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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
    DOI: 10.22004/ag.econ.139879
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    Cited by:

    1. Tzouramani, Irene & Karanikolas, Pavlos & Alexopoulos, George & Sintori, Alexandra & Liontakis, Angelos E., 2008. "Modelling Economic Alternatives For Tobacco Producers: The Case Of Sheep Farming," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6695, European Association of Agricultural Economists.
    2. 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.
    3. 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.
    4. Hashmiu, Ishmael & Agbenyega, Olivia & Dawoe, Evans, 2022. "Determinants of crop choice decisions under risk: A case study on the revival of cocoa farming in the Forest-Savannah transition zone of Ghana," Land Use Policy, Elsevier, vol. 114(C).
    5. 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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