Farmers' Perceived Risks and Risk Management Strategies in an Emerging Mussel Aquaculture Industry in Denmark
AbstractThe aim of this exploratory study is to provide empirical insight into how mussel farmers perceive and manage risks. The results show that future price, demand for mussels, and changes in public regulation are the high-ranked perceived risks. Bad weather, oxygen depletion, harmful algal blooms (HABs), E. coli, change in governmental regulation, and public views towards mussel culture are also considered important risk factors in mussel farming. On the other hand, production at the lowest possible cost, cooperative marketing, good relations with government, liquidity, adaptation of new technology, and experience sharing are perceived as the most important risk management strategies. When developing and changing policies for farmersâ€™ satisfaction and for the long-term sustainability of mussel aquaculture, policymakers should consider these risks and risk management strategies emphasized by the farmers.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 25 (2010)
Issue (Month): 3 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Risk perception; risk management; seafood markets; Farm Management; Research Methods/ Statistical Methods; Risk and Uncertainty; Q22;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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- Bardhan, Dwaipayan & Dabas, Y.P.S. & Tewari, S.K. & Kumar, Avadhesh, 2006. "An Assessment of Risk Attitude of Dairy Farmers in Uttaranchal (India)," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25259, International Association of Agricultural Economists.
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