Landowners' Perception of Risk Sources and Risk Management Strategies in Norwegian Salmon Angling Tourism

2013 ◽  
Vol 13 (3) ◽  
pp. 208-227 ◽  
Author(s):  
Stian Stensland
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Perception Of Risk ◽  
Risk Management Strategies ◽  
Risk Sources

scholarly journals Risk perception and risk management strategies on New Zealand dairy farms according to ownership structure and geographic location

2005 ◽  
pp. 97-102
Author(s):  
R. Pinochet-Chateau ◽  
N.M. Shadbolt ◽  
C.W. Holmes ◽  
N. Lopez-Villalobos
Keyword(s):  
Risk Management ◽  
New Zealand ◽  
Risk Perception ◽  
Ownership Structure ◽  
Management Strategies ◽  
Geographic Location ◽  
Perception Of Risk ◽  
Dairy Farmers ◽  
Risk Management Strategies ◽  
Risk Sources

New Zealand has had many changes in the dairy industry during the last twenty years. As NZ dairy farming has particular characteristics (e.g. differing ownership structures, geographic areas) risk perception and management strategies may differ significantly between them. No studies have been undertaken regarding the differences in perception of risk and risk management strategies used by different gr oups of dairy farmer s. A survey of 1000 NZ dairy farmers was conducted in 2004 and further analysed to address this need. In the survey the dairy farmers were asked to assess their perception of risk sources and the importance they attached to risk management strategies. Using a 1 to 5 scale, mean scores of both risk sources and management strategies were compared (Z-test) by ownership structure and geographic location. The differences in the perception of risk between sharemilkers and owner-operators were mainly in the sources categorised as "market" and "human". "Changes in land prices" was highly important for sharemilkers. Differences of risk management strategies were noted in the "financial" and "production" categories. The main sources of risk perceived differently by farmers in the North and South Islands were in the production side of the business. Although farmer s from both islands were similarly focused on controlling risk through production management strategies, those from the South Island were keener to use financial responses. In conclusion, sharemilkers were more concerned with the changes of prices of both inputs and outputs than owner-operators. Sharemilkers were more production-orientated to manage risk than farm owners, and they also were more focused on off-farm income and debt management. Differences in both the risk perception and the risk management strategies used in each island are related to differences in farm sizes and the developmental stage of the dairy sector in each island. Keywords: risk perception, risk management strategies, sharemilkers

scholarly journals Perceptions of wheat producers towards risk and risk management strategies: A case study from Turkey

2019 ◽  
Vol 49 (12) ◽  
Author(s):  
Seyit Hayran
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Policy Instruments ◽  
Data Set ◽  
Wheat Market ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government ◽  
The Impact

ABSTRACT: In this study, risk perception of wheat producers in Turkey was examined based on a case study conducted in Bitlis Province. The data set used in the study was obtained from 157 farmers randomly. Factor analysis was employed to classify risk sources and management strategies, and then multiple regression was used to investigate the relationship between farmers perceptions and some characteristic. Results of this study have shown that economic-based risks were perceived more strongly by farmers. Farmers’ also used more than one risk management strategy to minimize the impact of the risks they face. So, in order to ensure social and economic sustainability and predictability in wheat production and wheat market, the government should be considered preventive policy instruments and interventions to prevent fluctuations in input and output prices.

scholarly journals Risk Management Strategies to Cope Catastrophic Risks in Agriculture: The Case of Contract Farming, Diversification and Precautionary Savings

Agriculture ◽  
2020 ◽  
Vol 10 (8) ◽  
pp. 351
Author(s):  
K M Mehedi Adnan ◽  
Liu Ying ◽  
Zeraibi Ayoub ◽  
Swati Anindita Sarker ◽  
Rashid Menhas ◽  
...  
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Probit Model ◽  
Management Tool ◽  
Precautionary Savings ◽  
Contract Farming ◽  
Research Results ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
Catastrophic Risks

Risk management is an essential way for farmers to reduce uncertainty. In this research, a stratified random sampling method was used to survey 350 maize farmers in four different agro-ecological regions in Bangladesh. Using the multivariate probit model, this study explored the possible correlation between farmers’ perceptions of catastrophic risks and their attitudes towards risk sources—as well as the possible correlation between contract farming, diversification and precautionary savings as risk management strategies. The results confirm the relevance of risk management adoption decisions and reveal that the use of one risk management tool may simultaneously influence the use of another risk management tool. In addition, the research results also show that age, education level, extension experience, monthly household income, farming areas, land ownership and risk aversion nature are the most important factors that affect the adoption of risk management strategies. The research results provide further explanation and information and provide a platform for decision-makers to predict appropriate risk management strategies.

