Abstract
Osiguranje na bazi regionalne vrednosti proizvodnje kao instrument za upravljanje rizicima u srpskoj poljoprivredi
Highlights
Based on the above calculations, the total insurance sum, insurance costs in the form of total and producer insurance premiums, as well as the total value of losses in wheat production, which can be offset by calculating the appropriate indemnity from the analysed insurance model
At the end of the insurance period on 01/08/2018, the Novi Sad Product Exchange announced that the wheat price was 18,000 RSD/t, while the Vrbas Agricultural Advisory Service announced that the average wheat yield at the level of the municipality of Kula was 4 t/ha
Since all the information related to the projected and harvested prices are known, the final policy protection is calculated based on formula (7), which amounts to RSD 9,504,000
Summary
Area-revenue insurance is based on the product of average yield and price for a particular region. At the end of the insurance period, the average municipal wheat yield and its harvest price are published and based on this the final county wheat revenue.
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