IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v65y2019i9id11-2019-agricecon.html
   My bibliography  Save this article

Risk in agriculture: An overview of the theoretical insights and recent development trends during last decade - A review

Author

Listed:
  • Lina Novickyté

Abstract

The main purpose of this paper is to provide a detailed overview of the theoretical insights and recent development trends on risk in agriculture. It focuses on the synthesis and analysis of the research studies published over the period from 2008 through 2018 and aims to identify major findings obtained over the recent decade and determine the areas for future research. This paper reviews a total of 397 unique publications retrieved from the international journals accessible in the Web of Science database. Based on different criteria deployed by the scientometric analysis, the selected articles have been reviewed and classified. The bibliometric analysis includes the citation volumes, authors, names of journals, research areas, affiliations, and contributing countries. The network analysis includes the examination of keywords. This article provides an opportunity for scholars, practitioners, and policy-makers to understand and manage risk in agriculture and at the same time presents a roadmap for future research in this field.

Suggested Citation

  • Lina Novickyté, 2019. "Risk in agriculture: An overview of the theoretical insights and recent development trends during last decade - A review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(9), pages 435-444.
    • Handle: RePEc:caa:jnlage:v:65:y:2019:i:9:id:11-2019-agricecon
    DOI: 10.17221/11/2019-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/11/2019-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/11/2019-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/11/2019-AGRICECON?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Geil, Andrew & Sagers, Glen & Spaulding, Aslihan D. & Wolf, James R., 2018. "Cyber Security on the Farm: An Assessment of Cyber Security Practices in the United States Agricultural Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(3), February.
    2. Shadbolt, Nicola M. & Olubode-Awosola, Femi & Gray, David I. & Dooley, Elizabeth, 2010. "Risk - An Opportunity or Threat for Entrepreneurial Farmers in the Global Food Market?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 13(4), pages 1-21.
    3. Vassalos, Michael & Li, Yingbo, 2016. "Assessing the Impact of Fresh Vegetable Growers’ Risk Aversion Levels and Risk Preferences on the Probability of Adopting Marketing Contracts: A Bayesian Approach," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(01), pages 1-18, February.
    4. Sykuta, Michael E., 2016. "Big Data in Agriculture: Property Rights, Privacy and Competition in Ag Data Services," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(A), pages 1-18, June.
    5. Ivana STULEC & Kristina PETLJAK & Tomislav BAKOVIC, 2016. "Effectiveness of weather derivatives as a hedge against the weather risk in agriculture," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(8), pages 356-362.
    6. Connolly, Aidan J. & Turner, Justin & Potocki, Alexa D., 2018. "IGNITE your corporate innovation: insights from setting up an ag-tech start-up accelerator," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(6), July.
    7. Jan HRON & Tomas MACAK & Andrea JINDROVA, 2011. "The theory of preferential choice and its utilization in managerial decision-making," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 57(5), pages 211-216.
    8. Nadezda JANKELOVA & Dusan MASAR & Stefania MORICOVA, 2017. "Risk factors in the agriculture sector," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(6), pages 247-258.
    9. Sari J Himanen & Hanna Mäkinen & Karoliina Rimhanen & Riitta Savikko, 2016. "Engaging Farmers in Climate Change Adaptation Planning: Assessing Intercropping as a Means to Support Farm Adaptive Capacity," Agriculture, MDPI, vol. 6(3), pages 1-13, July.
    10. Shadbolt, Nicola M. & Olubode-Awosola, Femi, 2016. "Resilience, Risk and Entrepreneurship," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(2), pages 1-20, May.
    11. Shanoyan, Aleksan & Briggeman, Brian C., 2014. "Cooperative Innovation: The Case of Team Marketing Alliance, LLC," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(01), pages 1-11, February.
    12. Hansen, James W. & Mishra, Ashok & Rao, K.P.C. & Indeje, Matayo & Ngugi, Robinson Kinuthia, 2009. "Potential value of GCM-based seasonal rainfall forecasts for maize management in semi-arid Kenya," Agricultural Systems, Elsevier, vol. 101(1-2), pages 80-90, June.
    13. Alexander P. Helling & David S. Conner & Sarah N. Heiss & Linda S. Berlin, 2015. "Economic Analysis of Climate Change Best Management Practices in Vermont Agriculture," Agriculture, MDPI, vol. 5(3), pages 1-22, September.
    14. Jiancai PI, 2016. "Altruism, moral hazard, and sharecropping," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(12), pages 575-584.
    15. Anna BRZOZOWSKA & Dagmara BUBEL & Antonina KALINICHENKO & Larysa NEKRASENKO, 2017. "Transformation of the agricultural financial system in the age of globalisation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(12), pages 548-558.
    16. Alvaro Marucci & Andrea Colantoni & Ilaria Zambon & Gianluca Egidi, 2017. "Precision Farming in Hilly Areas: The Use of Network RTK in GNSS Technology," Agriculture, MDPI, vol. 7(7), pages 1-10, July.
