IDEAS home Printed from https://ideas.repec.org/p/ags/ifma03/24382.html
   My bibliography  Save this paper

Risk and Risk Management in Organic and Conventional Dairy Farming: Empirical Results from Norway

Author

Listed:
  • Lien, Gudbrand D.
  • Flaten, Ola
  • Ebbesvik, Martha
  • Koesling, Matthias
  • Valle, Paul Steinar

Abstract

The objective of this study was to provide empirical insight into dairy farmers' goals, relative risk attitude, sources of risk and risk management responses. The study also examines whether organic dairy farming, leads to important risk sources not experienced in conventional farming and, if so, how those extra risks is managed. The data originate from a questionnaire survey of conventional (n=370) and organic (n=160) dairy farmers in Norway. The results show that organic farmers have somewhat different goals than conventional farmers, and that the average organic farmer is less risk averse. Institutional risk was perceived as the most important source of risk, independently of conventional or organic production system, while organic farmers indicated greater concern about forage yield risk. Keeping cash on hand was the most important strategy to manage risk for all dairy farmers. Diversification and different kinds of flexibility was regarded as a more important risk management strategies among organic than conventional farmers.

Suggested Citation

  • Lien, Gudbrand D. & Flaten, Ola & Ebbesvik, Martha & Koesling, Matthias & Valle, Paul Steinar, 2003. "Risk and Risk Management in Organic and Conventional Dairy Farming: Empirical Results from Norway," 14th Congress, Perth, Western Australia, August 10-15, 2003 24382, International Farm Management Association.
    • Handle: RePEc:ags:ifma03:24382
    DOI: 10.22004/ag.econ.24382
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/24382/files/cp03li01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.24382?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. L.D. Tamini & M. Doyon & M.M. Zan, 2014. "Investment behavior of Canadian Egg Producers: Analyzing the Impacts of Risk Aversion and Variability of Prices and Costs of Production," Cahiers de recherche CREATE 2014-2, CREATE.
    2. Ondersteijn, C.J.M. & Giesen, G.W.J. & Huirne, R.B.M., 2006. "Perceived environmental uncertainty in Dutch dairy farming: The effect of external farm context on strategic choice," Agricultural Systems, Elsevier, vol. 88(2-3), pages 205-226, June.
    3. Sulewski, Piotr & Kłoczko-Gajewska, Anna, 2014. "Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 116(3), pages 1-8, December.
    4. Bhuyan, Sanjib & Postel, Michael, 2009. "Determinants of Organic Dairy Farm Profitability: Some Evidence from the Northeast United States," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49934, Agricultural and Applied Economics Association.
    5. Medina, Felipe & Iglesias, Ana & Mateos, Carlos, 2007. "Risk management, vulnerability, and risk perception of organic farmers in Spain," 101st Seminar, July 5-6, 2007, Berlin Germany 9274, European Association of Agricultural Economists.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifma03:24382. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifmaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.