000058711 001__ 58711
000058711 005__ 20180122212258.0
000058711 0247_ $$2Other$$aISBN 978-3-941766-00-6
000058711 037__ $$a1017-2016-81627
000058711 041__ $$aen
000058711 245__ $$aMilk Farmers' Risk Attitudes: Influence of the Dairy Processing Company
000058711 260__ $$c2009-10
000058711 269__ $$a2009-10
000058711 270__ $$mgbelhenniche@esitpa.org$$pBelhenniche,   Geoffroy
000058711 270__ $$mtreguer@agrocampus-ouest.fr$$pDuvaleix-Treguer,   Sabine
000058711 270__ $$mcordier@agrocampus-ouest.fr$$pCordier,   Jean
000058711 300__ $$a11
000058711 336__ $$aConference Paper/ Presentation
000058711 520__ $$aEuropean market deregulation is destabilizing the economic environment of French farmers
leading to an increase in market risks. In the dairy sector, the 2003 CAP reform has lead to major
changes (removal of export subsidies and increase in the European milk quota). The dairy supply
chain is now coping with higher production and price risks. The dairy supply chain is
thinking of new management tools in order to both maintain stability in dairy farm income and
secure supply to industrial facilities. One solution may be to strengthen marketing contracts. In
this perspective, the knowledge of dairy farmers' risk attitudes is necessary.
The goal of this paper is to provide empirical insight into: dairy farmers‘ perceptions of risk and
risk management, and the influence of the relationship between farmers and their dairy processing
firm on these risk perceptions. Data originate from a sample of eighty livestock farmers in
Normandy, one of the three biggest French milk production areas. The survey was carried out
during a face-to-face interview in summer 2008. The questionnaire survey focuses on risk
perception and strategies used to manage the risk, by asking the farmers to score risks sources
and strategies on Likert-scales as in Bard and Barry (2000), and Meuwissen et al. (2001) and on
the elicitation of dairy farmers‘ risk preferences using Pennings and Garcia‘s methodology
(2001).
As in previous studies (Gunjal and Legault, 1995; Meuwissen et al., 2001; Flaten et al., 2005;
Fausti and Gillespie, 2006) we show existence of a diversified spectrum of risk preferences and
rank risk sources. Institutional risk and price volatility of inputs and outputs are perceived as the
main threat on farm income. However, our main contribution is to examine the influence of dairy
processors on farmers‘ preferences and the study attempt to establish a link between the type
of contractors (eg. private vs. cooperative) and farm managers‘ risk aversion.
000058711 542__ $$fLicense granted by Ursula Rickert (ulb20a@uni-bonn.de) on 2010-03-03T13:31:59Z (GMT):

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000058711 650__ $$aAgribusiness
000058711 650__ $$aAgricultural and Food Policy
000058711 650__ $$aFarm Management
000058711 650__ $$aFood Consumption/Nutrition/Food Safety
000058711 650__ $$aFood Security and Poverty
000058711 650__ $$aRisk and Uncertainty
000058711 6531_ $$aMarket Risk
000058711 6531_ $$aFarmers' risk perceptions
000058711 6531_ $$aExpected utility framework
000058711 6531_ $$aRisk preference elicitation
000058711 6531_ $$aDairy Sector
000058711 700__ $$aBelhenniche, Geoffroy
000058711 700__ $$aDuvaleix-Treguer, Sabine
000058711 700__ $$aCordier, Jean
000058711 773__ $$o123$$q113
000058711 8564_ $$s206907$$uhttp://ageconsearch.umn.edu/record/58711/files/Belhenniche1.pdf
000058711 887__ $$ahttp://purl.umn.edu/58711
000058711 909CO $$ooai:ageconsearch.umn.edu:58711$$pGLOBAL_SET
000058711 912__ $$nSubmitted by Ursula Rickert (ulb20a@uni-bonn.de) on 2010-03-03T13:56:27Z
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  Previous issue date: 2009-10
000058711 982__ $$gInternational European Forum on System Dynamics and Innovation in Food Networks>2009 International European Forum, February 15-20, 2009, Innsbruck-Igls, Austria
000058711 980__ $$a1017