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PERCEPTIONS OF RISKS AND RISK MANAGEMENT STRATEGIES; AN ANALYSIS OF DUTCH LIVESTOCK FARMERS AgEcon
Meuwissen, Miranda P.M.; Huirne, Ruud B.M.; Hardaker, J. Brian.
The risk environment of farmers is changing and new risk management strategies are being introduced. Beal (1996) stated that risk management strategies adopted by farmers will be in accordance with their personal preferences for risk. In this context it would be useful for developers and sellers of new risk management strategies to have insight into farmers' preferences for risk. This paper studies to what extent such preferences are farmer-specific or whether general relationships exist. By means of a large questionnaire survey among 2700 livestock farmers in the Netherlands we gathered data on four groups of variables, i.e. socioeconomic characteristics of the farm, farmers' attitudes towards risk, their perceptions of sources of risk, and their...
Tipo: Conference Paper or Presentation Palavras-chave: Perception; Sources of risk; Risk management strategies; Attitude towards risk; Questionnaire survey; Livestock farming; The Netherlands; Livestock Production/Industries; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21507
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Risk management strategies by Australian farmers: two case studies AgEcon
Nguyen, Nam C.; Wegener, Malcolm K.; Russell, Iean W.; Cameron, Donald; Coventry, David; Cooper, Ian M..
Australian farmers operate in one of the most risky farming environments in the world. They have to cope with numerous sources of risk including weather uncertainty, variable market prices, and institutional changes in their business management. This paper reports results from two case studies undertaken to examine the issues of farming risks and risk management strategies in Australia. The first case study found that unpredictable weather, financial risk, marketing risk, and personal risk were regarded as the major sources of risk among farmers in the Upper Eyre Peninsula of South Australia. The main risk management strategies used by farmers in that region included diversifying crop varieties, adopting minimum tillage farming practices, minimising the...
Tipo: Article Palavras-chave: Farming risks; Sources of risk; Management strategies; Dryland farmers; Australia; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/122230
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