A proposal for a modern conceptual framework for risk management in agriculture

Jacek Kulawik

Nr 1/77 (2022)

Artykuły

A proposal for a modern conceptual framework for risk management in agriculture

Jacek Kulawik

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Opublikowane: 28.06.2022

Abstrakt

Contemporary agriculture is exposed to a variety of shocks, both negative (pure risks) and positive (speculative risks), and thus development opportunities. Therefore agriculture is affected by external threats, however, this sector generates variability downstream of the food chains. Therefore, first, the contemporary sources of risk in agriculture and their types are reviewed, emphasizing the high importance of operational and strategic risks and their classification as chains and networks. This approach allowed a shift to risk management at the level of individual farms. Since the risks are aggregated across the entire agricultural sector, and new risks appear at this level, it was necessary to analyse the problems here. Holistic/integrated risk management seems to be the best framework in this case. This combination of a micro perspective with a sector perspective is a novelty in the national agricultural economy, and thus creates scientific added value. Consequently, the main goal of the article was achieved and the assumption was confirmed.

Bibliografia

Autier D., The main characteristics of weatherderivatives, “Risk” 2000, Vol. 13, No. 9. [Google Scholar]
Baldwin K., Gray E., Strengthening agricultural resilience in the face of multiple risks, OECD, Paris 2018. [Google Scholar]
Cervantes-Godoy D., Kimura S., Antón J., Smallholder Risk Managemant in Developing Countries, OECD Food, Agriculture and Fisheries, Papers No. 61, Paris 2013. [Google Scholar]
de Mey Y., van Winsen F., Wauters E. et al., Farm-level evidence on risk balancing behavior in the EU-15, “Agricultural Finance Review” 2014, Vol. 74, No. 1. [Google Scholar]
Gabriel S.C., Baker C.B., Concept of business and financial risk, “American Journal of Agricultural Economics” 1980, Vol. 62. [Google Scholar]
Guegan D., Hassani B., Risk Measurement. From Quantitative Measures to Management Decisions, New York, Springer, 2019. [Google Scholar]
Hardaker B.J., Lien G., Probabilities for decision analysis in agriculture and rural resource economics: The need for a paradigmshift, “Agricultural Systems” 2010, Vol. 103, No. 6. [Google Scholar]
Harwood J., Heifner R., Coble K. et al., Managing risk in Farming, USDA/ers Agricultural Economics Report, No. 774, 1999. [Google Scholar]
Holzmann R, Jorgensen S., Social risk management: A new conceptual framework for social protection, and beyond, “International Tax and Public Finance” 2001, Vol. 8. [Google Scholar]
Komarek M.A., De Pinto A., Smith H.V., A review of types of risks in agriculture: What we know and what we need to know, “Agricultural Systems” 2020, Vol. 178. [Google Scholar]
Kucharski A., Prawa epidemii [Epidemic laws], Warszawa, Wydawnictwo Relacja, 2020. [Google Scholar]
Leppälä J., Systematic Risk Managemant on Farms, “Aalto University publication series Doctoral Dissertations” 2016, No. 17. [Google Scholar]
Lupton S., Meuwissen M., Ingrand S., Editorial introduction to the special issue risk management in agriculture, “Agricultural Systems” 2020, Vol. 178. [Google Scholar]
Mahul O., Stutley J.Ch., Government Support to Agricultural Insurance. Challenges and Options for Developing Countries, The World Bank, Washington, D.C., 2010. [Google Scholar]
OECD, Managing Risk in Agriculture. A Holistic Approach, Paris 2009. [Google Scholar]
OECD, Managing Risk in Agriculture. Policy Assessment and Design, Paris 2011. [Google Scholar]
Meuvissen M.P.M., Huirne R.B.M., Hardaker J.B., Perceptions of risks and risk management strategies, an analysis of Dutch livestock farmers, AAEA Annual Meeting, 8–11.08.1999, Nashville, Tenessee. [Google Scholar]
Miller A., Dobbins C., Prichett J. et al., Risk Management for Farmers, Staff Paper 04–11, Department of Agricultural Economics, Purdue University, September 2004. [Google Scholar]
Mußhoff O., Hirschauer N., Modernes Agrarmanagement. Betriebswirtschaftliche Analyse- und Planungsverfahren, 2. Auflage, München, Verlag Franz Vahlen, 2011. [Google Scholar]
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Scharner M., Pöchtrager S., Larcher M., Risikoeinstellung und Risikowahrnehmung von Milchproduzenten in Österreich, “German Journal of Agricultural Economics” 2016, Vol. 65, No. 4. [Google Scholar]
Schirm A., Wetterderivate – Einsatzmöglichkeiten und Bewertung, “Research in Capital Markets and Finance”, 10.02.2001. [Google Scholar]
Schlieper P., Ertragsausfallversicherung und Intensität pflanzlicher Produktion, Wiesbaden, DUV Springer Fachmedien, 1997. [Google Scholar]
Van Winsen F., de Mey Y., Lauwers L. et al., Cognitive mapping: A method to elucidate and present farmers’ risk perception, “Agricultural Systems” 2013, Vol. 122. [Google Scholar]

