Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms

Research related to climate variability is particularly important in the current conditions faced by Argentine agriculture. These include (a) increased specialization in soybeans, with resulting reduced possibilities of risk-reduction though "portfolio" effects, (b) increased importance of agricultu...

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Autores principales: Gallacher, Marcos, Lema, Rolando Daniel, Galetto, Alejandro J., Gastaldi, Laura Beatriz
Formato: info:ar-repo/semantics/informe técnico
Lenguaje:Inglés
Publicado: UCEMA 2025
Materias:
Acceso en línea:http://hdl.handle.net/20.500.12123/22763
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author Gallacher, Marcos
Lema, Rolando Daniel
Galetto, Alejandro J.
Gastaldi, Laura Beatriz
author_browse Galetto, Alejandro J.
Gallacher, Marcos
Gastaldi, Laura Beatriz
Lema, Rolando Daniel
author_facet Gallacher, Marcos
Lema, Rolando Daniel
Galetto, Alejandro J.
Gastaldi, Laura Beatriz
author_sort Gallacher, Marcos
collection INTA Digital
description Research related to climate variability is particularly important in the current conditions faced by Argentine agriculture. These include (a) increased specialization in soybeans, with resulting reduced possibilities of risk-reduction though "portfolio" effects, (b) increased importance of agriculture in "non-traditional" areas, generally characterized by lower yields, higher yield variability and higher production and transport costs, (c) macroeconomic instability resulting in severe contraction and increased interest rates of credit and (d) upward trend in input use and per-acre production costs with consequent increase in break-even crop yields. This paper summarize recent research related to production variability in Argentine agriculture, as well as the consequences of this variability on efficiency and resource allocation and present an overview of strategies for coping with climate variability. We estimate possible benefits to agricultural producers of improved risk-transfer mechanisms. In particular, we obtain estimates of Willingness-to-Pay (WTP) of selected index-type insurance mechanisms for soybean and milk production and outline the requirements for the development of a risk-transfer market for agricultural producers.
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institution Instituto Nacional de Tecnología Agropecuaria (INTA -Argentina)
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spelling INTA227632025-06-24T13:15:35Z Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms Gallacher, Marcos Lema, Rolando Daniel Galetto, Alejandro J. Gastaldi, Laura Beatriz Seguro de Índice Meteorológico Producción Vegetal Demanda Seguro Argentina Economía Weather Index Insurance Crop Production Demand Insurance Economics Research related to climate variability is particularly important in the current conditions faced by Argentine agriculture. These include (a) increased specialization in soybeans, with resulting reduced possibilities of risk-reduction though "portfolio" effects, (b) increased importance of agriculture in "non-traditional" areas, generally characterized by lower yields, higher yield variability and higher production and transport costs, (c) macroeconomic instability resulting in severe contraction and increased interest rates of credit and (d) upward trend in input use and per-acre production costs with consequent increase in break-even crop yields. This paper summarize recent research related to production variability in Argentine agriculture, as well as the consequences of this variability on efficiency and resource allocation and present an overview of strategies for coping with climate variability. We estimate possible benefits to agricultural producers of improved risk-transfer mechanisms. In particular, we obtain estimates of Willingness-to-Pay (WTP) of selected index-type insurance mechanisms for soybean and milk production and outline the requirements for the development of a risk-transfer market for agricultural producers. Centro de Investigación en Ciencias Políticas, Económicas y Sociales. Instituto de Economía Fil: Gallacher, Marcos. Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA); Argentina Fil: Lema, Rolando Daniel. Instituto Nacional de Tecnología Agropecuaria (INTA). Centro de Investigación en Ciencias Políticas, Económicas y Sociales. Instituto de Economía; Argentina Fil: Lema, Rolando Daniel. Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA); Argentina Fil: Galetto, Alejandro J. Universidad Austral. Facultad de Ciencias Empresariales; Argentina Fil: Gastaldi, Laura Beatriz. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Rafaela; Argentina 2025-06-24T13:01:44Z 2025-06-24T13:01:44Z 2015-12 info:ar-repo/semantics/informe técnico info:eu-repo/semantics/report info:eu-repo/semantics/publishedVersion http://hdl.handle.net/20.500.12123/22763 Gallacher, M., Lema, D., Galetto, A. y Gastaldi, L. (diciembre, 2015). Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms. Documentos de trabajo UCEMA, 583. 1668-4575 (impreso) 1668-4583 (online) eng Documentos de trabajo UCEMA, no. 583 (dic. 2015). info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf Argentina .......... (nation) (World, South America) 7006477 UCEMA
spellingShingle Seguro de Índice Meteorológico
Producción Vegetal
Demanda
Seguro
Argentina
Economía
Weather Index Insurance
Crop Production
Demand
Insurance
Economics
Gallacher, Marcos
Lema, Rolando Daniel
Galetto, Alejandro J.
Gastaldi, Laura Beatriz
Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title_full Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title_fullStr Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title_full_unstemmed Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title_short Climate variability and agricultural production in Argentina: the role of risk-transfer mechanisms
title_sort climate variability and agricultural production in argentina the role of risk transfer mechanisms
topic Seguro de Índice Meteorológico
Producción Vegetal
Demanda
Seguro
Argentina
Economía
Weather Index Insurance
Crop Production
Demand
Insurance
Economics
url http://hdl.handle.net/20.500.12123/22763
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AT galettoalejandroj climatevariabilityandagriculturalproductioninargentinatheroleofrisktransfermechanisms
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