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Risk and Income Risk Management Issues for Organic Crops in Greece

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  • Tzouramani, Irene
  • Karanikolas, Pavlos
  • Alexopoulos, George

Abstract

Drawing upon a comparative case study of organic and conventional farming in Western Greece, the aim of this study is threefold: firstly, to explore the organic and conventional farmers’ profile through a factor analysis. Secondly, to assess the economic viability of organic cultivation with respect to profitability and risk behaviour, through a Monte Carlo stochastic simulation model. Thirdly, to discuss the necessity for additional income insurance schemes. Research findings indicate that the organic cropping system currently stands out as the most economically viable alternative under the assumption of the existing payments; without payments, however, conventional agriculture would be preferred by all farmers, regardless of their degree of risk aversion

Suggested Citation

  • Tzouramani, Irene & Karanikolas, Pavlos & Alexopoulos, George, 2008. "Risk and Income Risk Management Issues for Organic Crops in Greece," 108th Seminar, February 8-9, 2008, Warsaw, Poland 48116, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa108:48116
    DOI: 10.22004/ag.econ.48116
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    References listed on IDEAS

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    1. Oude Lansink, Alfons G.J.M. & Jensma, Klaske, 2003. "Analysing Profits and Economic Behaviour of Organic and Conventional Dutch Arable Farms," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 4(2), pages 1-13, August.
    2. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    3. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    4. Charles Moss & Grigorios Livanis, 2009. "Implementation of stochastic dominance: a nonparametric kernel approach," Applied Economics Letters, Taylor & Francis Journals, vol. 16(15), pages 1517-1522.
    5. Flaten, Ola & Lien, Gudbrand D., 2005. "Stochastic Utility-Efficient Programming of Organic Dairy Farms," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24743, European Association of Agricultural Economists.
    6. Mahoney, Paul & Olson, Kent D. & Porter, Paul M. & Huggins, David R. & Perillo, Catherine A. & Crookston, R. Kent, 2001. "Risk Analysis of Organic Cropping Systems in Minnesota," 2001 Annual meeting, August 5-8, Chicago, IL 20691, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Blockeel, Johan & Grovermann, Christian & Finger, Robert, 2024. "Comparative Analysis of Organic Farming in the EU: Implications for Crop Protection Costs, Labour, and Income," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344254, International Association of Agricultural Economists (IAAE).

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