Rice Harvest Failure Risk Analysis Using Extreme Value Theory Based on Weather Index for Agricultural Business Supply Chain Management

This paper discusses the formulation of a risk model for paddy agricultural insurance in Indonesia. Indonesia as an agricultural country with a tropical climate, where the sun shines throughout its time, farmers can plant crops throughout the season. In particular, rice farming is currently an inseparable part of most agrarian societies in Indonesia, especially in West Java. However, changes in air temperature, weather and annual rainfall, which...