Economic risks for farmers have increased during recent years due to various factors such as more extreme climate conditions and the volatility of agricultural markets. We analysed the preferences of Finnish farmers and non-farming citizens concerning catastrophic risk management policies in...

We introduce a class of quantile-based risk measures that generalize Value at Risk (VaR) and, likewise Expected Shortfall (ES), take into account both the frequency and the severity of losses. Under VaR a single confidence level is assigned regardless of the size of potential losses. We allow...

Public stockholding remains a major concern in multilateral negotiations on agricultural trade liberalisation. This paper focuses on identifying alternative policies to buffer stockholding. It first positions buffer stocks within the range of policies aimed at price stabilisation and food...

Operationalizing the Cartagena Protocol on Biosafety will require resolving disputes about the meaning of the term 'precautionary approach' in the treaty text. Although the terms precautionary approach and precautionary principle have been referred to in the regulation of transgenic plants for...

Blockchain technology (BCT), since its emergence touted to be disruptive, is gaining momentum especially in the agri-food system owing to its multiple benefits. In the paper, we attempted to conduct a systematic bibliometric analysis of the BCT in the agri-food system. The analysis comprises the...

Supply chain scenario planning – Coronavirus synopsis questionsSupply chain resilience, contingencies, and business continuity plansHistoric case study of high dependency on the region and the inappropriate spread of manufacturing load. Contingency planning to address business continuity...

Government support for agricultural risk management tools has grown substantially over the past two decades. While these tools can play a role in strengthening farm-level resilience by helping farmers to cope with the financial impact of adverse events, they also modify farmers’ incentives to...

Agricultural income volatility has become a major hurdle for Irish farmers and policymakers to overcome in their drive to increase investment, production and ultimately income in the sector. This paper studies data from 927 farms in the Teagasc National Farm Survey between 2005 and 2013, the...

In order to contribute to the literature on the Income Stabilisation Tool (IST), this study investigates which is the better geographical dimension of a sector-specific instrument. In particular, the study focuses on Italian farms specialised in viticulture over the period of 2011-2014,...

Extreme weather events pose an economic threat to farms. The risk management behaviour against such events is often studied using prospect theory as a framework, but empirically deriving corresponding parameters in the field involving farmers is challenging. To address this issue, we compare...