Autori
Cyr, Don
Kusy, Martin
Shaw, Antony B.

Titolo
The Potential Use of Weather Derivatives in the Viticulture Industry
Periodico
Economia & diritto agroalimentare
Anno: 2008 - Volume: 13 - Fascicolo: 3 - Pagina iniziale: 67 - Pagina finale: 82

The increasing availability of specialized weather contracts represents an interesting opportunity for many producers to hedge the significant risks they may face due to adverse weather conditions. In this paper we have considered some of the major production risk factors due to weather, faced by the viticulture industry, and the potential weather contracts that could be employed to mitigate losses. Other important applications of weather contracts also exist in the marketing and tourism side of the viticulture industry. Sales at the cellar door for example may be reduced by adverse weather conditions over the typical wine tourism season. Again weather contracts can be useful in mitigating such losses in revenue. Finally recent studies of the impact of global warming indicate that weather conditions will be difficult to predict and will be associated with greater volatility in the future, making the use of weather contracts all the more valuable.



SICI: 1970-9498(2008)13:3<67:TPUOWD>2.0.ZU;2-B
Testo completo: http://www.fupress.net/index.php/eda/article/download/2827/2513

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico