IDEAS home Printed from https://ideas.repec.org/a/bla/canjag/v69y2021i2p299-305.html
   My bibliography  Save this article

Risk management in Canada's agricultural sector in light of COVID‐19: Considerations one year later

Author

Listed:
  • Alan P. Ker
  • Scott Biden

Abstract

The unexpected introduction and spread of coronavirus disease‐2019 (COVID‐19) has presented significant risks for every aspect of Canadian society, including the food and agricultural sector. The suite of Business Risk Management (BRM) programs, developed decades ago and without any thought to the possibility of a global pandemic, are meant to assist farmers in managing risks. This article discusses to what extent these BRM programs, and more broadly government programs, assisted farmers in managing risks brought on by the pandemic. Despite calls by industry for significant additional public funds, we find that COVID‐19 exposed no significant gaps in BRM programming and therefore we see no reason for more funding to be funneled to the farm sector through BRM programming. L'introduction et la propagation inattendues de la COVID‐19 ont présenté des risques importants pour tous les aspects de la société canadienne, y compris le secteur alimentaire et agricole. La suite de programmes de gestion des risques de l'entreprise (GRE), développés il y a des décennies et sans aucune réflexion sur la possibilité d'une pandémie mondiale, sont destinés à aider les agriculteurs à gérer les risques. Cet article explique dans quelle mesure ces programmes de GRE, et plus largement les programmes gouvernementaux, ont aidé les agriculteurs à gérer les risques induits par la pandémie. Malgré les appels de l'industrie pour des fonds publics supplémentaires importants, nous constatons que COVID‐19 n'a révélé aucune lacune significative dans la suite GRE et, par conséquent, nous ne voyons aucune raison pour que plus de financement soit acheminé vers le secteur agricole par le biais de la GRE.

