Derivatives or climate insurance? Risk management tools for a soybean farmer in Brazil

This paper aims to analyze whether there is a difference between the cost/benefit of climate risk reduction and soybean price in Palotina, Paraná, Brazil. The data were collected from bibliography, official private documents. Climate analyzed based on releases content. methodology de future market was same as B3. Options Black & Scholes model. Also, this developed Leismann Bortoluzzi index protections cost/benefit. To compare mitigation costs, used t student test. Limitations about model, which does not consider subjective variables. Cost/benefit compared with insurance order test if statistical them. All tests allowed infer that indices are statistically different. study concluded excellent tools for rural enterprise management, significant evidence feasible. Or rather, farmer exposed both types forms satisfactory cases.