Managing drought economic effects through insurance schemes based on local water availability.

Ruiz, Jorge and Bielza Diaz-Caneja, María and Garrido Colmenero, Alberto and Iglesias Picazo, Ana (2013). Managing drought economic effects through insurance schemes based on local water availability.. In: "8th International Conference of EWRA", 26/06/2013 - 29/06/2013, Porto, Portugal. ISBN 978-989-95557-8-5.

Description

Title: Managing drought economic effects through insurance schemes based on local water availability.
Author/s:
  • Ruiz, Jorge
  • Bielza Diaz-Caneja, María
  • Garrido Colmenero, Alberto
  • Iglesias Picazo, Ana
Item Type: Presentation at Congress or Conference (Article)
Event Title: 8th International Conference of EWRA
Event Dates: 26/06/2013 - 29/06/2013
Event Location: Porto, Portugal
Title of Book: Water Resources Management in an Interdisciplinary and Changing Context
Date: 2013
ISBN: 978-989-95557-8-5
Subjects:
Faculty: E.T.S.I. Agrónomos (UPM) [antigua denominación]
Department: Economía y Ciencias Sociales Agrarias [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

In many arid or semi-arid Mediterranean regions, agriculture is dependent on irrigation. When hydrological drought phenomena occur, farmers suffer from water shortages, incurring important economic losses. Yet, there is not agricultural insurance available for lack of irrigation water. This work attempts to evaluate hydrological drought risk and its economic impact on crop production in order to provide the basis for the design of drought insurance for irrigated arable crops. With this objective a model that relates water availability with expected yields is developed. Crop water requirements are calculated from evapotranspiration, effective rainfall and soil water balance. FAO?s methodology and AquaCrop software have been used to establish the relationship between water allocations and crop yields. The analysis is applied to the irrigation zone ?Riegos de Bardenas?, which is located in the Ebro river basin, northeast Spain, to the main arable crops in the area. Results show the fair premiums of different hydrological drought insurance products. Whole-farm insurance or irrigation district insurance should be preferable to crop specific insurance due to the drought management strategies used by farmers.

More information

Item ID: 26052
DC Identifier: http://oa.upm.es/26052/
OAI Identifier: oai:oa.upm.es:26052
Official URL: http://www.ewra2013.ewra.net/
Deposited by: Memoria Investigacion
Deposited on: 03 Jul 2014 12:55
Last Modified: 22 Sep 2014 11:39
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