The aim of the paper is to develop an optimization model to support the analysis of decision-making on Macedonian family farms. For this purpose, normative linear programming paradigm is applied, utilising its optimization potential. The model is tested and presented on vegetable farm level....

The paper presents multiple criteria approach to deal with risk in farmer’s decisions. Decision making process is organised in a framework of spreadsheet tool. It is supported by deterministic and stochastic mathematical programming techniques applying optimisation concept. Decision making...

Recent and presumable future developments tend to increase the risks associated with farming activities. These include climate risks which have always played an important role in farming. Weather based instruments can be valuable tools to reduce the risk associate with unfavourable climatic...

To answer the research question: what methods of protection against risk do Polish farmers use depending on the farm type, the sample was divided into clusters depending on farm characteristics. The results show that small farms use completely different risk management tools than medium and...

The biological nature of agricultural production processes induce a higher degree of uncertainty surrounding the economic performance of farm enterprises. This has contributed to the development and acceptance of forms of public intervention aimed at reducing income variability that have no...

The aim of this paper is to propose an analytical framework to explore farmers’ vaccination decisions against endemic animal diseases. First, a theoretical model is developed to highlight how the characteristics of the vaccine influence the farmer’s vaccination decisions over time and the...

Risk management in agriculture has been implemented probably as long as agriculture exists. One of the factors why researchers and policymakers recently are more interested in farm risk management is the vulnerability farmers face towards extreme events (EWE) linked to climate change. This...

This study analyses numerically an animal disease insurance scheme and how it could be operationalized. We focus on animal producer’s incentives to choose an insurance policy and on the feasibility of the insurance system as a whole. We develop a simple simulation model where the producer...

Risk management and income stabilization have been gaining increasing attention in the EU’s agricultural policy debate, also in connection to the recent proposal of a specific package of measures hypothesized in the ongoing CAP reform. The paper summarizes the current policy picture at EU and...