Linkage Projects - Grant ID: LP0561228

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/API/grants/LP0561228

Funding Status
Closed

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Funded Activity Summary

Designing Weather Derivatives and Yield Index Contracts for Rural Australia. This project addresses the security of communities in rural areas. Successful risk management based on weather derivatives and yield index contracts will stabilise the income of rural industries and improve the financial viability of rural communities. It will allow systemic risks from climate change to be reinsured with financial institutions, maintain some of Australia's most important export industries and help maintain leadership in climate risk research. It will use state of the art methods to derive and estimate nonlinear yield indexes, and develop new option pricing methods to value the premium that farmers should pay for a yield index contract. Finally it will evaluate the likely adoption by farmers using nonlinear portfolio theory.

Funded Activity Details

Start Date: 06-2005

End Date: 07-2009

Funding Scheme: Linkage Projects

Funding Amount: $72,444.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Financial Econometrics | Applied Economics | Agricultural Economics | Econometrics Not Elsewhere Classified

ANZSRC Socio-Economic Objective (SEO)

Technological and organisational innovation | Productivity | Management |

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