Coping with Risk in Agriculture - Softcover

Huirne, Ruud B. M.

Softcover

ISBN 10: 085199119X ISBN 13: 9780851991191

Publisher: CABI Publishing, 1997

Synopsis

Risk and uncertainty are inescapable factors in agriculture. Farmers face production risk, from the weather, crop and livestock performance, and pests and diseases, as well as government-controlled institutional risk, and personal or human risk. Together with price or market risks, these constitute business risk which is further related to financial risk. All of these factors must be managed to achieve satisfactory management in agriculture. The aim of this book is to introduce the nature of agricultural decision making under uncertainty, the concept of rational choice and its foundations in theories of probability and risk preference. It also describes methods for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management.

About this title

Review

Reviews from the first edition: "There is no doubt that this textbook is viewed as a sound guide on managing risk in agriculture. It will certainly remain a leading textbook in farm management."

"An ambitious, comprehensive compendium of modern methods and techniques."

I really enjoyed ready this book. I can recommend it without hesitation as a basic text. "

This is a very useful text which should be on the shelf of anyone interested in the analysis of decisions at the farm level. "

Synopsis

Risk and uncertainty are inescapable factors in agriculture. Farmers face production risk, from weather, crop and livestock performance, and pests and diseases, as well as government-controlled institutional risk, and personal or human risk, these constitute business risk which is further related to financial risk. All of these factors must be managed to achieve satisfactory management in agriculture. The aim of this book is to introduce the nature of agricultural decision making under uncertainty, the concept of rational choice and its foundations for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management. Including numerous practical examples, the book is aimed at senior undergraduate or graduate students of agricultural economics and farm business, as well as advisers to farmers.

Edition details

• Publisher: CABI Publishing
• Publication date: 1997
• Language: English
• ISBN 10: 085199119X
• ISBN 13: 9780851991191
• Binding: Paperback
• Number of pages: 288
• Editor: Hardaker J. Brian, Anderson Jock R.