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Risk and economic sustainability of crop farming systems

Author

Listed:
  • Lien, Gudbrand D.
  • Hardaker, J. Brian
  • Flaten, Ola

Abstract

Environmental, social, and economic attributes are important for the sustainability of a farming system. Resilience is also important, yet has seldom been directly considered in evaluations of economic sustainability. In economic terms, resilience has to do with the capacity of the farm business to survive in various risks and other shocks. A whole-farm stochastic simulation model over a six-year planning horizon was used to analyse organic and conventional cropping systems using a model of a representative farm in Eastern Norway. The relative sustainability of the systems was examined in terms of terminal financial position.

Suggested Citation

  • Lien, Gudbrand D. & Hardaker, J. Brian & Flaten, Ola, 2006. "Risk and economic sustainability of crop farming systems," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139879, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare06:139879
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    File URL: http://purl.umn.edu/139879
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    References listed on IDEAS

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    1. Ancev, Tihomir & Vervoort, Willem & Odeh, Inakwu O.A., 2004. "Economic Evaluation Of Watershed Management Options In The Irrigated Cotton Areas Of The Upper Murray-Darling Basin In New South Wales, Australia," 2004 Annual meeting, August 1-4, Denver, CO 20283, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    5. Scheierling, Susanne M. & Young, Robert A. & Cardon, Grant E., 2004. "Determining the Price-Responsiveness of Demands for Irrigation Water Deliveries versus Consumptive Use," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(02), August.
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    Cited by:

    1. Medina, Felipe & Iglesias, Ana, 2008. "Economic Feasibility of Organic Farms and Risk Management Strategies," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44065, European Association of Agricultural Economists.
    2. Mutambara, Solomon & Darkoh, Michael B.K. & Atlhopheng, Julius R., 2016. "A comparative review of water management sustainability challenges in smallholder irrigation schemes in Africa and Asia," Agricultural Water Management, Elsevier, vol. 171(C), pages 63-72.
    3. Medina, Felipe & Iglesias, Ana & Mateos, Carlos, 2007. "Risk management, vulnerability, and risk perception of organic farmers in Spain," 101st Seminar, July 5-6, 2007, Berlin Germany 9274, European Association of Agricultural Economists.

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