Enhancing climate resilience by combining practice and insurance strategies: A case study for cotton crop
Presentation
Nguyen-Huy, Thong and Battersby, Kerry. 2023. "Enhancing climate resilience by combining practice and insurance strategies: A case study for cotton crop." Queensland Disaster Management Research Forum 2023. Brisbane, Australia 07 - 07 Nov 2023
| Paper/Presentation Title | Enhancing climate resilience by combining practice and insurance strategies: A case study for cotton crop |
|---|---|
| Presentation Type | Presentation |
| Authors | Nguyen-Huy, Thong and Battersby, Kerry |
| Number of Pages | 10 |
| Year | 2023 |
| Web Address (URL) of Conference Proceedings | https://www.igem.qld.gov.au/DMResearchForum2023 |
| Conference/Event | Queensland Disaster Management Research Forum 2023 |
| Event Details | Queensland Disaster Management Research Forum 2023 Delivery In person Event Date 07 to end of 07 Nov 2023 Event Location Brisbane, Australia Event Venue Rydges South Bank Brisbane Event Web Address (URL) |
| Abstract | The Queensland Farmers Federation along with research partners, UniSQ and commercial partners CelsiusPro and WTW have been investigating the use of parametric (that is, insurance that pays a claim upon the realisation of a specified trigger) insurance as a tool for managing income volatility for agricultural businesses as a result of natural hazards. The research undertaken in field trials and crop simulations investigates ways parametric insurance can improve or smooth income volatility. The research indicates that in a simulated environment, farmers could adopt strategies such as planting date adjustment to achieve higher yields if they have access to insurance to cover the risks associated with such adaptations. This research contributes to the long term viability of agricultural businesses and their communities as an evidence based preparatory solution to natural hazard related fluctuations farm income. This research is funded by the Australian Government’s Future Drought Fund. |
| ANZSRC Field of Research 2020 | 300499. Crop and pasture production not elsewhere classified |
| 380101. Agricultural economics | |
| 460199. Applied computing not elsewhere classified | |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | University of Southern Queensland |
| Queensland Farmers Federation, Australia |
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