Suggested Citation

  • Alan P. Ker & Scott Biden, 2021. "Risk management in Canada's agricultural sector in light of COVID‐19: Considerations one year later," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 299-305, June.
    • Handle: RePEc:bla:canjag:v:69:y:2021:i:2:p:299-305
    DOI: 10.1111/cjag.12287
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/cjag.12287
    Download Restriction: no
    File URL: https://libkey.io/10.1111/cjag.12287?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Alan P. Ker, 2020. "Risk management in Canada's agricultural sector in light of COVID‐19," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(2), pages 251-258, June.
    2. Alan P. Ker & Barry Barnett & David Jacques & Tor Tolhurst, 2017. "Canadian Business Risk Management: Private Firms, Crown Corporations, and Public Institutions," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 65(4), pages 591-612, December.
    3. William A. Kerr, 2021. "Agriculture after a year with COVID‐19: Any long‐term implications for international trade policy?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 261-267, June.
    4. Jill E. Hobbs, 2021. "Food supply chain resilience and the COVID‐19 pandemic: What have we learned?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 189-196, June.
    5. Alan P. Ker & Ryan Cardwell, 2020. "Introduction to the special issue on COVID‐19 and the Canadian agriculture and food sectors: Thoughts from the pandemic onset," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(2), pages 139-142, June.
    6. Alfons Weersink & Michael von Massow & Brendan McDougall & Nicholas Bannon, 2021. "Re‐examining the implications of COVID‐19 on the Canadian dairy and poultry sectors," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 215-224, June.
    7. Richard Barichello, 2021. "Revisiting the effects of the COVID‐19 pandemic on Canada's agricultural trade: The surprising case of an agricultural export boom," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 251-260, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alan P. Ker & Ryan Cardwell, 2021. "Introduction to the special issue on COVID‐19 and the Canadian agriculture and food sectors: Thoughts one year into the pandemic," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 155-159, June.
    2. Kumar, Anish & Mangla, Sachin Kumar & Kumar, Pradeep & Song, Malin, 2021. "Mitigate risks in perishable food supply chains: Learning from COVID-19," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    3. Ali, Imran & Arslan, Ahmad & Chowdhury, Maruf & Khan, Zaheer & Tarba, Shlomo Y., 2022. "Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events: A dynamic capability perspective," Journal of Business Research, Elsevier, vol. 141(C), pages 1-12.
    4. Colin A. Carter & Sandro Steinbach & Xiting Zhuang, 2023. "Supply chain disruptions and containerized agricultural exports from California ports," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 1051-1071, June.
    5. Gheorghe Cristian Popescu & Monica Popescu, 2022. "COVID-19 pandemic and agriculture in Romania: effects on agricultural systems, compliance with restrictions and relations with authorities," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 14(2), pages 557-567, April.
    6. Mingsong Hao & Chuntian Lu & Xi Zhou & Jing Xu, 2023. "How Agricultural Farmers Respond to Risks during the COVID-19 Pandemic: An Exploration through the Dual Social Capitals Approach," Agriculture, MDPI, vol. 13(2), pages 1-18, February.
    7. Norbert Bajkó & Zsolt Fülöp & Kinga Nagyné Pércsi, 2022. "Changes in the Innovation- and Marketing-Habits of Family SMEs in the Foodstuffs Industry, Caused by the Coronavirus Pandemic in Hungary," Sustainability, MDPI, vol. 14(5), pages 1-17, March.
    8. Peter Slade, 2021. "The impact of price hedging on subsidized insurance: Evidence from Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(4), pages 447-464, December.
    9. Margherita Bernabei & Silvia Colabianchi & Francesco Costantino, 2022. "Actions and Strategies for Coronavirus to Ensure Supply Chain Resilience: A Systemic Review," Sustainability, MDPI, vol. 14(20), pages 1-19, October.
    10. Yanqi Han & Hui Lyu & Shixiong Cheng & Yuhang He, 2022. "Influencing Mechanism and Difference of Poultry Farmers’ Willingness and Behavior in Breeding Scale—Evidence from Jianghan Plain, China," IJERPH, MDPI, vol. 19(3), pages 1-15, January.
    11. Assem Abu Hatab & Carl‐Johan Lagerkvist & Abourehab Esmat, 2021. "Risk perception and determinants in small‐ and medium‐sized agri‐food enterprises amidst the COVID‐19 pandemic: Evidence from Egypt," Agribusiness, John Wiley & Sons, Ltd., vol. 37(1), pages 187-212, January.
    12. Benjamin Nitsche, 2021. "Exploring the Potentials of Automation in Logistics and Supply Chain Management: Paving the Way for Autonomous Supply Chains," Logistics, MDPI, vol. 5(3), pages 1-9, August.
    13. Carter, Colin A. & Steinbach, Sandro & Zhuang, Xiting, 2022. "Global Shipping Container Disruptions and U.S. Agricultural Exports," Working Papers 320397, International Agricultural Trade Research Consortium.
    14. Xiaolei Li & Jian Li & Ping Qing & Wuyang Hu, 2021. "COVID-19 and the Change in Lifestyle: Bodyweight, Time Allocation, and Food Choices," IJERPH, MDPI, vol. 18(19), pages 1-14, October.
    15. Xi He, 2022. "Political and economic determinants of export restrictions in the agricultural and food sector," Agricultural Economics, International Association of Agricultural Economists, vol. 53(3), pages 439-453, May.
    16. Karzan Mahdi Ghafour & Abdulqadir Rahomee Ahmed Aljanabi, 2023. "The role of forecasting in preventing supply chain disruptions during the COVID-19 pandemic: a distributor-retailer perspective," Operations Management Research, Springer, vol. 16(2), pages 780-793, June.
    17. Abderahman Rejeb & Karim Rejeb & Andrea Appolloni & Mohammad Iranmanesh & Horst Treiblmaier & Sandeep Jagtap, 2022. "Exploring Food Supply Chain Trends in the COVID-19 Era: A Bibliometric Review," Sustainability, MDPI, vol. 14(19), pages 1-33, September.
    18. Tomas Baležentis & Mangirdas Morkūnas & Agnė Žičkienė & Artiom Volkov & Erika Ribašauskienė & Dalia Štreimikienė, 2021. "Policies for Rapid Mitigation of the Crisis’ Effects on Agricultural Supply Chains: A Multi-Criteria Decision Support System with Monte Carlo Simulation," Sustainability, MDPI, vol. 13(21), pages 1-31, October.
    19. Ahn, Soojung & Steinbach, Sandro, 2022. "COVID-19 Trade Actions and Their Impact on the Agricultural and Food Sector," 2022 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 7-9, 2022 316789, Agricultural and Applied Economics Association.
    20. Swanson, Katelin A. & Mandal, Bidisha, 2022. "The Impacts of COVID-19 on Employment in the Food Manufacturing Subsector," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322107, Agricultural and Applied Economics Association.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:canjag:v:69:y:2021:i:2:p:299-305. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/caefmea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.