Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Hedging the risk of hydrological drought in irrigated agriculture: the role of precautionary savings
This paper explores the viability of precautionary savings as a hydrological drought risk management instrument in irrigated agriculture. To that end, first, the drought savings account (DSA) is proposed as a personal savings account to which farmers make regular contributions, with withdrawals allowed in the event of water supply gaps to guarantee a minimum income. Second, the implementation of the proposed instrument is empirically assessed in an illustrative case study using an innovative simulation approach. Results obtained suggest the DSA is actuarially sound, supporting its implementation as a cost-effective instrument to hedge hydrological drought risk.
Hedging the risk of hydrological drought in irrigated agriculture: the role of precautionary savings
This paper explores the viability of precautionary savings as a hydrological drought risk management instrument in irrigated agriculture. To that end, first, the drought savings account (DSA) is proposed as a personal savings account to which farmers make regular contributions, with withdrawals allowed in the event of water supply gaps to guarantee a minimum income. Second, the implementation of the proposed instrument is empirically assessed in an illustrative case study using an innovative simulation approach. Results obtained suggest the DSA is actuarially sound, supporting its implementation as a cost-effective instrument to hedge hydrological drought risk.
Hedging the risk of hydrological drought in irrigated agriculture: the role of precautionary savings
Gómez-Limón, José A. (Autor:in) / Guerrero-Baena, M. Dolores (Autor:in) / Fernández-Gallardo, José A. (Autor:in)
International Journal of Water Resources Development ; 38 ; 1089-1113
02.11.2022
25 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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