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Price volatility and risk management: The case of rice in the EU
Journal Title: ECONOMIA AGRO-ALIMENTARE 
Author/s: Alessandro Banterle, Daniela Vandone 
Year:  2019 Issue: Language: English 
Pages:  20 Pg. 255-274 FullText PDF:  163 KB
DOI:  10.3280/ECAG2019-002005
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The paper aims at analysing rice-price volatility over the last ten years, and at identifying strengths and weaknesses of financial-risk management tools other than derivatives. In particular, it focuses on innovative insurance products, like revenue insurance products, and on their potential use in agriculture. Focus will be on EU Mediterranean countries, specifically on Italy, that is the main rice producer in this area. In Europe, the Common Agricultural Policy (cap) provides risk management tools. For example, the income stabilization tool is a measure to manage income risks. Despite this, it is still not adopted. Our analysis is a first endeavour to emphasize the most relevant issues in creating revenue insurance products for rice farmers in the EU, with focus on the Italian market.
Keywords: Agricultural commodity price volatility, rice price volatility, risk management, revenue insurance.
Jel Code: Q02, Q13, Q14

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Alessandro Banterle, Daniela Vandone, in "ECONOMIA AGRO-ALIMENTARE" 2/2019, pp. 255-274, DOI:10.3280/ECAG2019-002005

   

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