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Risk Management in Agri-food Chain

Author

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  • Bachev, Hrabrin

Abstract

This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agri-food risks, and the (market, private, public and hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in the risk governance. Finally, it identifies contemporary opportunities and challenges for risk governance in agri-food chain.

Suggested Citation

  • Bachev, Hrabrin, 2012. "Risk Management in Agri-food Chain," MPRA Paper 39594, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:39594
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    File URL: https://mpra.ub.uni-muenchen.de/39594/1/MPRA_paper_39594.pdf
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    References listed on IDEAS

    as
    1. Pengzhong Li (ed.), 2011. "Supply Chain Management," Books, IntechOpen, number 957.
    2. Bachev, Hrabrin, 2008. "Governance of Bulgarian Farming," MPRA Paper 7818, University Library of Munich, Germany.
    3. Gerasymenko, Nataliia & Zhemoyda, Oleksandr V., 2009. "New Challenges For Risk Management In Agri-Food Industry," 113th Seminar, September 3-6, 2009, Chania, Crete, Greece 58019, European Association of Agricultural Economists.
    4. Hrabrin Bachev, 2011. "Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 89-103, June.
    5. Bachev, Hrabrin, 2011. "Dairy value chain management in Bulgaria," MPRA Paper 29813, University Library of Munich, Germany.
    6. Thomas L. Sporleder, 1992. "Managerial Economics of Vertically Coordinated Agricultural Firms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(5), pages 1226-1231.
    7. Bachev, Hrabrin, 2008. "Governing of agrarian sustainability," MPRA Paper 7772, University Library of Munich, Germany.
    8. Bachev, Hrabrin, 2010. "Governance of agrarian sustainability," MPRA Paper 99867, University Library of Munich, Germany.
    9. Bachev, Hrabrin Ianouchev & Nanseki, T., 2008. "Risk Governance in Bulgarian Dairy Farming," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44136, European Association of Agricultural Economists.
    10. William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
    11. Richard Shepherd & Gary Barker & Simon French & Andy Hart & John Maule & Angela Cassidy, 2006. "Managing Food Chain Risks: Integrating Technical and Stakeholder Perspectives on Uncertainty," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(2), pages 313-327, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. repec:bas:econth:y:2013:i:2:p:50-75 is not listed on IDEAS
    2. repec:bas:econth:y:2013:i:2:p:76-99 is not listed on IDEAS
    3. Bachev, Hrabrin, 2018. "Institutions and sustainability – insights from Bulgarian agriculture," MPRA Paper 85682, University Library of Munich, Germany.
    4. Bachev, Hrabrin, 2021. "A study on impacts of the institutional environment and climate change on sustainability of agriculture – the case of Bulgaria," MPRA Paper 110262, University Library of Munich, Germany.
    5. Bachev, Hrabrin, 2012. "Governing Agrarian Risks," MPRA Paper 41651, University Library of Munich, Germany.
    6. Bachev, Hrabrin, 2012. "Competitiveness of Bulgarian Farms in Conditions of EU CAP Implementation," MPRA Paper 41657, University Library of Munich, Germany.
    7. Le Thi Minh Hang, 2018. "Value Chain Analysis of Vegetables on Urban Vietnam - Case of Danang City," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 8(4), pages 179-189, April.
    8. Bachev, Hrabrin & Ivanov, Bojidar & Toteva, Dessislava & Sokolova, Emilia, 2021. "Agrarian sustainability in Bulgaria – evaluating economic, social and ecological pillars," MPRA Paper 110263, University Library of Munich, Germany.
    9. Bachev, Hrabrin, 2012. "Agri-environmental Management during EU Integration of Bulgaria," MPRA Paper 42098, University Library of Munich, Germany.

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    More about this item

    Keywords

    risk management; market; private; and public governance; agri-food chain;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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