Mußhoff, OliverHirschauer, NorbertMüller, Rolf A. E.Sundermeier, Hans-H.Theuvsen, LudwigSchütze, StephanieMorgenstern, Marlies2019-05-062019-05-062008978-3-88579-219-2https://dl.gi.de/handle/20.500.12116/22298We describe a risk programming model that can be used to determine farmers’ willingness-to-pay for weather derivatives. Applying it to a Brandenburg farm reveals that even a highly standardized contract based on accumulated rainfall generates a relevant willingness-to-pay. We find that an underwriter could even add a loading (on the actuarially fair price) which exceeds the level of traditional insurances. Since transaction costs are low compared to insurances, this indicates a relevant trading potential.deText/Conference Paper1617-5468