Risk Management in Creating Value of the Company from the Agricultural Sector

2013 ◽  
Author(s):  
Paulina Wagrowska
Keyword(s):  
Risk Management ◽  
Agricultural Sector

Thirty Years of Multilevel Processes for Adaptation of Livestock Production to Droughts in Uruguay

2017 ◽  
Vol 10 (1) ◽  
pp. 59-74 ◽  
Author(s):  
G. Cruz ◽  
W. Baethgen ◽  
D. Bartaburu ◽  
M. Bidegain ◽  
A. Giménez ◽  
...  
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Agricultural Sector ◽  
Academic Research ◽  
Study Groups ◽  
Management Approach ◽  
Adaptation To Climate Change ◽  
Science And Policy ◽  
Proactive Management ◽  
The Government

Abstract Most countries lack effective policies to manage climate risks, despite growing concerns with climate change. The authors analyzed the policy evolution from a disaster management to a risk management approach, using as a case study four agricultural droughts that impacted Uruguay’s livestock sector in the last three decades. A transdisciplinary team of researchers, extension workers, and policy makers agreed on a common conceptual framework for the interpretation of past droughts and policies. The evidence presented shows that the set of actions implemented at different levels when facing droughts were mainly reactive in the past but later evolved to a more integral risk management approach. A greater interinstitutional integration and a decreasing gap between science and policy were identified during the period of study. Social and political learning enabled a vision of proactive management and promoted effective adaptive measures. While the government of Uruguay explicitly incorporated the issue of adaptation to climate change into its agenda, research institutions also fostered the creation of interdisciplinary study groups on this topic, resulting in new stages of learning. The recent changes in public policies, institutional governance, and academic research have contributed to enhance the adaptive capacity of the agricultural sector to climate variability, and in particular to drought. This study confirms the relevance of and need to work within a transdisciplinary framework to effectively address the different social learning dimensions, particularly those concerning the adaptation to global change.

scholarly journals DIRECTIONS OF DEVELOPMENT OF MECHANISMS FOR STATE SUPPORT OF REGIONAL INNOVATIVE PROJECTS

2020 ◽  
Vol 8 (2) ◽  
pp. 26-30
Author(s):  
Svetlana Pryaluhina ◽  
Tat'yana Agapova
Keyword(s):  
Risk Management ◽  
Risk Reduction ◽  
Agricultural Sector ◽  
Innovation Policy ◽  
State Support ◽  
Agricultural Enterprises ◽  
Agriculture Risk

The article is devoted to the study and development of mechanisms of state support for innovative projects in the region's agriculture. Risk management methods for risk reduction by agricultural enterprises are indicated. Measures are proposed to improve the innovation policy of the agricultural sector.

scholarly journals Climate Change And Agriculture Management – Western Balkan Region Analysis

2021 ◽  
Author(s):  
Franc Željko Županić ◽  
Danka Radić ◽  
Iztok Podbregar
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Scientific Paper ◽  
Western Balkans ◽  
Western Balkan Region ◽  
The Republic

Abstract Background: The aim of this paper is to analyze the possibilities of the agricultural sector of the Western Balkans, to assess compliance with the European Green Deal, which provides for the implementation of activities, which should enable the transition to the green sector and climate change mitigation. This paper is the first scientific paper to analyze agriculture and climate change in light of the EU Green Deal for the Western Balkan territory.Results: Agricultural production is one of the leading industries in the Western Balkans. In the Republic of Serbia, the total gross value of agricultural production in 2019 amounted to 5.5 billion dollars, in Albania, it is the basis of the life of the population and the system of protection against unemployment, while in Bosnia and Herzegovina 1/5 of the population is employed in this sector. Montenegro has a significant share in the gross domestic product (GDP, 8%), while in the Republic of Northern Macedonia agriculture accounts for 13% of GDP. Climate change and predictions that temperatures will increase by 4oC in the coming decades pose a risk not only to agricultural production but also to the safety of the population. If it takes into account that the agricultural production of the countries of the Western Balkans depends primarily on rain, this makes this sector particularly vulnerable. Unless appropriate measures are taken and risk management for water resources and agriculture is improved, there will be a decrease in precipitation and an increase in dry days by 20%. One of the ways to implement adequate activities is the adoption of regulations related to the creation of local energy management, which will enable the assessment of climate change and based on them to give appropriate "energy response“. Conclusions: Taking this combined and ambitious approach and using the latest developments in knowledge and innovation, the Common Agricultural Policy (CAP) aligns agriculture with the European Green Deal, which aims to create an inclusive, competitive, and environmentally friendly future for Europe. Finding renewable energy sources and improving risk management can mitigate the negative impact of climate change and prevent the loss of agrobiodiversity.

scholarly journals Intention Level of Farmers to Use Information Communication Technologies for Agricultural Risk Management in Malaysia

2020 ◽  
Vol 27 (2) ◽  
pp. 108-117 ◽  
Author(s):  
Muhammad Ali ◽  
Norsida Man ◽  
Farrah Muharam
Keyword(s):  
Risk Management ◽  
Information And Communication Technologies ◽  
Climate Changes ◽  
Agricultural Sector ◽  
Service Providers ◽  
Sampling Technique ◽  
Communication Technologies ◽  
Cluster Sampling ◽  
Agricultural Risk ◽  
Agricultural Risk Management

