationsThis research is based on primary data gathered in China. However, the authors are limited in the access to Chinese weather station data to illustrate how weather insurance operates. Instead, the authors use weather data from the weather station in Ashland, Kansas which has similarities to the wheat growing regions of China. While the example is for illustrative purposes only, the authors cannot claim that it actually represents premiums that might actually be found in China.Practical implicationsThe Chinese Government has within the past year authorized an investigation into agricultural insurance. The burst of research and applications of weather insurance in both developed and developing countries suggest that a wide array of applications could be feasible in China. The results are encouraging because they suggest that farmers in China would have an interest in purchasing weather insurance.Originality/valueThe authors believe that this is the first study conducted on weather insurance in China. The survey instrument is designed to specifically determine what weather risks are important to Chinese farmers and the interest that farmers would have in using such a product.

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Section: Literature Reviewmentioning

confidence: 99%

Weather risk and the viability of weather insurance in China's Gansu, Shaanxi, and Henan provinces

Turvey

Kong

2010

China Agricultural Economic Review

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“…Sadowski (2008) Medida de terras agrícolas, despesas de mão de obra, custos de consumo intermediários e custos fixos (depreciação). Richards et al (2008) Número de aplicações de pesticidas, número de ovos por centímetro quadrado, insetos adultos por folha e a precipitação. Azevedo e Politi (2008) Custos de produção, coeficiente de tendência e tempo.…”

Section: Metodologia De Pesquisaunclassified

Precificação no Agronegócio: Um Mapeamento Sistemático

Galvão

Matos

Gueiber³

2019

REVER

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Na agricultura, a gestão de custo permite ao agricultor precificar seu produto levando-se em consideração fatores naturais, como condição do clima, do solo e localização da propriedade. Este artigo apresenta um mapeamento sistemático sobre a formação de preço na agricultura. Os objetivos do estudo são analisar se existem ferramentas automatizadas de custeio no contexto agrícola, além de verificar quais métodos de precificação e cultura foram aplicados em trabalhos publicados no período de trinta anos. A principal contribuição deste estudo é levantar informações acerca da gestão de custo no agronegócio para implementar um framework nesse contexto. O resultado da revisão mostrou que existem poucos métodos automatizados de gestão de custos na área agronômica. A pecuária é a atividade que mais apresenta métodos de precificação.

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“…These include taxes on invasion population levels or activities that transport invaders, subsidies for control efforts, tradable risk permits, assurance bonds, and insurance and indemnification funds, among others (Richards et al 2008(Richards et al , 2010Bekkerman et al 2012;Goodwin and Piggott 2009;McDermott et al 2013;McDermott 2015;Fenichel et al 2014;Warziniack et al 2013).…”

Section: The Role Of Private Decision-makers In Invasion Controlmentioning

confidence: 99%

Economics of invasive species policy and management

Epanchin‐Niell

2017

Biol Invasions

163

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This article examines the use of economic analysis to inform bioinvasion management, with particular focus on forest resources. Economics is key for understanding invasion processes, impacts, and decision-making. Biological invasions are driven by and affect economic activities at multiple scales and stages of an invasion. Bioeconomic modeling seeks to inform how resources can be optimally allocated across invasion management activities-including prevention, surveillance programs for early detection and management, and controlling invasion populations and spread-to minimize the long-term costs and damages. Economic analysis facilitates understanding of decisions by public and private decision-makers, gaps between these, and the design of policies to achieve socially desirable outcomes. Private decisionmakers may undercontrol invasions relative to socially optimal levels, because they generally account for their own costs and benefits of control but less often for broader ecosystem impacts or future spread across the landscape. Economic analysis considers approaches for increasing private invasion management and evaluates feedbacks between ecological and economic systems that can affect policy outcomes. Future research should continue evaluation and design of control strategies across the biosecurity continuum and across species to enhance cost-effectiveness, better incorporate uncertainty into policy design, increase focus on incentives and behavioral tools to influence private behaviors that affect invasion spread, and incorporate invasive species consideration within broader systems-focused science. In addition, challenges in valuing biodiversity and ecosystem service impacts and the costs and effectiveness of control measures are key data gaps. Greater collaboration between decision-makers and researchers will facilitate development and communication of usable economic research.

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Spatial‐Temporal Model of Insect Growth, Diffusion and Derivative Pricing

Cited by 11 publications

References 31 publications

Weather risk and the viability of weather insurance in China's Gansu, Shaanxi, and Henan provinces

Weather risk and the viability of weather insurance in China's Gansu, Shaanxi, and Henan provinces

Precificação no Agronegócio: Um Mapeamento Sistemático

Economics of invasive species policy and management

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