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Managing Risk in Agriculture

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Publication date
14/07/2010
Number of Pages
30
Language:
English
Type of Publication:
Working Papers & Briefs
Focus Region:
Global
Focus Topic:
Agricultural Value Chains / Agri-Businesses
Type of Risk:
Biological & environmental
Market-related
Weather & Climate related
Policy & institutional
Commodity:
Crops
Author
George F. Patrick
Organization
Purdue University

This publication is designed to help farmers develop their own integrated risk management strategies, ones appropriate to their own attitudes and circumstances. First, the publication reviews factors affecting decision making in a risky environment. Then it discusses sources of risk, producers’ views of variability, and information to improve decision making. Third, it outlines risk management strategies available to producers. The publication concludes with a brief discussion of development of an overall risk management strategy.