Risk Management Strategies Adopted by Small-Scale Vegetable Farmers in Thaba Chweu Local Municipality, Mpumalanga Province, South Africa

2020 ◽  
Vol 55 (1) ◽  
Author(s):  
Jenny Mokhaukhau
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Weather Conditions ◽  
Small Scale ◽  
Snowball Sampling ◽  
Forward Contracts ◽  
Vegetable Farmers ◽  
Risk Management Strategies ◽  
Local Municipality ◽  
Sampling Procedures

Agriculture is one of the sectors considered to be an extremely risky business. This has led to many farmers adopting different risk management strategies in order to deal with the prevailing risks. The objectives of the study were to identify the types of risk and risk management strategies; and to determine the level of risk management strategies adopted by small-scale vegetable farmers in Thaba Chweu Local Municipality. Descriptive statistics and the adoption index were employed to address these objectives. Purposive and snowball sampling procedures were used to select 40 small-scale vegetable farmers in Thaba Chweu Local Municipality. The study identified pest attacks and unfavorable weather conditions as the major risks faced by small scale vegetable farmers in the study area. Furthermore, the study revealed that majority of these farmers use pesticides, forward contracts and crop rotation as the risk management strategies.

scholarly journals Water quality risk management strategies for remote operations

2017 ◽  
Vol 18 (2) ◽  
pp. 482-489
Author(s):  
K. Northcott ◽  
S. Bartlett ◽  
D. Sheehan ◽  
I. Snape ◽  
P. Scales ◽  
...  
Keyword(s):  
Water Quality ◽  
Risk Management ◽  
Management Strategies ◽  
Plant Performance ◽  
Small Scale ◽  
Water Recycling ◽  
Recycled Water ◽  
Remote Communities ◽  
Australian Water ◽  
Risk Management Strategies

Abstract The delivery of treatment and supply solutions for the management of water infrastructure for small and remote communities presents unique challenges. The identification of water quality hazards, the management of risks and conducting plant performance validation and verification activities can all be problematic. The ‘Demonstration of Robust Water Recycling’ (Robust Recycling) Project was funded by the Australian Water Recycling Centre of Excellence (AWRCoE) and the Australian Antarctic Division (AAD) as a means of developing strategies for the provision of small scale water treatment schemes from non-traditional water sources. Using the example of the AAD's Davis Station, this project featured an alternative approach to the establishment of a risk management framework for water recycling. This approach may be applicable to both drinking and recycled water schemes in other small and remote communities.

scholarly journals Risk management strategies on small-scale commercial farms in three zobatat of Eritrea

2014 ◽  
Vol 9 (4) ◽  
pp. 521-536 ◽  
Author(s):  
MA Mohammed ◽  
GF Ortmann ◽  
SR Ferrer
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Geographical Location ◽  
Small Scale ◽  
Sources Of Information ◽  
Perceptions Of Risk ◽  
Farm Diversification ◽  
Farm Type ◽  
Risk Management Strategies ◽  
Commercial Farms

In this study the perceptions of small-scale commercial farmers in Eritrea of the importance of various risk responses are ascertained and analysed to gain insight into their risk-management strategies.  Data were elicited through a survey of 186 small-scale commercial farmers conducted in three zobatat (regions) of Eritrea. Factor Analysis is used to investigate heterogeneity in sample farmers’ responses.  Results indicate that relatively more important risk responses include the use of internal and external sources of information, on-farm and off-farm diversification, choice of production system and product marketing arrangements. Farmers’ perceptions of risk responses vary according to farm type, geographical location, farm and farmer characteristics, as well as the existence of enterprise specific risk responses (e.g. livestock insurance) and differences in the marketing regulations of various agricultural products.

scholarly journals RISK MANAGEMENT STRATEGIES AND PERFORMANCE OF SMALL SCALE AGRIBUSINESS FIRMS IN KIAMBU COUNTY

2017 ◽  
Vol 1 (1) ◽  
pp. 85
Author(s):  
Samson Ondiek ◽  
Dr Stephen Muathe
Keyword(s):  
Risk Management ◽  
Management Strategy ◽  
Financial Risk ◽  
Management Strategies ◽  
Primary Data ◽  
Small Scale ◽  
Risk Management Strategy ◽  
Inferential Statistics ◽  
Risk Management Strategies ◽  
And Performance

Purpose: This study sought to establish the risk management strategies and performance of small agribusiness firms in Kiambu County.Methodology: The study employed descriptive research design. The population of the study was 11,120 small agribusinesses businesses (SME) in Kiambu County. The selection was done in random manner ensuring that all types of firms are considered. This was achieved through stratified random sampling. Data of the list of firms and type was obtained from the County office in-charge of industrialization. The study used both primary data. Primary data was gathered by use of closed ended questionnaires, which was self-administered. A multiple linear regression model was used to test the significance of the influence of the independent variables on the dependent variable. Data was analyzed mainly by use of descriptive and inferential statistics. SPSS was used to produce the descriptive and inferential statistics. Descriptive statistics included mean, and standard deviation. Inferential statistical techniques included correlation and regression analysis.Results: The study findings indicated that financial risk management strategy, operational risk management strategy, human resource risk management strategy, regulatory risk management strategy and disaster risk management strategy affected organizational performance. The study indicated that keeping previous record enables to forecast future risks, financial distress affects performance, keeping informed of various risks reduces the risk of poor performance and that having contingent measures to reduce financial risks improves the organizational performance.Unique contribution to theory, practice and policy: The study recommends that it is important for a company to reduce the volatility of earnings or cash flows due to financial risk exposure as the reduction enables the firm to perform better forecasts.

scholarly journals WHERE DO RISKS IN SHRIMP FARMING COME FROM? EMPIRICAL RESULTS FROM SMALL FARMERS IN EAST JAVA, INDONESIA

