The optimisation of production plans is an important topic in agriculture, often related to diversificationand specialisation as the classical instruments of coping with production risk. Althoughthe measurement of embedded risk is often inaccurate, it is nevertheless necessary for decisionmaking...

Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions of perfect foresight. Although trades will occur based on differences in VMPs of water in both markets, they will also be generated by differences in risk. Some farmers will...

This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration of the model is used to run Monte-Carlo...

This paper estimates optimal hedging ratios for a Finnish spring wheat producer under price and yield risk. The forward contract available for hedging fixes the price and quantity at the time of sowing for a delivery at harvest. Autoregressive models are used to obtain point forecasts for the...

This study analyzed the effects that the use of crop insurance products and marketing alternatives had on the gross revenue per acre for an individual farm in Cass County. Crop insurance products and marketing strategies were analyzed individually to determine if they were effective in...

This article has been made according to my dissertation in which I present some opportunity of risk analysis and risk managementin the decision support of crop production.Plant production is one of the most hazardous agricultural enterprises. Among risk sources seasonal fluctuation of average...

A theoretical optimal hedging model is developed to determine potential demand from Australianfarmers for a hedging tool to remove the economic consequences of climate related variability inwheat yield. In the past, financial instruments have been developed to hedge price risk on capitalmarkets;...

This paper explores and analyzes farmers’risk perceptions, risk management instruments’ demandand usage in five Member States (Hungary, Spain, theNetherlands, Germany and Poland). A survey completedby 1047 representative farmers of these EU MemberStatus collected information that allowed us...

This study examines the economic potential of producing a wheat (Triticum aesitivum) and grain sorghum (Sorghum bicolor (L.) Moench) rotation with three different tillage strategies compared to the Conservation Reserve Program (CRP) in a semi-arid region. This research uses stochastic efficiency...

The purpose of this study is to assess and evaluate the most important risks in selected Europeanand international food chains from the perspective of the buying company. The primary objectiveis to identify the “non-acceptable” risks in terms of damage potential and likelihood of...