Agricultural risks and analysis of thier evaluation methods
Article analysis kinds of risks that make impact to agricultural business and main factors causing them. There are five kinds of risks that affect agriculture business: credit, political, economic, human and production. The article also analysis linkages and interactions between risk factors.
In this case risk is anlyzed in the context of agriculture. Industry of agriculture is more risky then some other branch because it is closely related with natural elements of life and depends on climate changes.
This article also provides quantitative and qualitative methods of risk assessment analysis. Study of risk assessment methods were identified by their strengths, weaknesses and future opportunities. Risk evaluation is very important for agriculture business. Risk assessment helps to improve decision-making efficiency, increase profitability. Risk assessment and it’s proper interpretation helps to achieve desired results and minimize possibility of failure.
JEL codes: Q190, B490, M290.
Article in: English
Published on-line: 2011-06-21
Keyword(s): agriculture risks, risk factors, risk evaluation methods.
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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355
This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.