scholarly journals Application of Historical Burn Analysis Method in Determining Agricultural Premium Based on Climate Index Using Black Scholes Method

2020 ◽  
Vol 4 (1) ◽  
pp. 28
Author(s):  
Devi Ariyanti ◽  
Riaman Riaman ◽  
Iin Irianingsih
Keyword(s):  
Climate Index ◽  
Index Insurance ◽  
Analysis Method ◽  
Insurance Policy ◽  
Crop Failure ◽  
Agricultural Insurance ◽  
Insurance Program ◽  
Black Scholes ◽  
Planting Season ◽  
Maximum Limit

Farmers often suffer losses due to crop failure. The failure of the harvest is influenced by one of them is flooding, especially in Bandung which is quite frequent rain. Therefore one of the government's efforts to minimize losses from crop failures is the existence of an agricultural insurance program. The insurance system used is climate index insurance where the climate index is not plant insurance. This study aims to get a large premium to be paid by farmers using the Black-Scholes method. Meanwhile, to determine the climate index using the Historical Burn Analysis method. The results of this study are getting a variety of trigger values and exit values as well as the amount of premium that must be paid by farmers every planting season. Trigger values represent the minimum full payment limit. The exit value represents the maximum limit for no payment. The premium value obtained based on the selected trigger value also varies and is large enough so that it can be considered by farmers in choosing an agricultural insurance policy. Therefore, the method used must still be investigated to adjust to farmers, especially in Bandung.

scholarly journals Application of Black Scholes Method in Determining Agricultural Insurance Premium Based On Climate Index Using Historical Burn Analysis Method

2021 ◽  
Vol 9 (3) ◽  
pp. 103
Author(s):  
Aminatus Sholiha ◽  
Mohamat Fatekurohman ◽  
I Made Tirta
Keyword(s):  
Insurance Premium ◽  
Climate Index ◽  
Index Insurance ◽  
Analysis Method ◽  
Agricultural Insurance ◽  
Insurance Premiums ◽  
Black Scholes ◽  
Quality Testing ◽  
Insurance Payment ◽  
Instrument Quality

Climate index insurance is an insurance that provides reimbursement for losses due to decreased harvest rates or crop failures caused by weather. The use of Historical Burn Analysis (HBA) method in determining climate index based on rainfall resulted in a concept of the agricultural insurance payment in Pasuruan Regency. The application of The Black Scholes method in determining agricultural insurance premiums is obtained when rainfall more than 17 mm the premium is Rp 221,234. If the rainfall are 13 mm ≥ RR < 17 mm, the nominal premium paid by farmers to the insurance party is Rp 147,489. Respondents in the study were farmers who owned rice fields. Instrument quality testing (questionnaire) using validity test and reliability test using the help of SPSS statistical software. It can be concluded that the questionnaire is valid and reliable. Based on the results of the questionnaire, farmers considered that the nominal agricultural insurance premiums are in accordance with farmers' income.

The US crop insurance program and WTO disciplines

2016 ◽  
Vol 76 (1) ◽  
pp. 6-14 ◽  
Author(s):  
Joseph William Glauber
Keyword(s):  
Dispute Settlement ◽  
Crop Insurance ◽  
Developed Countries ◽  
Eligibility Criteria ◽  
Agricultural Insurance ◽  
Content Type ◽  
Insurance Program ◽  
The Us ◽  
Domestic Support ◽  
Green Box

Purpose – The purpose of this paper is to examine the US crop insurance programs in the context of domestic support disciplines under the World Trade Organization (WTO). Crop insurance has become an integral part of many domestic support programs, not just in developed countries, but in important emerging markets as well. An often-cited impetus for the growth in insurance program is the potential treatment of such programs as exempt from WTO reduction commitments. Design/methodology/approach – A detailed examination of the so-called “green box provisions” of the Uruguay Round Agreement on Agriculture is presented with particular emphasis on eligibility criteria for crop yield and revenue insurance programs. Findings – While WTO rules potentially shield green box policies from reduction, few developed countries have notified agricultural insurance policies under Annex 2. Moreover, crop insurance programs have been challenged in recent WTO dispute settlement cases and domestic countervailing duty investigations. Originality/value – The paper presents a unique perspective on a program which has become the largest single farm program in the USA.

