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Emerging Issues in Risk Management in Farm Firms

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  • Beal, Diana J.

Abstract

Farming is a high risk business because of the inherent variability of the natural environment in which it is placed and the markets in which its products are sold. Farmers have learned to cope with variability and have adopted management strategies which decrease risk to the farm firm. This paper examines the literature on emerging issues in risk management in agriculture and how farmers might react in the future. Attention is focused on managing changes in risk exposure due to climatic variability and market variability, and on management measures that protect the structure of the farm business.

Suggested Citation

  • Beal, Diana J., 1996. "Emerging Issues in Risk Management in Farm Firms," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(03), pages 1-12, December.
    • Handle: RePEc:ags:remaae:12371
    DOI: 10.22004/ag.econ.12371
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    References listed on IDEAS

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    Cited by:

    1. Greiner, Romy & Miller, Owen & Patterson, Louisa, 2008. "The role of grazier motivations and risk attitudes in the adoption of grazing best management practices," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6002, Australian Agricultural and Resource Economics Society.
    2. Feil, J.-H. & Anastassiadis, F. & Mußhoff, O. & Schilling, P., 2015. "Analysing Farmers’ Use of Price Hedging Instruments: An Experimental Approach," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 50, March.
    3. Bishu, Kinfe & O'Reilly, Seamus & Lahiff, Edward & Steiner, Bodo, 2016. "Cattle farmers’ perceptions of risk and risk management strategies," MPRA Paper 74954, University Library of Munich, Germany.
    4. Conradie, Beatrice & Piesse, Jenifer, 2016. "Ranking perceived risk to farmers: How important is the environment?," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 11(4), pages 1-14, December.
    5. Meuwissen, Miranda P.M. & Huirne, Ruud B.M. & Hardaker, J. Brian, 1999. "Perceptions Of Risks And Risk Management Strategies; An Analysis Of Dutch Livestock Farmers," 1999 Annual meeting, August 8-11, Nashville, TN 21507, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Barnes, Andrew Peter & Toma, Luiza & Mathews, Keith & Sutherland, Lee-Ann & Thomson, Steven, 2014. "Intensify, diversify, opt-out: testing farmer stated intentions to past and future CAP reform scenarios," 88th Annual Conference, April 9-11, 2014, AgroParisTech, Paris, France 169724, Agricultural Economics Society.
    7. Greiner, Romy & Patterson, Louisa & Miller, Owen, 2009. "Motivations, risk perceptions and adoption of conservation practices by farmers," Agricultural Systems, Elsevier, vol. 99(2-3), pages 86-104, February.

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    Risk and Uncertainty;

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