Climate-Based Agricultural Risk Management Tools for Florida, Georgia and Alabama, USA

AGRICULTURE SECTOR RISK MANAGEMENT / ŽEMĖS ŪKIO SEKTORIAUS RIZIKOS VALDYMAS

Mokslas - Lietuvos ateitis ◽

10.3846/mla.2016.901 ◽

2016 ◽

Vol 8 (2) ◽

pp. 200-211 ◽

Cited By ~ 1

Author(s):

Viktorija Stasytytė ◽

Viktorija Dužinskytė

Keyword(s):

Risk Management ◽

Agricultural Risk ◽

Management Tools ◽

Agriculture Sector ◽

Advantages And Disadvantages ◽

Agricultural Risk Management

Agriculture sector is characterized by a particular specificity that is not considered in other fields and because of that agriculture sector is defined as highly risky sector. Response to risk is still very im-portant and responsible activity in this field. According to this, the process and applied strategies of risk management make and ensure that the sector activity and operations are more stable and effective. The aim of the article reflects the need to distinguish the most appropriate agricultural risk management tools in order to manage agricultural risks as effectively as possible. In the article the agricultural risk management tools are distinguished and after that the advantages and disadvantages of it are presented and the possibilities of mentioned tools are analyzed. Using agricultural risk management tools, the important interactions between agri-cultural risks and risks management instruments are discovered. The aim of the article is reflected by studied conception of risk and agricultural risk types, explored risks sources and specificity of agriculture sector. Žemės ūkio sektorius išsiskiria iš kitų sričių tam tikrais požymiais, dėl kurių yra laikomas padidintos rizikos sritimi. Atsakas į riziką išlieka gana svarbus ir atsakingas veiksmas, užtikrinantis stabilią bei efektyvią sektoriaus veiklą. Straipsnio tikslas – pateikus ir išanalizavus rizikos rūšis, su kuriomis žemės ūkio sektoriuje susiduriama dažniausiai ir kurių įtaka šiam sektoriui yra didžiausia, pateikti galimus rizikos valdymo būdus sektoriaus patiriamoms rizikoms mažinti. Norint pasiekti tikslą, yra analizuojamos žemės ūkio sektoriaus rizikos ir jų rūšys, kilmė, žemės ūkio sektoriaus ypatumai. Darbe yra pristatoma nemažai žemės ūkio sektoriaus rizikų valdymo instrumentų, įvardijami pagrindiniai jų privalumai ir trūkumai.

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Seasonal Climate Forecasts – Potential Agricultural-Risk Management Tools?

Climatic Change ◽

10.1007/s10584-005-9019-9 ◽

2006 ◽

Vol 76 (1-2) ◽

pp. 73-90 ◽

Cited By ~ 51

Author(s):

E. Klopper ◽

C. H. Vogel ◽

W. A. Landman

Keyword(s):

Risk Management ◽

Agricultural Risk ◽

Management Tools ◽

Seasonal Climate ◽

Agricultural Risk Management ◽

Climate Forecasts ◽

Seasonal Climate Forecasts

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THE READINESS OF FARMERS TO CREATE MUTUAL FUNDS FOR AGRICULTURAL RISK MANAGEMENT IN LITHUANIA

Management Theory and Studies for Rural Business and Infrastructure Development ◽

10.15544/mts.2017.31 ◽

2017 ◽

Vol 39 (4) ◽

pp. 442-452

Author(s):

Gediminas Kuliešis ◽

Lina Pareigienė ◽

Erika Ribašauskienė ◽

Cécile Sablou

Keyword(s):

Risk Management ◽

Mutual Funds ◽

Economic Activity ◽

Current Level ◽

Agricultural Activities ◽

Agricultural Risk ◽

Management Tools ◽

Agricultural Risk Management ◽

The Republic ◽

Structured Questionnaire

The agriculture could be characterized as the economic activity which production and economic results are unpredictable and unstable because of climate change, market volatility. Vast and growing risk of farming induces to look after the ways to manage it. European Union, aiming to reduce risks in agricultural activities, proposes to create mutual funds as new measures for farmers not only to protect the production, but the income losses too. Lithuania intends to implement these measures, therefore it is very important not only to analyse the experience of other countries but also to know the opinion of Lithuanian farmers' community. The aim of the research is to examine the attitudes of Lithuanian farmers due to participation in creation of mutual funds. Using the method of force field the semi structured questionnaire was developed, it was sent to 46 leaders of farmer’s organizations affiliated to The Chamber of Agriculture of the Republic of Lithuania, 22 replies were received. The research results confirmed farmers’ attitudes, that the risk management tools, associated with creation of mutual funds are necessary and relevant in Lithuanian case, but their current level of awareness impels uncertainty and unpreparedness.

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