This paper tests for the extent of moral hazard problem within a Crop Damage Compensation (CDC) program that is similar to traditional multi peril crop insurances but is publicly funded and openly accessible for all farmers in Finland. We further estimate the potential of using the observed...

European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This debate is further stimulated by the perspective of introducing instruments to cope with risk also in the Common Agricultural Policy. Therefore,...

Irrigated agriculture will play a crucial role to meet future food demand, but a sustainable water resource management in agriculture is crucial as well. Therefore, the European Water Framework Directive promotes several measures, e.g., the adoption of adequate water pricing mechanisms or the...

In earlier studies, past succession is found to contribute positively to the farm growth. However, there is lack of information on how are the farms succeeding after the starting phase. In this study, it is analysed how farmers that have recently started their farm enterprise differ from more...

In this paper an applied approach for analysing economic problems under risk and uncertainty based on networks of decisions (NODs) will be discussed. It can be shown that network of decision analysis can help to understand complex decision problems under risk and uncertainty in single case...

This study investigates the impact of climate change adaptation on farm households’ downside risk exposure (e.g., risk of crop failure) in the Nile Basin of Ethiopia. The analysis relies on a moment-based specification of the stochastic production function. We estimate a simultaneous equations...

Pine wood nematode, B. xylophilus poses a serious threat for the European forest industry. This study applies a quantitative risk assessment to analyze the risk of pine wood nematode in the EU, by estimating the reduction expected within forestry stock available for wood supply and its...

Although risk management in farming is a well-documented subject in scientific literature, this same literature is usually used only by other scientist and is not aiding individual farmers in their management. Risk perception and risk attitude are well described determinants of risk behaviour...

Risk considerations have become increasingly important in nowadays agriculture, due to a variety of reasons. Surprisingly, the practice of formalized risk management is not widespread despite the huge amount of scientific literature on this topic. This discrepancy between risk science and...