2018 ◽  
Vol 47 (1) ◽  
pp. 39-47 ◽  
Author(s):  
Riski A. Lestariadi ◽  
Masahiro Yamao ◽  
Masahiro Yamao
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Government Support ◽  
Shrimp Farming ◽  
Small Scale ◽  
Credit Access ◽  
Income Sources ◽  
Technology Improvement ◽  
Risk Management Strategies ◽  
Risk Sources

This study was conducted to explore small-scaleshrimp farmers’ perception of risk and risk management. Thedata used originated from a field survey in the southern andnorthern coasts of East Java, Indonesia. According to the results,there are 32 risk sources, including shrimp price volatilityand high mortality due to shrimp diseases as the mostimportant ones. The exploratory factor analysis showed thatthe risks in small-scale shrimp farming derived from 8 factors:input and pond preparation; finance and credit access; production;personal aspects; harvesting and marketing; weather andenvironment; policy and institutional aspects; and businessenvironment. The results also revealed that the shrimp farmers’perception of risk could significantly influence their riskmanagement behavior. Furthermore, nine factors were identifiedfor risk management strategies, including disease prevention;education and technology improvement; productioninputs; farm management; government support; risk sharingand insurance; financial aspects; household adjustment; andalternative income sources.

The management of risk in a dryland environment

2011 ◽  
pp. 13-21
Author(s):  
D.I. Gray ◽  
J.I. Reid ◽  
D.J. Horne
Keyword(s):  
Risk Management ◽  
Service Providers ◽  
Management Strategies ◽  
Subterranean Clover ◽  
Farming Systems ◽  
Market Risk ◽  
Farm Size ◽  
Forage Crops ◽  
Risk Management Strategies ◽  
Upside Risk

A group of 24 Hawke's Bay hill country farmers are working with service providers to improve the resilience of their farming systems. An important step in the process was to undertake an inventory of their risk management strategies. Farmers were interviewed about their farming systems and risk management strategies and the data was analysed using descriptive statistics. There was considerable variation in the strategies adopted by the farmers to cope with a dryland environment. Importantly, these strategies had to cope with three types of drought and also upside risk (better than expected conditions), and so flexibility was critical. Infra-structure was important in managing a dryland environment. Farmers chose between increased scale (increasing farm size) and geographic dispersion (owning a second property in another location) through to intensification (investing in subdivision, drainage, capital fertiliser, new pasture species). The study identified that there may be scope for further investment in infra-structural elements such as drainage, deeper rooting alternative pasture species and water harvesting, along with improved management of subterranean clover to improve flexibility. Many of the farmers used forage crops and idling capacity (reduced stocking rate) to improve flexibility; others argued that maintaining pasture quality and managing upside risk was a better strategy in a dryland environment. Supplementary feed was an important strategy for some farmers, but its use was limited by contour and machinery constraints. A surprisingly large proportion of farmers run breeding cows, a policy that is much less flexible than trading stock. However, several farmers had improved their flexibility by running a high proportion of trading cattle and buffer mobs of ewe hoggets and trade lambs. To manage market risk, the majority of farmers are selling a large proportion of their lambs prime. Similarly, cattle are either sold prime or store onto the grass market when prices are at a premium. However, market risk associated with the purchase of supplements and grazing was poorly managed.

The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

2002 ◽  
Vol 21 (2) ◽  
pp. 39-56 ◽  
Author(s):  
Jean C. Bedard ◽  
Lynford E. Graham
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Decision Aid ◽  
Decision Aids ◽  
Management Strategies ◽  
Risk Identification ◽  
Matched Pair ◽  
Audit Planning ◽  
Audit Firms ◽  
Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

scholarly journals Evaluation of Physical Risk during Necropsy and Morgue Activities as Risk Management Strategy

2021 ◽  
Vol 18 (16) ◽  
pp. 8266
Author(s):  
Zoe Del Fante ◽  
Nicola Di Fazio ◽  
Adriano Papale ◽  
Paola Tomao ◽  
Fabio Del Duca ◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Management Strategies ◽  
Risk Management Strategy ◽  
Work Related ◽  
Activity Measurements ◽  
Risk Management Strategies ◽  
Physical Risk ◽  
Critical Issues ◽  
Load Handling

Physical risk assessments allow us to understand work-related critical issues, thus representing a useful tool in risk management strategies. In particular, our study focuses on the identification of already known and emerging physical risks related to necropsy and morgue activities, as well as crime scene investigations. The aim of our study is, therefore, to identify objective elements in order to quantify exposure to such risk factors among healthcare professionals and working personnel. For the research of potentially at-risk activities, data from the Morgue of Policlinico Umberto I Hospital in Rome were used. The scientific literature has been reviewed in order to assess the risks associated with morgue activity. Measurements were performed on previously scheduled days, in collaboration with the activities of different research units. The identified areas of risk were: microclimate; exposure to noise and vibrations; postural and biomechanical aspects of necropsy activities. The obtained results make it possible to detect interindividual variability in exposure to many of the aforementioned risk factors. In particular, the assessment of microclimate did not show significant results. On the contrary, exposure to vibrations and biomechanical aspects of load handling have shown potential risk profiles. For this reason, both profiles have been identified as possible action targets for risk management strategies.

Perceived Risk and Risk Management Strategies in Pond Aquaculture

2021 ◽  
Vol 36 (1) ◽  
pp. 43-69
Author(s):  
Md Takibur Rahman ◽  
Rasmus Nielsen ◽  
Md Akhtaruzzaman Khan ◽  
Dewan Ahsan
Keyword(s):  
Risk Management ◽  
Perceived Risk ◽  
Management Strategies ◽  
Pond Aquaculture ◽  
Risk Management Strategies
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