Coping with risk in agriculture
Author(s)
Bibliographic Information
Coping with risk in agriculture
CABI Publishing, 1998
Repr. with corrections
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
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.
Table of Contents
1: Introduction to risk in agriculture 2: An outline of decision analysis 3: Measuring uncertainty with subjective probabilities 4: Making better probability judgements 5: Attitudes to risky consequences 6: Integrating beliefs and preferences for decision analysis 7: Decision analysis with preferences unknown 8: Decision analysis with multiple objectives 9: Accounting for risk in programming models for whole-farm planning 10: Risky farm decision making and time 11: Strategies farmers can use to manage risk 12: Risk considerations in agricultural policy making and planning
by "Nielsen BookData"