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Agricultural Risk Management - Experiences from an Action Research Approach

Author

Listed:
  • Lund, Mogens
  • Oksen, Arne
  • Larsen, Torben Ulf
  • Andersen, Henning

Abstract

A new model for risk management in agriculture is described in the paper. The risk model is constructed as a context dependent process, which includes four main phases. The model is aimed at agricultural advisors, who wish to facilitate and disseminate risk management to farmers. It is developed and tested by an action research approach in an attempt to make risk management more applicable on family farms. Our obtained experiences indicate that farmers don't apply probabilistic thinking and other concepts according to formal decision theory.

Suggested Citation

  • Lund, Mogens & Oksen, Arne & Larsen, Torben Ulf & Andersen, Henning, 2005. "Agricultural Risk Management - Experiences from an Action Research Approach," 15th Congress, Campinas SP, Brazil, August 14-19, 2005 24291, International Farm Management Association.
    • Handle: RePEc:ags:ifma05:24291
    DOI: 10.22004/ag.econ.24291
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    Cited by:

    1. Kloczko-Gajewska, Anna & Sulewski, Piotr, 2008. "Methods of Risk Protection Used by Polish Farmers," 108th Seminar, February 8-9, 2008, Warsaw, Poland 48109, European Association of Agricultural Economists.

    More about this item

    Keywords

    Risk and Uncertainty;

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