Climate change and risk management policies in viticulture
In recent years, the adverse effects of climate change on agricultural productivity have been increasing dramatically. As a function of this situation, in many territorial contexts, productivity and profitability decrease due to uncontrollable events. In light of this situation, the entrepreneur sho...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-12-01
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| Series: | Journal of Agriculture and Food Research |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666154322000965 |
| _version_ | 1828265391828238336 |
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| author | Filippo Sgroi Vito Domenico Sciancalepore |
| author_facet | Filippo Sgroi Vito Domenico Sciancalepore |
| author_sort | Filippo Sgroi |
| collection | DOAJ |
| description | In recent years, the adverse effects of climate change on agricultural productivity have been increasing dramatically. As a function of this situation, in many territorial contexts, productivity and profitability decrease due to uncontrollable events. In light of this situation, the entrepreneur should adopt strategies to decrease the risks of climate change and sustain agricultural productivity and farm profitability. The research used case studies of several wine-growing facilities of companies located in the Mediterranean area. The study estimated the losses of productivity and thus income due to climate change, which is occurring with increasing intensity. Subsequently, through the insurance model offered by the public operator with the European Agricultural Policy (CAP), it was analyzed that the adoption of climate change adaptation strategies, such as access to the insurance market, can reduce the risk of climate change and thus favor constancy of farm profitability. The empirical results revealed that the production of quality wines, the age of the entrepreneur, and the level of education are variables that favor access to the insurance market by wine-growing enterprises. On the other hand business income, especially of small enterprises, can be boosted by the adoption of these risk mitigation strategies. However, despite the positive benefits of adopting insurance policies, there is currently low adherence by enterprises. To improve farmers' ability to adapt to increasing climate change, insurance contracts should be promoted and competition between insurance companies should be fostered, which would guarantee a decrease in the cost of policies. This seems important for the overall sustainability of the wine sector and agriculture in general. |
| first_indexed | 2024-04-13T04:38:38Z |
| format | Article |
| id | doaj.art-2d1afe0f746f4a88b3750baf6a5c0d99 |
| institution | Directory Open Access Journal |
| issn | 2666-1543 |
| language | English |
| last_indexed | 2024-04-13T04:38:38Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Agriculture and Food Research |
| spelling | doaj.art-2d1afe0f746f4a88b3750baf6a5c0d992022-12-22T03:02:05ZengElsevierJournal of Agriculture and Food Research2666-15432022-12-0110100363Climate change and risk management policies in viticultureFilippo Sgroi0Vito Domenico Sciancalepore1Department of Agricultural, Food and Forestry Sciences, University of Palermo, Palermo, 90128, Italy; Corresponding author.Confcooperative Fedagripesca, Roma, 00184, ItalyIn recent years, the adverse effects of climate change on agricultural productivity have been increasing dramatically. As a function of this situation, in many territorial contexts, productivity and profitability decrease due to uncontrollable events. In light of this situation, the entrepreneur should adopt strategies to decrease the risks of climate change and sustain agricultural productivity and farm profitability. The research used case studies of several wine-growing facilities of companies located in the Mediterranean area. The study estimated the losses of productivity and thus income due to climate change, which is occurring with increasing intensity. Subsequently, through the insurance model offered by the public operator with the European Agricultural Policy (CAP), it was analyzed that the adoption of climate change adaptation strategies, such as access to the insurance market, can reduce the risk of climate change and thus favor constancy of farm profitability. The empirical results revealed that the production of quality wines, the age of the entrepreneur, and the level of education are variables that favor access to the insurance market by wine-growing enterprises. On the other hand business income, especially of small enterprises, can be boosted by the adoption of these risk mitigation strategies. However, despite the positive benefits of adopting insurance policies, there is currently low adherence by enterprises. To improve farmers' ability to adapt to increasing climate change, insurance contracts should be promoted and competition between insurance companies should be fostered, which would guarantee a decrease in the cost of policies. This seems important for the overall sustainability of the wine sector and agriculture in general.http://www.sciencedirect.com/science/article/pii/S2666154322000965 |
| spellingShingle | Filippo Sgroi Vito Domenico Sciancalepore Climate change and risk management policies in viticulture Journal of Agriculture and Food Research |
| title | Climate change and risk management policies in viticulture |
| title_full | Climate change and risk management policies in viticulture |
| title_fullStr | Climate change and risk management policies in viticulture |
| title_full_unstemmed | Climate change and risk management policies in viticulture |
| title_short | Climate change and risk management policies in viticulture |
| title_sort | climate change and risk management policies in viticulture |
| url | http://www.sciencedirect.com/science/article/pii/S2666154322000965 |
| work_keys_str_mv | AT filipposgroi climatechangeandriskmanagementpoliciesinviticulture AT vitodomenicosciancalepore climatechangeandriskmanagementpoliciesinviticulture |