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Risk perception and risk management in Norwegian aquaculture

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  • Ole Jakob Bergfjord

Abstract

This exploratory study seeks to provide empirical knowledge about fish farmers' risk attitudes, risk sources and risk management tools by presenting the results from a survey among Norwegian fish farming companies. The results show that fish farmers think of themselves as only moderately risk averse compared, for instance, to crop and livestock farmers. The most important sources of risk are considered to be future salmon prices, institutional risks and fish diseases, while keeping costs low is the most important risk management tool.

Suggested Citation

  • Ole Jakob Bergfjord, 2009. "Risk perception and risk management in Norwegian aquaculture," Journal of Risk Research, Taylor & Francis Journals, vol. 12(1), pages 91-104, January.
    • Handle: RePEc:taf:jriskr:v:12:y:2009:i:1:p:91-104
    DOI: 10.1080/13669870802488941
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    References listed on IDEAS

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    2. Claya, Pablo Mac & Accursia, Federico M. & Harmath, Pedro, 2022. "Surviving as an Argentine Farmer: Factors that Influence Risk Management Strategies," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 13(04), December.
    3. Jayanti Mala Nayak & A V Manjunatha, 2019. "Risk sources and management strategies of farmers: Evidence from mahanadi river basin of Odisha in India," Working Papers 436, Institute for Social and Economic Change, Bangalore.
    4. Muhammad Amjed Iqbal & Azhar Abbas & Syed Asif Ali Naqvi & Muhammad Rizwan & Abdus Samie & Umar Ijaz Ahmed, 2020. "Drivers of Farm Households’ Perceived Risk Sources and Factors Affecting Uptake of Mitigation Strategies in Punjab Pakistan: Implications for Sustainable Agriculture," Sustainability, MDPI, vol. 12(23), pages 1-17, November.
    5. Assefa, Tsion & Lansink, Alfons G.J.M. & Meuwissen, Miranda, 2015. "Does price volatility matter? An assessment along EU food chains," 2015 Conference, August 9-14, 2015, Milan, Italy 210965, International Association of Agricultural Economists.
    6. Thi Tam Duong & Tom Brewer & Jo Luck & Kerstin Zander, 2019. "A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies," Agriculture, MDPI, vol. 9(1), pages 1-16, January.
    7. Schütz, Peter & Westgaard, Sjur, 2018. "Optimal hedging strategies for salmon producers," Journal of Commodity Markets, Elsevier, vol. 12(C), pages 60-70.

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