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A Conceptual Framework Of The Impact Of Policy Tools On Farm Strategies For Agricultural Risk Management

Author

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  • Tanya Georgieva

    (University of Economics - Varna, Bulgaria)

Abstract

The paper presents a theoretical summary of criteria used in the literature to identify instruments designed to manage risk within the entire set of agricultural policy measures. It is concluded that a measure of political support can be considered as a risk management tool if three conditions are simultaneously fulfilled: first, the tool is designed to support the management of risk situations and not to deal with situations of Limits; secondly, the financial support of agricultural holdings is limited to the amount of potential or actual losses from risk events; third, the legislative or legal acts by which the instrument was introduced should define it as a risk/crisis management instrument.

Suggested Citation

  • Tanya Georgieva, 2024. "A Conceptual Framework Of The Impact Of Policy Tools On Farm Strategies For Agricultural Risk Management," Conference of the Department of Agricultural Economics, at the University of Economics - Varna, Publishing house "Science and Economics" Varna, issue 1, pages 215-224.
    • Handle: RePEc:vrn:cfabre:y:2024:i:1:p:215-224
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    More about this item

    Keywords

    risk management; policy instruments; farming strategies; agriculture;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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