Agricultural Risk Management - Experiences from an Action Research Approach

Mogens Lund, Arne Oksen, Torben Ulf Larsen and Henning Andersen

No 24291, 15th Congress, Campinas SP, Brazil, August 14-19, 2005 from International Farm Management Association

Abstract: A new model for risk management in agriculture is described in the paper. The risk model is constructed as a context dependent process, which includes four main phases. The model is aimed at agricultural advisors, who wish to facilitate and disseminate risk management to farmers. It is developed and tested by an action research approach in an attempt to make risk management more applicable on family farms. Our obtained experiences indicate that farmers don't apply probabilistic thinking and other concepts according to formal decision theory.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma05:24291

DOI: 10.22004/ag.econ.24291

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