Agricultural Insurance in the DOCG Area of Conegliano—Valdobbiadene: An Assessment of Policy Measures

Agricultural insurance stands prominant in the protection of crop products. In Italy, the increasing occurrence of extreme weather events has had an important impact on the crop insurance market’s dynamics by lowering insurance companies propensity to take on climate risks. In this context, the main...

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Bibliographic Details
Published in:Sustainability 2022-06, Vol.14 (11), p.6912
Main Authors: De Pin, Antonio, Miglietta, Pier Paolo, Coluccia, Benedetta, Capitanio, Fabian
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural industry
Agricultural production
Agriculture
Climate change
Climatic changes
Consortia
Crop insurance
Economic impact
Extreme weather
Insurance
Insurance companies
Insurance coverage
Insurance premiums
International economic relations
Plant protection
Quotas
Rural development
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Summary:Agricultural insurance stands prominant in the protection of crop products. In Italy, the increasing occurrence of extreme weather events has had an important impact on the crop insurance market’s dynamics by lowering insurance companies propensity to take on climate risks. In this context, the main aim of the study is to focus on an economic assessment of the demand for insurance in the Controlled and Guaranteed Designation of Origin (DOCG) area of Conegliano-Valdobbiadene, exploiting the economic effects of public contributions for the three main subjects involved in the market: winegrowers, public stakeholders, and insurance companies. The results showed that the more favorable conditions laid down in the Omnibus Regulation in favor of producers do not appear justified in the area investigated. As regards the goodness of public intervention, the overall positivity of the Indicator Efficiency Subsidies (IES) underlines the relative efficiency of the subsidized contribution. As for the insurance companies, the financial equilibrium appears precarious, closed between falling tariffs and increasing quotas in consideration of the feared climate change.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14116912