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...

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...

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...

Considering that risk management can improve the competitiveness of agricultural enterprises, since 2009 the Common Agricultural Policy (CAP) has introduced measures to support certain risk management tools, including agricultural insurance. The recent CAP reform proposals suggest shifting them...

Russia's embargo on food imports from Turkey will trim Turkey's exports to Russia by some $1bn, nearly 60% of Turkey's total agri-food exports to Russia. Produce exports will be hit hardest. The embargo may have a severe impact on Russia's tomato, grape and tangerine markets. Turkish supplies...