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Coping with Risk in Agriculture, 3rd Edition by J Brian Hardaker,Gudbrand Lien,Jock R Anderson,Ruud B M Huirne Pdf
Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.
Coping with Risk in Agriculture by J. B. Hardaker,Gudbrand Lien,Jock R. Anderson,Ruud B. M. Huirne Pdf
Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this.
Author : J. B. Hardaker,Ruud B. M. Huirne,Jock R. Anderson Publisher : Oxford University Press, USA Page : 292 pages File Size : 43,8 Mb Release : 1997 Category : Agriculture ISBN : WISC:89058936691
Coping with Risk in Agriculture by J. B. Hardaker,Ruud B. M. Huirne,Jock R. Anderson Pdf
Risk and uncertainty are inescapable factors in agriculture. Farmers face production risk, from the weather, crop and livestock performance, and pests and diseases, as well as government-controlled institutional risk, and personal or human risk. Together with price or market risks, these constitute business risk which is further related to financial risk. All of these factors must be managed to achieve satisfactory management in agriculture. The aim of this book is to introduce the nature of agricultural decision making under uncertainty, the concept of rational choice and its foundations in theories of probability and risk preference. It also describes methods for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management.
Managing Risk in Agriculture by Ashok K. Mishra,Subal C. Kumbhakar,Gudbrand Lien Pdf
The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agriculture. The book includes chapters on three themes: understanding risk attitudes and preferences; using experimental economics to measure risk, preferences, and risk management strategies; and understanding climate change, risk, and risk management. The book critically examines the currently held beliefs about risk preference, attitudes, and empirical estimation of risk management strategies, emphasizing developing and emerging economies (DEE). This book is ideal for students and researchers in universities and research organizations who conduct applied research on public policy, community development, and rural development, and will also be of interest to policy-makers in those fields.
Coping with Risk in Agriculture by Laxmi Dalvi Pdf
Farmers in developing countries are frequently exposed to the uncertainties of weather, prices and disease. Many farmers live on the edge of extreme uncertainty, sometimes falling just below, and sometimes rising just above the threshold of survival. Farmers do not know whether rainfall will be good or bad over a season; they do not know the prices they will receive for produce sold; and they do not know whether their crops will be infected by disease. These risks are not under the control of farmers but some farmers have developed ways of coping and managing them. Farmers make decisions every day that affect farming operations. Many of the factors that affect the decisions they make cannot be predicted with complete accuracy; this is risk. Farming has become increasingly risky as farmers become more commercial. Farmers need to understand risk and have risk management skills to better anticipate problems and reduce consequences.
Applied Risk Management in Agriculture by Dana L. Hoag Pdf
Defining the fundamentals of building a risk management plan, Applied Risk Management in Agriculture uses strategic management to organize the process of risk management. A time-tested procedure inside and outside the business community, this technique provides an ideal platform for organizing risk.Making complex principles easily accessible to stu
Agricultural Risk Transfer by Roman Marco Hohl Pdf
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Indian Agriculture after the Green Revolution by Binoy Goswami,Madhurjya Prasad Bezbaruah,Raju Mandal Pdf
From a country plagued with chronic food shortage, the Green Revolution turned India into a food-grain self-sufficient nation within the decade of 1968-1978. By contrast, the decade of 1995-2005 witnessed a spate in suicides among farmers in many parts of the country. These tragic incidents were symptomatic of the severe stress and strain that the agriculture sector had meanwhile accumulated. The book recounts how the high achievements of the Green Revolution had overgrown to a state of this ‘agrarian crisis’. In the process, it also brings to fore the underlying resilience and innovativeness in the sector which enabled it not just to survive through the crisis but to evolve and revive out of it. The need of the hour is to create an environment that will enable the sector to acquire the robustness to contend with the challenges of lifting levels of farm income and coping with Climate Change. To this end, a multi-pronged intervention strategy has been suggested. Reviving public investment in irrigation, tuning agrarian institutions to the changed context, strengthening of market institution for better farm-market linkage and financial access of farmers, and preparing the ground for ushering in technological innovations should form the major components of this policy paradigm.
Advances in Time Series Data Methods in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf
This conference proceedings volume presents advanced methods in time series estimation models that are applicable various areas of applied economic research such as international economics, macroeconomics, microeconomics, finance economics and agricultural economics. Featuring contributions presented at the 2018 International Conference on Applied Economics (ICOAE) held in Warsaw, Poland, this book presents contemporary research using applied econometric method for analysis as well as country specific studies with potential implications on economic policy. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of applied economic research in order to share methods and ideas. Approximately 150 papers are submitted each year from about 40 countries around the world. The goal of the conference and the enclosed papers is to allow for an exchange of experiences with different applied econometric methods and to promote joint initiatives among well-established economic fields such as finance, agricultural economics, health economics, education economics, international trade theory and management and marketing strategies. Featuring global contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of applied economics and econometrics.
Farming is a complex job with many unique challenges, but can also be a rich and rewarding career that is full of opportunities. Following the author's Farm Business Management series, this new textbook takes the core principles and techniques and distils them into an accessible student resource. Written by an expert with decades of teaching and research experience around the world, this book also incorporates two brand new chapters on farm accounting and computer systems and software. Providing a hands-on learning experience for students of agriculture, it will continue to be a much-used resource throughout their farming career.
Managing Risk in Agriculture Policy Assessment and Design by OECD Pdf
This book examines the implications of risk management for policy in agriculture. Opening with a chapter on risk management principles and guidelines for policy design in agriculture, the book goes on to look at quantitative analysis of risk and then at policy in various countries.
Strategic Tillage and Soil Management by Anonim Pdf
In the quest for sustainable agriculture, the manipulation and stewardship of soil through strategic tillage and management practices have emerged as pivotal elements. Strategic Tillage and Soil Management - New Perspectives brings together a wealth of knowledge and innovative approaches for enhancing the health and productivity of agricultural soils. This book delves into the essence of soil science, offering cutting-edge insights into the protection, rehabilitation, and optimal utilization of soil resources. With a focus on combining traditional practices with modern scientific research, it explores various strategies for soil health improvement, water and nutrient management, and the integration of organic and inorganic methods to achieve sustainable agricultural outcomes. This book stands out for its holistic view of the challenges and solutions in soil management, presenting readers with a comprehensive understanding of how strategic tillage can revolutionize agricultural practices. It serves as an essential resource for agronomists, environmental scientists, farmers, and students in the agricultural sciences, offering guidance on implementing effective soil management strategies that can lead to improved crop productivity and environmental sustainability. By harnessing the potential of strategic tillage and soil management, this volume paves the way for future innovations in agriculture, making it an invaluable addition to any agricultural professional’s library. Discover the advantages of strategic soil management and how it can transform the agricultural landscape in Strategic Tillage and Soil Management - New Perspectives.
