RISK AND RISK MANAGEMENT IN PLANT PRODUCTION

Investigations were carried out to study how plant production enterprises operating in the West-Transdanubian region of Hungary relate to risk management; how they view, in terms of risk factors, the production, market, financial, technological, legal and human elements affecting production. Research also covered which risk management methods are applied by the plant producers to reduce the negative impact of uncertainty factors. On the basis of the summarised results, farmers indicated the following as significant sources of risk: the price fluctuation of main produce, the late payment of agricultural support, the uncertainty of agricultural policy, and changes in resource prices. The primary method of risk management is to spread the risk, “standing on several feet” (production of different crops, having other income sources besides plant production), but farmers also emphasised the importance of obtaining market information.


Issue Date:
2006
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0046-5518 (Other)
PURL Identifier:
http://purl.umn.edu/141150
Published in:
GAZDÁLKODÁS: Scientific Journal on Agricultural Economics, Volume 50, Special Issue Number 17
Page range:
47-53
Total Pages:
7
Series Statement:
50.
17. Spec. Issue




 Record created 2017-04-01, last modified 2017-08-26

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