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.

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 INFORMATION SYSTEM USAGE AND RISK MANAGEMENT AMONG ARABLE CROP FARMERS IN KWARA STATE, NIGERIA

2020 ◽  
Vol 53 (1) ◽  
pp. 94-104
Author(s):  
O.A. OMOTESHO ◽  
I.L. OLAGHERE ◽  
F.S. DARAMOLA ◽  
A.H. ADENUGA
Keyword(s):  
Risk Management ◽  
Information Systems ◽  
Multinomial Logistic Regression ◽  
Management Strategies ◽  
Household Head ◽  
Primary Data ◽  
Extension Agents ◽  
Sources Of Information ◽  
Bivariate Correlation ◽  
Risk Management Strategies

Farmers need to be adequately informed in employing economic strategies to tackle risk situations in agriculture. This study sought to examine the risk management coping strategy employed by the farmers, explore determinants of risk management strategies, and to establish the relationship between information systems and risk management strategy employed. Primary data were used from 141 randomly selected farmers. Pre-tested interview schedule was used for data collection. Descriptive statistics, Likert-type scale, Multinomial logistic regression, and Bivariate correlation analysis were used for data analyses. The results revealed that the majority of the farmers were risk-averse. Gender of household head, the highest level of education attained, household size, farming experience and membership of association had a significant effect on the choice of coping strategies employed by the farmers. Correlation results showed that the more access to information the farmers had to the different risks they encountered, the higher the management strategies they were likely to use. The study concludes that there is a significant relationship between information systems and risk management strategies employed. It was recommended that extension agents should be adequately sensitized on the various sources of information systems available to the farmers so that they can, in turn, pass the information to the farmers.

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 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 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 Perceptions of risk and risk management strategies in family agroindustries

2017 ◽  
Vol 12 (22) ◽  
pp. 1881-1888 ◽  
Author(s):  
Armando Dessimon Machado João ◽  
Rogério Foguesatto Cristian
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Perceptions Of Risk ◽  
Risk Management Strategies

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.

scholarly journals INFORMATION SYSTEM USAGE AND RISK MANAGEMENT AMONG ARABLE CROP FARMERS IN KWARA STATE, NIGERIA

2020 ◽  
pp. 94-104
Author(s):  
O A OMOTESHO ◽  
I L OLAGHERE ◽  
F S DORAMOLA ◽  
A H ADENUGA
Keyword(s):  
Risk Management ◽  
Information Systems ◽  
Multinomial Logistic Regression ◽  
Management Strategies ◽  
Household Head ◽  
Primary Data ◽  
Extension Agents ◽  
Sources Of Information ◽  
Bivariate Correlation ◽  
Risk Management Strategies

Farmers need to be adequately informed in employing economic strategies to tackle risk situations in agriculture. This study sought to examine the risk management coping strategy employed by the farmers, explore determinants of risk management strategies, and to establish the relationship between information systems and risk management strategy employed. Primary data were used from 141 randomly selected farmers. Pre-tested interview schedule was used for data collection. Descriptive statistics, Likert-type scale, Multinomial logistic regression, and Bivariate correlation analysis were used for data analyses. The results revealed that the majority of the farmers were risk averse. Gender of household head, the highest level of education attained, household size, farming experience and membership of association had a significant effect on the choice of coping strategies employed by the farmers. Correlation results showed that the more access to information the farmers had to the different risks they encountered, the higher the management strategies they were likely to use. The study concludes that there is a significant relationship between information systems and risk management strategies employed. It was recommended that extension agents should be adequately sensitized on the various sources of information systems available to the farmers so that they can, in turn, pass the information to the farmers.

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