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Climatic changes and weather risk management in agriculture [PDF]
Anali Ekonomskog fakulteta u Subotici, 2016 Despite the constant development of the system of forecasting unpredicted events and risks, there are many economic sectors where revenues depend directly on the wheather variables.
Stevanović Simo +2 more
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Effectiveness of weather derivatives as a hedge against the weather risk in agriculture
Agricultural Economics (AGRICECON), 2016 Weather affects the economies worldwide and all economic sectors are to some extent weather sensitive. Agriculture is traditionally highly weather sensitive.
Ivana STULEC +2 more
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Weather Risk Management in Agriculture Using Weather Derivatives
RIVISTA DI ECONOMIA AGRARIA, 2022 The purpose of this paper is to examine weather risk management by application of weather derivatives in agriculture and evaluate the hedging efficiency. Agriculture is a sector highly sensitive to meteorological elements that affect the yield of many crops.
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Density forecasting for weather derivative pricing [PDF]
International Journal of Forecasting, 2006 Weather derivatives enable energy companies to protect themselves against weather risk. Weather ensemble predictions are generated from atmospheric models and consist of multiple future scenarios for a weather variable. They can be used to forecast the density of the payoff from a weather derivative.
Taylor J, Buizza R
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Weather Derivatives, Spatial Aggregation, and Systemic Risk: Implications for Reinsurance Hedging
Journal of Agricultural and Resource Economics, 2008 Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In contrast to earlier studies which investigate the problem at low levels of aggregation, we find that better weather hedging opportunities ...
Joshua D. Woodard, Philip Garcia
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Pricing Weather Derivatives [PDF]
The Journal of Risk Finance, 2000 This article briefly reviews the background of weather derivatives. The primary goal is to develop a pricing scheme that accommodates and reflects their unique characteristics. Because the underlying indexes of weather derivatives are not traded, a no‐arbitrage model cannot be directly applied for the purpose of pricing.
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A Methodical Approach to Design and Valuation of Weather Derivatives in Agriculture
Advances in Meteorology, 2013 The paper deals with weather derivatives as the potentially effective risk management tool for agricultural enterprises seeking to mitigate their income exposure to variations in weather conditions.
Jindrich Spicka, Jiri Hnilica
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Application of air derivative financial instruments in Lithuanian economy
Mokslas: Lietuvos Ateitis, 2020 The paper explores the concept of weather derivatives: what it is, what its features are, and in what areas they can be applied. It has been established that there can be several types of weather derivative instruments – options and swaps.
Ernesta Latvytė +1 more
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HEDGING BY USING WEATHER DERIVATES IN WINTER SKI TOURISM
Ekonomika Poljoprivrede (1979), 2018 Tourism, as one of the main driving forces of economic development, is exposed to many risks. Besides frequent fluctuations in foreign currency exchange, prices of fuel and transportation, the tourism industry has become more sensitive to weather ...
Bojan S. Đorđević
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Rainfall derivatives as a risk management tool for grain producers: daily model vs. index model
Acta Scientiarum Polonorum. Formatio Circumiectus, 2020 Aim of the study: The first weather derivatives appeared in 1996. Soon later such instruments began to be traded on the CME (Chicago Mercantile Exchange).
Ewa Broszkiewicz-Suwaj, Leszek Kuchar
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