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Słowa kluczowe

holistic agricultural risk management system
risk
risk in agriculture
risk management in agriculture

Jak cytować

Kulawik, J. (2022). A proposal for a modern conceptual framework for risk management in agriculture. Ubezpieczenia W Rolnictwie – Materiały I Studia, (1/77), 37–64. Pobrano z https://ojs.academicon.pl/ur/article/view/10049

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[1] Autier D., The main characteristics of weatherderivatives, “Risk” 2000, Vol. 13, No. 9. [Google Scholar]

[2] Baldwin K., Gray E., Strengthening agricultural resilience in the face of multiple risks, OECD, Paris 2018. [Google Scholar]

[3] Cervantes-Godoy D., Kimura S., Antón J., Smallholder Risk Managemant in Developing Countries, OECD Food, Agriculture and Fisheries, Papers No. 61, Paris 2013. [Google Scholar]

[4] de Mey Y., van Winsen F., Wauters E. et al., Farm-level evidence on risk balancing behavior in the EU-15, “Agricultural Finance Review” 2014, Vol. 74, No. 1. [Google Scholar]

[5] Gabriel S.C., Baker C.B., Concept of business and financial risk, “American Journal of Agricultural Economics” 1980, Vol. 62. [Google Scholar]

[6] Guegan D., Hassani B., Risk Measurement. From Quantitative Measures to Management Decisions, New York, Springer, 2019. [Google Scholar]

[7] Hardaker B.J., Lien G., Probabilities for decision analysis in agriculture and rural resource economics: The need for a paradigmshift, “Agricultural Systems” 2010, Vol. 103, No. 6. [Google Scholar]

[8] Harwood J., Heifner R., Coble K. et al., Managing risk in Farming, USDA/ers Agricultural Economics Report, No. 774, 1999. [Google Scholar]

[9] Holzmann R, Jorgensen S., Social risk management: A new conceptual framework for social protection, and beyond, “International Tax and Public Finance” 2001, Vol. 8. [Google Scholar]

[10] Komarek M.A., De Pinto A., Smith H.V., A review of types of risks in agriculture: What we know and what we need to know, “Agricultural Systems” 2020, Vol. 178. [Google Scholar]

[11] Kucharski A., Prawa epidemii [Epidemic laws], Warszawa, Wydawnictwo Relacja, 2020. [Google Scholar]

[12] Leppälä J., Systematic Risk Managemant on Farms, “Aalto University publication series Doctoral Dissertations” 2016, No. 17. [Google Scholar]

[13] Lupton S., Meuwissen M., Ingrand S., Editorial introduction to the special issue risk management in agriculture, “Agricultural Systems” 2020, Vol. 178. [Google Scholar]

[14] Mahul O., Stutley J.Ch., Government Support to Agricultural Insurance. Challenges and Options for Developing Countries, The World Bank, Washington, D.C., 2010. [Google Scholar]

[15] OECD, Managing Risk in Agriculture. A Holistic Approach, Paris 2009. [Google Scholar]

[16] OECD, Managing Risk in Agriculture. Policy Assessment and Design, Paris 2011. [Google Scholar]

[17] Meuvissen M.P.M., Huirne R.B.M., Hardaker J.B., Perceptions of risks and risk management strategies, an analysis of Dutch livestock farmers, AAEA Annual Meeting, 8–11.08.1999, Nashville, Tenessee. [Google Scholar]

[18] Miller A., Dobbins C., Prichett J. et al., Risk Management for Farmers, Staff Paper 04–11, Department of Agricultural Economics, Purdue University, September 2004. [Google Scholar]

[19] Mußhoff O., Hirschauer N., Modernes Agrarmanagement. Betriebswirtschaftliche Analyse- und Planungsverfahren, 2. Auflage, München, Verlag Franz Vahlen, 2011. [Google Scholar]

[20] Offermann F., Ausgewählte Instrumente zum Risikomanagement in der Landwirtschaft. Systematische Zusammenstellung und Bewertung, “Thünen Working Paper” 2017, No. 72, Braunschweig 2017. [Google Scholar]

[21] Rejda, E.G., McNamara J.M., Principles of Risk Management and Insurance, London, New York, Pearson, 2017. [Google Scholar]

[22] Scharner M., Pöchtrager S., Larcher M., Risikoeinstellung und Risikowahrnehmung von Milchproduzenten in Österreich, “German Journal of Agricultural Economics” 2016, Vol. 65, No. 4. [Google Scholar]

[23] Schirm A., Wetterderivate – Einsatzmöglichkeiten und Bewertung, “Research in Capital Markets and Finance”, 10.02.2001. [Google Scholar]

[24] Schlieper P., Ertragsausfallversicherung und Intensität pflanzlicher Produktion, Wiesbaden, DUV Springer Fachmedien, 1997. [Google Scholar]

[25] Van Winsen F., de Mey Y., Lauwers L. et al., Cognitive mapping: A method to elucidate and present farmers’ risk perception, “Agricultural Systems” 2013, Vol. 122. [Google Scholar]