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Risk Management in Production Structures – Realities, Challenges and Opportunities

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  • Annie Dimitrova

Abstract

Agriculture is Bulgaria's oldest and most traditional industry. It has gone through many processes that have shaped and help explain its current state. In the recent past, the return of land to its owners has had a strong impact on farms and their development. In Bulgaria, risk management in agricultural production structures is a relatively new issue with great potential for development. The aim of the study is to assess the realities, problems and opportunities in risk management within the production structures of Bulgarian agriculture. A PESTEL analysis was carried out, and the results confirm the hypothesis that agriculture is a high-risk sector with elements that are dynamic.

Suggested Citation

  • Annie Dimitrova, 2024. "Risk Management in Production Structures – Realities, Challenges and Opportunities," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 353-366.
    • Handle: RePEc:bas:econth:y:2024:i:3:p:353-366
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    References listed on IDEAS

    as
    1. Svend Rasmussen, 2013. "A model for the optimal risk management of (farm) firms," IFRO Working Paper 2013/10, University of Copenhagen, Department of Food and Resource Economics.
    2. Nedyalko Nestorov & Petia Branzova, 2022. "Sustainability of Production and Export of Main Cereal and Oil Crops from Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 146-171.
    Full references (including those not matched with items on IDEAS)

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    1. Annie Dimitrova, 2023. "Trends in the Development of the Structure of the Agricultural Holdings in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 191-204.

    More about this item

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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