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Risk Management In The Agricultural Sector With Special Attention To Insurance

Author

Listed:
  • Anna Lorant

    (Szent Istvan University)

  • Maria Fekete Farkas

    (Szent Istvan University)

Abstract

The agricultural sector is highly affected by the weather conditions and losses will likely increase in the future as natural disasters become more frequent (IPCC, 2012). There are a number of tools available in agricultural risk management; in this article we review agricultural insurance schemes of several OECD countries with special attention to the role of the government and the promotion of risk reduction and good agricultural practices. At the end we conclude that while public involvement can significantly increase penetration; the lack of self-efficacy is still a major challenge in many systems, which countries are addressing in different ways. The new Hungarian system could potentially become an example of successful public-private partnership that addresses the self-efficacy problem in an efficient way.

Suggested Citation

  • Anna Lorant & Maria Fekete Farkas, 2015. "Risk Management In The Agricultural Sector With Special Attention To Insurance," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 71-82, June.
    • Handle: RePEc:pcz:journl:v:11:y:2015:i:2:p:71-82
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    Cited by:

    1. Natalia Trusova & Natalia Zakharova & Andrii Lysenko & Inna Kohut, 2022. "Risk-orientated management in the sustainable economic system of united agricultural enterprises," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 347-372.
    2. Shirinyan Lada & Arych Mykhailo & Rohanova Hanna, 2021. "Influence of Insurance on Competitiveness of Food Enterprises in Ukraine," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(1), pages 5-12, March.
    3. Donatella Porrini & Giulio Fusco & Pier Paolo Miglietta, 2019. "Post-Adversities Recovery and Profitability: The Case of Italian Farmers," IJERPH, MDPI, vol. 16(17), pages 1-12, September.
    4. Lysenko, Veronika, 2017. "Корпоративна Стратегія Управління Ризиками В Агробізнесі," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 3(4), December.

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