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Farm-planning under risk: An application of decision analysis and portfolio theory for the assessment of crop diversification strategies in horticultural systems

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  • Burbano-Figueroa, Oscar
  • Sierra-Monroy, Alexandra
  • David-Hinestroza, Adriana
  • Whitney, Cory
  • Borgemeister, Christian
  • Luedeling, Eike

Abstract

Even though diversification of horticultural production systems allows farmers to cope with risks and uncertainties, strategies for raising profitability usually aim to improve the productivity of monocultures rather than pursuing diversification. Horticultural production systems are often highly diversified in terms of land use and planted crops.

Suggested Citation

  • Burbano-Figueroa, Oscar & Sierra-Monroy, Alexandra & David-Hinestroza, Adriana & Whitney, Cory & Borgemeister, Christian & Luedeling, Eike, 2022. "Farm-planning under risk: An application of decision analysis and portfolio theory for the assessment of crop diversification strategies in horticultural systems," Agricultural Systems, Elsevier, vol. 199(C).
    • Handle: RePEc:eee:agisys:v:199:y:2022:i:c:s0308521x22000452
    DOI: 10.1016/j.agsy.2022.103409
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