COPULA-BASED STATISTICAL MODELLING OF SYNOPTIC-SCALE CLIMATE INDICES FOR QUANTIFYING AND MANAGING AGRICULTURAL RISKS IN AUSTRALIA.

The article discusses Australia an agricultural nation diverse climates which translates into significant sources of risk for agricultural production and subsequent farm revenues contributing to an increase in the vulnerability of crops. Topics include crop insurance products, including classical claim-based and index-based insurance, that allow exposed individuals to pool resources to spread risk; and the impact of multiple synoptic-scale climate mode indices on crop yield.