Climate changes are changing intentions of farmers to tackle climate variations in various ways. Information and Communication Technologies are proving to assist farmers to manage agricultural risk timely and with fewer efforts. Intention of farmers to use ICTs in the context of agricultural risk management is important to understand. Therefore, the present study was designed to examine intention of the farmers from the context of Malaysia. The field survey of three selected states was conducted in which 350 farmers were chosen through multi stage cluster sampling technique. The Likert scale items measuring 1 as strongly disagree to 5 as strongly agree were used in the research instrument to assess intention of the respondents. The findings revealed that the farmers showed positive intention to use ICTs for agricultural risk management from the future lens. The overall level of intention was also high. However, internet speed, small screen display and battery issues could halt intention of the farmers to harness potential of digital technologies as reported by the farmers. Thus, the study recommends that agricultural extension service providers are required to introduce various digital skill development programs for the farmers exclusively resource poor and less digital familiar farmers to reduce the risk in the agricultural sector stem from climate changes. Keywords: intention, farmers, ICTs, agricultural risk management, Malaysia

scholarly journals Decision spaces in agricultural risk management: a mental model study of Austrian crop farmers

2021 ◽  
Author(s):  
Susanne Hanger-Kopp ◽  
Marlene Palka
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Management Policy ◽  
Risk Governance ◽  
Drought Risk ◽  
Agricultural Risk ◽  
Management Options ◽  
Cognitive Representations ◽  
Trade Offs ◽  
Drought Risk Management

AbstractDrought has become a dominant climate risk both around the world and in Europe, adding to the already challenging task of farming and governing the agricultural sector under climate change. Drought risk management is extremely complex. Apart from irrigation, most drought risk management options have more than one goal and may potentially have negative trade-offs with other risk management objectives. Moreover, government regulations and market mechanisms influence farmers’ decision-making. However, previous studies, both in developed and in developing countries, have predominantly focused on attitudinal and structural influencing factors on farmers’ risk management behavior. In this paper, we comprehensively investigate farmers’ decision spaces with respect to drought risk management. We address two applied research questions: (1) What are farmers’ preferred drought risk management measures? (2) From a farmer’s perspective, what are the dominant factors influencing drought risk management decisions? We find that farmers primarily think of production-based rather than financial measures with respect to drought risk management. At the same time, natural and technical constraints and enabling factors dominate their mental decision space, followed by public and private institutional aspects. This research provides a basis for the design of integrated and holistic drought risk management policy and the drought risk governance needed for sustainable use of land and water resources such as needed to address systemic risks and achieve the Sustainable Development Goals. Moreover, we introduce a novel approach using mental models extracted from interviews to explore cognitive representations of farmers' decision spaces. This approach has the potential to complement mainstream research using standardized surveys and behavioral models to analyze drivers of risk management.

Transformation of agriculture risk management

2019 ◽  
Vol 79 (1) ◽  
pp. 136-155
Author(s):  
Ahmad Raza Bilal ◽  
Mirza Muhammad Ali Baig
Keyword(s):  
Risk Management ◽  
Risk Evaluation ◽  
Agricultural Sector ◽  
Risk Mitigation ◽  
Evaluation Process ◽  
Regulatory Compliance ◽  
Content Type ◽  
Farm Credit ◽  
Agriculture Risk

Purpose The purpose of this paper is to investigate the balanced role of internal and external compliance in risk evaluation process of specialized agriculture financing. The authors examine the adaptive behavior of risk managers to determine the role of proposed transformation for risk monitoring (RM) and control process in risk mitigation and avoidance of agriculture credit failure. Design/methodology/approach A self-administered survey was conducted to collect data from 353 risk-related officers and managers in Zarai Taraqiati Bank Limited (ZTBL) Pakistan. The authors used a previously tested scale for the main constructs. The descriptive analyses were used to gauge the model capacity for determining the strength of proposed risk patterns in agriculture risk management. Findings The results reveal that risk evaluation process in ZTBL is reasonably efficient in mitigating risks. Given the sensitive nature of farm credit, there is a need of fundamental reforms in risk policy manuals in line with central bank’s agriculture prudential regulations and Basel-III standards. The results fully support H1 and H2, while H3 is partially validated. The result patterns indicate serious issues in risk evaluation process in agriculture finance that is causing higher delinquency in farm credit. Research limitations/implications Based on highlighted issues, the authors recommend valuable guidelines in the RM review system for agriculture financing products at ZTBL. Practical implications The authors propose remodeling of agriculture risk management and offer valuable insights to the agriculture financial regulators and government in taking policy initiatives in the pre-and-post agriculture risk evaluation process. The proposed model enables RM process to improve farm credit delinquency, particularly in ZTBL and other agriculture banking networks in commercial banks. Originality/value This is the first study to empirically investigate RM evaluation process in agriculture risk management of ZTBL in Pakistan, thus, offers new horizon of farm credit regulatory compliance in agricultural sector of Pakistan.

scholarly journals Risk Management in Agricultural Holdings in Bulgaria

2021 ◽  
Vol 27 (3) ◽  
pp. 70-83
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Management Strategies ◽  
Integrated Approach ◽  
Methodological Framework ◽  
Economic Activities ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Process Risk ◽  
The Government

The developing uncertainties, risks and crises related to the natural environment, technology, economic and political environment, as well as globalization, still pose a challenge to addressing risk management in the agricultural sector in Bulgaria. The purpose of the article is to make an analysis of risk management in agricultural holdings and, on this basis, to identify generalized conclusions and suggestions for improving the process. Risk management often depends on the economic activities and internal attitudes of farm managers. The methodological framework of the study includes: 1) Theoretical review of risk management in the agricultural sector, identifying the sources of uncertainty and risk, the ability of farmers to use different risk management strategies, as well as the dependence of risk management on the perceptions of farmers and the measures taken by the government; 2) Methodological framework of the study of risk management in agricultural holdings; 3) Recommendations for improving the risk management process. The analyses in the article present the results of university project NI 16/2018 Integrated approach to risk management in the agricultural sector.

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