    17. van Asseldonk, Marcel & Tzouramani, Irini & Ge, Lan & Vrolijk, Hans, 2016. "Adoption of risk management strategies in European agriculture," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 118(3), pages 1-9, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emil Lucian Crișan & Irina Iulia Salanță & Ioana Natalia Beleiu & Ovidiu Niculae Bordean & Raluca Bunduchi, 2021. "A systematic literature review on accelerators," The Journal of Technology Transfer, Springer, vol. 46(1), pages 62-89, February.
    2. Phongchai Jittamai & Sovann Toek & Phumrapee Sathaporn & Kingkan Kongkanjana & Natdanai Chanlawong, 2024. "Risk Mitigation in Durian Cultivation in Thailand Using the House of Risk (HOR) Method: A Case Study of Pak Chong GI Durian," Sustainability, MDPI, vol. 17(1), pages 1-19, December.
    3. Marilen Gabriel Pirtea & Graţiela Georgiana Noja & Mirela Cristea & Mirela Panait, 2021. "Interplay between environmental, social and governance coordinates and the financial performance of agricultural companies," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(12), pages 479-490.
    4. Davey, Michael & Brookshaw, Anca, 2011. "Long-range meteorological forecasting and links to agricultural applications," Food Policy, Elsevier, vol. 36(S1), pages 88-93.
    5. Marius Mihai Micu & Toma Adrian Dinu & Gina Fintineru & Valentina Constanta Tudor & Elena Stoian & Eduard Alexandru Dumitru & Paula Stoicea & Adina Iorga, 2022. "Climate Change—Between “Myth and Truth” in Romanian Farmers’ Perception," Sustainability, MDPI, vol. 14(14), pages 1-21, July.
    6. Andrea Colantoni & Danilo Monarca & Massimo Cecchini & Enrico Maria Mosconi & Stefano Poponi, 2018. "Small-Scale Energy Conversion of Agro-Forestry Residues for Local Benefits and European Competitiveness," Sustainability, MDPI, vol. 11(1), pages 1-12, December.
    7. Olubode-Awosola, Femi, 2011. "Integrated Assessment Modelling of Complexity in the New Zealand Farming Industry," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115404, New Zealand Agricultural and Resource Economics Society.
    8. Khatami, Koohyar & Shadbolt, Nicola & Dooley, Anne & Gray, David, 2019. "Pr - New Zealand Dairy Farmers’ Debt Management Strategies," 22nd Congress, Tasmania, Australia, March 3-8, 2019 345895, International Farm Management Association.
    9. Wiréhn, Lotten, 2018. "Nordic agriculture under climate change: A systematic review of challenges, opportunities and adaptation strategies for crop production," Land Use Policy, Elsevier, vol. 77(C), pages 63-74.
    10. Kenney, Martin & Serhan, Hiam & Trystram, Gilles, 2020. "Digitalization and Platforms in Agriculture: Organizations, Power Asymmetry, and Collective Action Solutions," ETLA Working Papers 78, The Research Institute of the Finnish Economy.
    11. Michał Bańka & Mariusz Salwin & Roman Tylżanowski & Ireneusz Miciuła & Monika Sychowicz & Norbert Chmiel & Adrian Kopytowski, 2023. "Start-Up Accelerators and Their Impact on Entrepreneurship and Social Responsibility of the Manager," Sustainability, MDPI, vol. 15(11), pages 1-32, May.
    12. Ilaria Zambon & Pere Serra & Rosanna Salvia & Luca Salvati, 2018. "Fallow Land, Recession and Socio-Demographic Local Contexts: Recent Dynamics in a Mediterranean Urban Fringe," Agriculture, MDPI, vol. 8(10), pages 1-17, October.
    13. Martina KÖNIGOVÁ & Jan HRON, 2012. "Methodology for the identification of managerial competencies in knowledge-based organizations," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 58(8), pages 347-353.
    14. Hao, Shirui & Ryu, Dongryeol & Western, Andrew & Perry, Eileen & Bogena, Heye & Franssen, Harrie Jan Hendricks, 2021. "Performance of a wheat yield prediction model and factors influencing the performance: A review and meta-analysis," Agricultural Systems, Elsevier, vol. 194(C).
    15. Barituka Bekee & Michelle S. Segovia & Corinne Valdivia, 2024. "Adoption of smart farm networks: a translational process to inform digital agricultural technologies," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 41(4), pages 1573-1590, December.
    16. Andrea Colantoni & Danilo Monarca & Alvaro Marucci & Massimo Cecchini & Ilaria Zambon & Federico Di Battista & Diego Maccario & Maria Grazia Saporito & Margherita Beruto, 2018. "Solar Radiation Distribution inside a Greenhouse Prototypal with Photovoltaic Mobile Plant and Effects on Flower Growth," Sustainability, MDPI, vol. 10(3), pages 1-17, March.
    17. Bertolozzi-Caredio, Daniele & Bardají, Isabel & Garrido, Alberto & Berry, Robert & Bijttebier, Jo & Gavrilescu, Camelia & Harizanova, Hristina & Jendrzejewski, Błażej & Meuwissen, Miranda M.P. & Ollen, 2021. "Stakeholder perspectives to improve risk management in European farming systems," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 84, pages 147-161.
    18. Wicki, Ludwik & Wicka, Aleksandra, 2024. "Changes in the Macroenvironment and New Threats to Farms," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2024(2).
    19. Bernardo Martin-Gorriz & José A. Zabala & Virginia Sánchez-Navarro & Belén Gallego-Elvira & Víctor Martínez-García & Francisco Alcon & José Francisco Maestre-Valero, 2022. "Intercropping Practices in Mediterranean Mandarin Orchards from an Environmental and Economic Perspective," Agriculture, MDPI, vol. 12(5), pages 1-17, April.
    20. Haoyu Wang & Yuanfeng Zhao, 2024. "Do Weather Derivatives Mitigate the Revenue Risk of Farmers?—The Case of Tongliao, Inner Mongolia, China," Sustainability, MDPI, vol. 16(3), pages 1-16, January.

    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:caa:jnlage:v:65:y:2019:i:9:id:11-2019-agricecon. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    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.