SOURCES AND MANAGEMENT OF RISK IN EXTENSIVE LIVESTOCK FARMING IN THE NORTH-WESTERN TRANSVAAL BUSH YELP

A survey involving 93 farmers in the North-Western Transvaal Bushveld reveals sources of and responses to risk in farm production, marketing and financing. Main sources of risk were considered to be variations in livestock production, rainfall and livestock prices, the threat of land reform, and changes in input costs. The most important production responses to risk include low-cost production, choice of production system and changing livestock numbers. Acceptance of the floor price scheme was regarded as the most important marketing response to risk, while financial record keeping, debt management and maintaining credit reserves were considered the major financial responses to risk. The results could assist policy makers, lenders, extension officers and consultants in designing appropriate risk management programmes and strategies for farmers in the study area.


Other Titles:
Bronne en bestuur van risiko in ekstensiewe veeboerdery in die Noordwes- Transvaalse Bosveld.
Issue Date:
1993-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/267599
ISSN:
0303-1853
Language:
English
Published in:
Agrekon, Volume 32, Issue 4
Page range:
196-200




 Record created 2018-02-01, last modified 2018-04-02

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