Coping with Risk in Agriculture, 3rd Edition PDF Download

Author: J Brian Hardaker
Publisher: CABI
ISBN: 1780645740
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.

Author: J. B. Hardaker
Publisher:
ISBN: 9781780642413
Category : Farm management
Languages : en
Pages : 276

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Book Description
Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this.

Author: J. B. Hardaker
Publisher: Cabi
ISBN: 9780851998312
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
The purpose of the first edition of the book, published in 1997, was to contribute to improved agricultural decision making by explaining what can be done in risk analysis and management. Since 1997 progress has been made in risk analysis in agriculture. The material covered in this second edition has been restructured and most of the 1997 text has been revised. Topics that are more thoroughly dealt with in this edition include: assessing and quantifying the degree of risk aversion of a decision maker; judging how important risk aversion is likely to be in particular circumstances; an improved approach for partially ordering risky stochastic distributions when the decision maker's attitude to risk is not fully known; stochastic simulation and its combination with optimization for the analysis of risky choice; and risk considerations in agricultural policy making. The book is written for advanced undergraduate and postgraduate students of agricultural economics and farm management, as well as advisers to farmers and agricultural research workers. It has 13 chapters and a subject index.

Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 0

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Book Description

Author:
Publisher:
ISBN:
Category : Agricultural diversification
Languages : en
Pages : 136

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Book Description

Author: Laxmi Dalvi
Publisher:
ISBN: 9781681170541
Category : Farm management
Languages : en
Pages : 0

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Book Description
Farmers in developing countries are frequently exposed to the uncertainties of weather, prices and disease. Many farmers live on the edge of extreme uncertainty, sometimes falling just below, and sometimes rising just above the threshold of survival. Farmers do not know whether rainfall will be good or bad over a season; they do not know the prices they will receive for produce sold; and they do not know whether their crops will be infected by disease. These risks are not under the control of farmers but some farmers have developed ways of coping and managing them. Farmers make decisions every day that affect farming operations. Many of the factors that affect the decisions they make cannot be predicted with complete accuracy; this is risk. Farming has become increasingly risky as farmers become more commercial. Farmers need to understand risk and have risk management skills to better anticipate problems and reduce consequences.

Author: Ashok K. Mishra
Publisher: CABI
ISBN: 1800622260
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agriculture. The book includes chapters on three themes: understanding risk attitudes and preferences; using experimental economics to measure risk, preferences, and risk management strategies; and understanding climate change, risk, and risk management. The book critically examines the currently held beliefs about risk preference, attitudes, and empirical estimation of risk management strategies, emphasizing developing and emerging economies (DEE). This book is ideal for students and researchers in universities and research organizations who conduct applied research on public policy, community development, and rural development, and will also be of interest to policy-makers in those fields.

Author: Dana L. Hoag
Publisher: CRC Press
ISBN: 1439882460
Category : Science
Languages : en
Pages : 419

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Book Description
Defining the fundamentals of building a risk management plan, Applied Risk Management in Agriculture uses strategic management to organize the process of risk management. A time-tested procedure inside and outside the business community, this technique provides an ideal platform for organizing risk.Making complex principles easily accessible to stu

Author: Roman Marco Hohl
Publisher: John Wiley & Sons
ISBN: 1119345634
Category : Business & Economics
Languages : en
Pages : 440

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Book Description
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.

Author: Peter L Nuthall
Publisher: CABI
ISBN: 1780646569
Category : Technology & Engineering
Languages : en
Pages : 374

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Book Description
Farming is a complex job with many unique challenges, but can also be a rich and rewarding career that is full of opportunities. Following the author's Farm Business Management series, this new textbook takes the core principles and techniques and distils them into an accessible student resource. Written by an expert with decades of teaching and research experience around the world, this book also incorporates two brand new chapters on farm accounting and computer systems and software. Providing a hands-on learning experience for students of agriculture, it will continue to be a much-used resource throughout their farming career.