IDEAS home Printed from https://ideas.repec.org/p/ags/eaa113/58130.html
   My bibliography  Save this paper

Risk Management in Milk Production: A Study in Five European Countries

Author

Listed:
  • Schaper, Christian
  • Lassen, Birthe J.
  • Theuvsen, Ludwig

Abstract

The EU agricultural policy has recently been characterized by radical changes that increase market volatilities. Especially in the dairy market, fluctuating prices as well as production and political risks lead to high uncertainty for farmers. Based on a comprehensive survey, this paper discusses the risk perception and risk management strategies of dairy farmers in selected European countries. This approach allows a more detailed analysis of the determinants of farmers’ risk perceptions and risk management. First, based on the literature, a comprehensive framework was developed for the determinants of farmers’ risk perceptions and risk management. This framework guided an empirical study in 2007 in which 236 German dairy farmers were interviewed using a standardized questionnaire. Subsequently, parallel surveys have been conducted in the Netherlands, Ireland, Switzerland and France using case studies and expert interviews on dairy farmers’ risk management. The findings provide in-depth insights into the determinants of risk perception and risk management on dairy farms and the way risk management is integrated into the strategic management of those farms. The most important risks that dairy farmers currently perceive are various market risks followed by policy and production risks. Results show that future-oriented dairy farmers operate in a risk-conscious but not risk-averse way and selectively apply risk management strategies.

Suggested Citation

  • Schaper, Christian & Lassen, Birthe J. & Theuvsen, Ludwig, 2009. "Risk Management in Milk Production: A Study in Five European Countries," 113th Seminar, September 3-6, 2009, Chania, Crete, Greece 58130, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa113:58130
    DOI: 10.22004/ag.econ.58130
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/58130/files/Schaper.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.58130?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
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:zbw:inwedp:592016 is not listed on IDEAS
    2. Manuela Larcher & Martin Schönhart & Erwin Schmid, 2016. "Risikobewertung und Risikomanagement landwirtschaftlicher BetriebsleiterInnen in Österreich – deskriptive Befragungsergebnisse 2015," Working Papers 592016, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    3. Loughrey, J. & Thorne, F. & Kinsella, A. & Hennessy, T. & O'Donoghue, C. & Vollenweider, X., 2015. "Market risk management and the demand for forward contracts among Irish dairy farmers," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 4(4), July.
    4. Sauer, Johannes & Latacz-Lohmann, Uwe, 2012. "Efficient Innovation in Dairy Production - Empirical Findings for Germany," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137386, German Association of Agricultural Economists (GEWISOLA).
    5. Sauer, J. & Latacz-Lohmann, U., 2013. "Efficient Innovation in Dairy Production – Empirical Findings for Germany," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
    6. Larcher, Manuela & Schönhart, Martin & Schmid, Erwin, 2016. "Risikobewertung und Risikomanagement landwirtschaftlicher BetriebsleiterInnen in Österreich – deskriptive Befragungsergebnisse 2015," Discussion Papers DP-59-2016, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    7. Sauer, J. & Latacz-Lohmann, Uwe, 2013. "Efficient Innovation in Dairy Production - Empirical Findings for Germany," 87th Annual Conference, April 8-10, 2013, Warwick University, Coventry, UK 158865, Agricultural Economics Society.

    More about this item

    Keywords

    Agricultural and Food Policy;

    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:ags:eaa113:58130. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.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.