The number of recognized accidents during agricultural work is still very high in Austria. In the years 2008 to 2009, there occurred 84 approved work accidents with mowing machines. The main causes of accidents were the loss of control of machines, transportations or conveyances, hand tools, objects or animals. In the literature, numerous studies of general agricultural and forestry accident si...

Agricultural contracts and crop insurance are important ways for farmers to mitigate risks in modern U.S. agriculture. In this paper, we investigate the effect of crop insurance enrollment on farmers’ participation of marketing contracts. Following Ligon (2003), we setup a mechanism design framework to demonstrate an integrator’s contract design problem where farmers are assumed to be expected ...

Congress extended the crop insurance program to livestock with the Agricultural Risk Protection Act (ARPA) of 2000. Two livestock insurance products, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM), were subsequently approved by FCIC for sale beginning in the summer of 2002. Originally, LRP offered insurance against unexpected declines in the market price of hogs in Iowa. In 20...

Farmers face enormous production risks due to unpredictable rainfall, yet most do not have any formal insurance. One explanation for this is the existence of informal network-based risk sharing. Using a randomized controlled experiment, we study the demand for, and effects of, offering formal index-based rainfall insurance in an environment of tightly knit informal risk sharing networks: sub-ca...

Agricultural producers face many risks in their economic activity due to weather conditions, plant or animal diseases, price volatility, policy changes and so on. One of the management tools to deal with some of these risks is the crop insurance system. In Catalonia (North-East of Spain) farmers’ participation in crop insurance for vegetables is low. Only 5 percent of the vegetables area is ins...