scholarly journals PENENTUAN NILAI PREMI ASURANSI PERTANIAN BERBASIS INDEKS CURAH HUJAN PADA KOMODITAS KEDELAI YANG DISIMULASI MENGGUNAKAN DISTRIBUSI WEIBULL

2020 ◽  
Vol 9 (4) ◽  
pp. 257
Author(s):  
NI PUTU AYUNDA SURYA DEWI ◽  
KOMANG DHARMAWAN ◽  
KARTIKA SARI
Keyword(s):  
Insurance Premium ◽  
Weather Generator ◽  
Rainfall Data ◽  
Simulated Rainfall ◽  
Crop Failure ◽  
Agricultural Insurance ◽  
Stochastic Weather Generator ◽  
Insurance Premiums ◽  
Rainfall Index ◽  
Insurance Costs

Agricultural insurance protects farmers who experience crop failure. This study aims to calculate the value of agricultural insurance premium by applying simulated rainfall index-based using stochastic weather generator on soybean commodities in Negara sub-district. This study are used rainfall data to determine the probability of the transition, then perform rainfall simulations using the Stochastic Weather Generator method to obtain trigger values and continued with the calculation of agricultural insurance premiums. Results of this study provide the value that higher trigger is taken, the greater the insurance premium that must be paid. The value of insurance premiums to be paid is 4,18% - 5,66% of insurance costs Rp2.605.000,00.

scholarly journals PENENTUAN NILAI PREMI ASURANSI PERTANIAN BERBASIS INDEKS SUHU PERMUKAAN MENGGUNAKAN METODE BURN ANALYSIS

2018 ◽  
Vol 7 (4) ◽  
pp. 322
Author(s):  
A.A DWI MARSITA ANGGRAENI ◽  
KOMANG DHARMAWAN ◽  
DESAK PUTU EKA NILAKUSMAWATI
Keyword(s):  
Risk Management ◽  
Surface Temperature ◽  
Insurance Premium ◽  
Analysis Method ◽  
Agricultural Insurance ◽  
Temperature Index ◽  
Premium Payment ◽  
Long Run ◽  
Related Risk ◽  
Climate Parameter

Temperature is an important factor in the production of agricultural commodities. For this reason, goverments needs to protect farmers in order to continue their farming. Climate-based agricultural insurance is an alternative to climate-related risk management. Insurance premium is given when the temperature index lower than the pre determined trigger index. The purpose of this study is to determine the stages and assumptions in determining the value of agricultural insurance premiums based on surface temperature index on cocoa commodities using the method of burn analysis. The temperature index was determined using the burn analysis method with the temperature as the climate parameter. Trigger values ??are determined based on long run times. In this paper, the result is that when the temperature index lower than the determined trigger value, trigger payments as much as Rp.10.931.960,40 / Ha based on trigger index as many 26.145 ° C, so amount of premium payment equals Rp 215.776.

scholarly journals Solving Black–Scholes equations using fractional generalized homotopy analysis method

2020 ◽  
Vol 39 (4) ◽  
Author(s):  
S. R. Saratha ◽  
G. Sai Sundara Krishnan ◽  
M. Bagyalakshmi ◽  
Chee Peng Lim
Keyword(s):  
Homotopy Analysis Method ◽  
Analysis Method ◽  
Black Scholes ◽  
Homotopy Analysis

scholarly journals Manfaat Asuransi Usahatani Padi dalam Menanggulangi Risiko Kerusakan Akibat Hama Penyakit (Studi Kasus pada Subak Sangeh, Desa Sangeh, Kecamatan Abiansemal, Kabupaten Badung, Provinsi Bali)

2019 ◽  
pp. 11
Author(s):  
NI KADEK MARITA DEWI ◽  
KETUT BUDI SUSRUSA ◽  
IDA AYU LISTIA DEWI
Keyword(s):  
Production Cost ◽  
Average Score ◽  
Structured Interviews ◽  
Crop Failure ◽  
Damage Risk ◽  
Planting Season

