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Управление На Риска В Аграрния Сектор
[Risk management in agrarian sector]

Author

Listed:
  • Bachev, Hrabrin

Abstract

Risks management studies in agri-food sector predominately focus on technical methods and capability to perceive, prevent, mitigate, and recover from diverse risks. In most economic publications the risks is studied as other commodity regulated by market supply and demand, and farmers “willingness to pay” for an insurance contract modeled. At the same time, risk management analysis largely ignore a significant “human nature” based (bounded rationality, opportunism) risk, critical factors for the managerial choice such as the institutional environment and the transaction costs, and diversity of alternative (market, private, collective, public, hybrid) modes of risk management. This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in agrifood sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agri-food risks, and the (market, private, public and hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in the risk governance. Finally, it identifies contemporary opportunities and challenges for risk governance in agri-food chain.

Suggested Citation

  • Bachev, Hrabrin, 2012. "Управление На Риска В Аграрния Сектор [Risk management in agrarian sector]," MPRA Paper 98767, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98767
    as

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    References listed on IDEAS

    as
    1. Bachev, Hrabrin, 2008. "Production and productivity of Bulgarian agriculture in post war years," MPRA Paper 7787, University Library of Munich, Germany.
    2. Bachev, Hrabrin, 2008. "Governance of Bulgarian Farming," MPRA Paper 7818, University Library of Munich, Germany.
    3. Gerasymenko, Nataliia & Zhemoyda, Oleksandr V., 2009. "New Challenges For Risk Management In Agri-Food Industry," 113th Seminar, September 3-6, 2009, Chania, Crete, Greece 58019, European Association of Agricultural Economists.
    4. Chenevix Trench, Pippa & Narrod, Clare A. & Roy, Devesh & Tiongco, Marites, 2011. "Responding to health risks along the value chain:," 2020 conference briefs 5, International Food Policy Research Institute (IFPRI).
    5. Thomas L. Sporleder, 1992. "Managerial Economics of Vertically Coordinated Agricultural Firms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(5), pages 1226-1231.
    6. Bachev, Hrabrin Ianouchev & Nanseki, T., 2008. "Risk Governance in Bulgarian Dairy Farming," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44136, European Association of Agricultural Economists.
    7. Bachev, Hrabrin, 2008. "Agricultural policies in Bulgaria in post Second World War years," MPRA Paper 7789, University Library of Munich, Germany.
    8. Richard Shepherd & Gary Barker & Simon French & Andy Hart & John Maule & Angela Cassidy, 2006. "Managing Food Chain Risks: Integrating Technical and Stakeholder Perspectives on Uncertainty," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(2), pages 313-327, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    risk management; market; private; and public governance; agri-food chain;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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