Risk and risk management in agriculture : an overview and empirical results

R.B.M. Huirne, M.P.M. Meuwissen, J.B. Hardaker, J.R. Anderson

    Research output: Contribution to journalArticleAcademicpeer-review

    21 Citations (Scopus)

    Abstract

    The paper gives an overview of sources of risk and risk management strategies in agriculture. As risk is an inescapable fact of life, in particular in agriculture, farmers must try to manage risk effectively. Risk management is an integral part of good management of a farm, being a way to avoid losses and exploit opportunities. Results of a field survey with 731 Dutch livestock farmers are presented which indicate that contagious animal diseases and the death of the farm operator are the major sources of risk for livestock farmers. Furthermore, producing at the lowest costs and buying insurance are the most important risk management strategies.
    Original languageEnglish
    Pages (from-to)125-136
    JournalInternational Journal of Risk Assessment and Management
    Volume1
    Issue number1/2
    DOIs
    Publication statusPublished - 2000

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