scholarly journals Risk and risk management strategies of smallholder onion farmers in Sokoto state, Nigeria

2018 ◽  
Vol 111 (3) ◽  
pp. 559
Author(s):  
Oyeyode Tohib OBALOLA ◽  
Opeyemi Eyitayo AYINDE
Keyword(s):  
Risk Management ◽  
Absolute Risk ◽  
Management Strategies ◽  
Analytical Techniques ◽  
Primary Data ◽  
Risk Averse ◽  
Education Experience ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
Structured Questionnaire

The study examines risk and its management strategies among smallholder onion farmers in Sokoto State. Data were collected with the use of structured questionnaire designed to pull together information on the socioeconomic characteristics of the farmers in the area such as age, level of education, experience, family size, membership of farmer association, extension contact, risk preference of the farmers etc. Data was also collected on risk sources and risk management strategies.  The primary data used were obtained from structured questionnaire administered to 120 randomly selected farmers. The analytical techniques that were used in the analysis of data were descriptive statistical tools such as means and percentages, Equally Likely Certainty Equivalent with a Purely Hypothetical Risky prospect (ELCEPH) technique and the 5-point Likert scale. The result showed that majority of the farmers are risk averse having a positive Arrow-Pratt absolute risk aversion coefficient.

scholarly journals Perception and risk management strategies for ranchers and their determinants: a case study from Turkey

2021 ◽  
Vol 51 (6) ◽  
Author(s):  
Seyit Hayran ◽  
Murak Külekçi ◽  
Aykut Gül
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Farm Income ◽  
Least Squares Regression ◽  
Data Set ◽  
Income Uncertainty ◽  
Perceptions Of Risk ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government

ABSTRACT: In this study, beef cattle farmers’ perceptions of risk and risk management strategies, and their determinants were analyzed using factor analysis and partial least squares regression analysis. The data set used in this study came from a survey conducted in Erzurum Province. The results demonstrated that variability in fodder price, insufficient farm income, uncertainty in government policies were perceived as the most important risks. Clean cattle shelter, off-farm income, monitoring and preventing livestock diseases were perceived as the most important risk management strategies. Results, also, demonstrated that some characteristics of farmers affected farmers’ perceptions. In this study, it was identified that the most important risk sources were economics-based. So, it was recommended that the government policy should be focused on preventing the fluctuations in input/output prices.

scholarly journals Risk Mitigation Analysis in a Supply Chain of Coffee Using House of Risk Method

2021 ◽  
Vol 10 (2) ◽  
pp. 111-124
Author(s):  
Bambang Herry Purnomo ◽  
◽  
Bertung Suryadharma ◽  
Ridha Ghaniy Al-hakim ◽  
◽  
...  
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Risk Mitigation ◽  
Management Strategies ◽  
Management Approach ◽  
Coffee Beans ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
Two Phases ◽  
Ground Coffee

Perusahaan Daerah Perkebeunan (PDP) Kahyangan Jember in East Java is a regional company owned by The Jember Regency Government that is engaged in the plantation business. PDP Kahyangan Jember implements supply chain management in its business, however there are still some problems in its implementation and management. Some of the issues are the quantity of ground coffee production that does not meet the targeted quantity, decreased coffee beans quality, and reduced coffee yields. These problems can be reduced using a risk management approach. This study aimed to identify the activities of the ground coffee supply chain in PDP Kahyangan Jember and its risks, to determine the level of the risks, and to develop a risk management strategy for PDP Kahyangan Jember ground coffee supply chain. This study used the House of Risk (HOR) method which consists of two phases, i.e. HOR 1 and HOR 2. HOR 1 is used to identify risks in the supply chain. HOR 2 is used to develop a strategy for handling these risks. The HOR 1 analysis results show there are 28 risk events and 33 risk sources, with 15 priority risk sources being considered in the risk management strategies preparation. The results of HOR 2 analysis show eight priority management strategies that can be implemented by PDP Kahyangan Jember.

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