USE OF WEATHER DERIVATIVES IN AGRICULTURE

Authors

  • Abdulakimova Moxina Student of IEM-S3 group of University of World Economy and Diplomacy

Keywords:

Keywords: Weather risk, weather derivative, weather insurance, index-based weather insurance, option contract.

Abstract

Abstract: Recent innovations in capital markets suggest the possibility of addressing agricultural risk factors by issuing derivatives on weather elements. Such instruments appear particularly attractive, as asymmetric information and loss adjustment issues do not affect them. This article describes the concept, functioning and application of weather derivatives.

References

REFERENCES:

Bobriková M. (2016). Weather risk management in agriculture.

Bobriková M. (2021). Price risk management in the wheat market using option strategies.

Bartkowiak M. (2009). Weather derivatives.

Bemš J., Aydin C. (2021). Introduction to weather derivatives.

“Function of Weather Derivatives in Risk Management” article by Xinyuan Zhang

“Weather Risk Management for Agriculture” article by Joanna Syroka

https://www.eea.europa.eu/en/analysis/indicators/economic-losses-from-climate-related

https://oajournals.fupress.net/index.php/rea/article/download/13416/12943/

https://climate-adapt.eea.europa.eu/en/metadata/adaptation-options/weather-derivatives-as-risk-management-tool

https://actuaries.asn.au/Library/fsf06_paper_tindall_weather%20derivatives.pdf

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Published

2023-12-16

Issue

Vol. 14 No. 1 (2023): "ACTUAL PROBLEMS OF SCIENCE AND EDUCATION IN THE FACE OF MODERN CHALLENGES"

Section

Articles