Benefits of Insurance of Rice Insurance in Eradication of Damage Risk Because of Diseases (Case Study in Sangeh Subak, Sangeh Village, Abiansemal District,Regency of Badung, Bali Province) The rat attack that occurred in July 2017 resulted in 8.96 ha of land in Subak Sangeh experiencing crop failure so farmers get a claim of Rp 53,760,000. The granting of this claim is intended to enable farmers to cover losses due to damage to the previous planting season and to have the capital of farming in the next planting season. Based on that it is interesting to do research on the benefits of rice farm insurance in tackling the risk of damage caused by pest disease in Subak Sangeh, as well as farmers response to the program.Farmers' responses were analyzed qualitatively with attitude approach based on percentage of average score obtained through structured interviews using questionnaires. While the benefits of rice farm insurance are analyzed quantitatively based on the ratio of claims fund to production cost.The result of comparison of claim fund with production cost of Subak Sangeh in one planting season is 121,54% or morethan 100%, meaning rice farm insurance has benefit in tackling damage caused by pest, farmers response is positive, seen from the attitude of farmers in general agreed to the socialization and implementation of the program.

scholarly journals Estimation of the agricultural probability of loss: evidence for soybean in Paraná state

2014 ◽  
Vol 52 (1) ◽  
pp. 25-40
Author(s):  
Vitor Augusto Ozaki ◽  
Ricardo Olinda ◽  
Priscila Neves Faria ◽  
Rogério Costa Campos
Keyword(s):  
Probability Distribution ◽  
Extreme Values ◽  
Probability Distributions ◽  
Agricultural Insurance ◽  
Insurance Contracts ◽  
Normality Assumption ◽  
Insurance Program ◽  
Symmetrical Distribution ◽  
Family Of Distributions ◽  
Accurate Quantification

In any agricultural insurance program, the accurate quantification of the probability of the loss has great importance. In order to estimate this quantity, it is necessary to assume some parametric probability distribution. The objective of this work is to estimate the probability of loss using the theory of the extreme values modeling the left tail of the distribution. After that, the estimated values will be compared to the values estimated under the normality assumption. Finally, we discuss the implications of assuming a symmetrical distribution instead of a more flexible family of distributions when estimating the probability of loss and pricing the insurance contracts. Results show that, for the selected regions, the probability distributions present a relative degree of skewness. As a consequence, the probability of loss is quite different from those estimated supposing the Normal distribution, commonly used by Brazilian insurers.

scholarly journals ANALISIS KADAR SIKLAMAT DENGAN METODE KROMATOGRAFI CAIR KINERJA TINGGI PADA MINUMAN JAJANAN SEKOLAH DI KOTA PALU

2019 ◽  
Vol 13 (1) ◽  
Author(s):  
Rusli Maudu ◽  
Bahja Bahja ◽  
Fahmi Hafid ◽  
Dewi Susetiyany Ichsan
Keyword(s):  
Body Weight ◽  
High Performance Liquid Chromatography ◽  
High Performance ◽  
Artificial Sweetener ◽  
Analysis Method ◽  
Nursing Mothers ◽  
Observation Method ◽  
And Behavior ◽  
Attitudes And Behavior ◽  
Maximum Limit

ABSTRACT Cyclamate is an artificial sweetener that is chemically processed. Cyclamate should not be used on food products for infants, toddlers, pregnant women and nursing mothers. The maximum limit for using cyclamate is 0-11 mg / kg body weight. The objective of this research was to determine cyclamate levels in school snack beverages in Palu City. This research used an observation method at eight locations in Palu City which was held on August 8-24, 2018. The analysis of cyclamate levels was carried out at the Food and Drug Supervisory Center in Palu. Twenty samples of snacks were obtained by accidental sampling. The analysis method was carried out by high performance liquid chromatography (HPLC). The results showed that the cyclamate level in school snack drinks in Palu City that exceeded the threshold perka BPOM <350 mg / Kg was 35% with a level of 514.63 to 2963.43 mg / Kg. For further research, it is recommended to examine more about the knowledge, attitudes and behavior of beverage vendors in locations that exceed the threshold perka BPOM <350 mg / Kg as well as education about the movement of aware food community. Keywords: Cyclamate, Snack Beverage.

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