Interviews with Austrian cropping farmers on drought risk management

Palka, M. (2019). Interviews with Austrian cropping farmers on drought risk management.

Archive FARM Interviews.zip - Published Version Available under License Creative Commons Attribution No Derivatives. Download (1MB)

Abstract

Extremely hot and dry summers of unprecedented frequency have shown the vulnerability of Austrian farmers to droughts. Increasing need for public aid payments to affected farmers have resulted in demands to expand the Austrian agricultural insurance scheme as well as public premium subsidies beyond the dominating hail and frost policies, to cover damages from droughts. In the FARM project, we estimated the risks and costs to the Austrian budget of expanding its subsidized crop insurance scheme to include drought risk, and the benefits to insurers and farmers under different pricing regimes. Moreover, we identified influencing factors that motivate or de-motivate Austrian farmers to implement on-farm drought risk reduction measures, which constitute a large share of on-farm climate change adaptation. Finally, we proposed options for integrated drought risk management across Austrian decision areas.

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