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As per available reports about 27 Open Access Journals, 25 Conferences, 421 open access articles are presently dedicated exclusively to agricultural risk management and about 1182 conference proceedings are being published on agricultural risk management.
Risk is an important aspect of the Agricultural business. The uncertainties of climatic conditions, yields, prices, government policies, global market values, and other allied factors can motivate wide fluctuation in farm earnings. Risk management is associated with choosing among alternatives that reduce the financial effects of such uncertainties.
Five common types of risk are characterized here: production risk, price or market risk, institutional risk, human or personal risk, and financial risk.
1. Production risk derives from the uncertain livestock and natural growth processes of crops, disease, Weather, pests and other allied factors affect both the quantity and quality of commodities produced.
2. Price or market risk refers to uncertainty about the prices producers will receive for commodities or the prices they must compensate for inputs. The quality of price risk varies extremely from commodity to commodity.
3. Financial risk results when the farm business borrows money and creates an obligation to refund liabilities. Growing interest rates, the expectation of loans being alarmed by lenders and limited credit availability are also aspects of financial risk.
4. Institutional risk results from uncertainties surrounding government deal. Tax laws, governance for chemical use, guidelines for animal waste management and the kind of price or income support payments are examples of government decisions that can have a major impact on the farm business.
5. Human or personal risk refers to factors such as problems with human health or personal relationships that can affect the agri-farm business. Illness, Accidents, death and divorce are examples of personal crises that can pressurize a farm business.
OMICS International is an Open Access Publications group which organizes International scientific conferences worldwide. This can be achieved through the support of 700 Open Access Journals, 50000 Editorial team, 1000 more scientific societies 21 Days rapid review process with valuable 3.5 Million readers conducting 300 scientific conferences per year.
In this way OMICS International Conferences are engraved to the marks of success in open access publishing & also in organizing scientific events. The OMICS International event participants are typically high-level decision makers representing various parts of the industry and many participants are repeaters who know each other.
Conferences and Symposiums of OMICS International enlightens your research path by gathering scientific professionals from across the globe to discuss the recent scientific discoveries done followed by the interactive sessions through B2B meetings and scientific partnering. The importance and significance of OMICS International Conferences can be gauged by the fact that it has made huge advancements over the course of time and is continuing to influence various sectors.
Scope and Importance:
Risk management in agriculture is now an essential tool for farmers to anticipate, avoid and react to shocks. An efficient risk management system for agriculture will preserve the standard of living of those who depend on farming, strengthen the viability.
• Government policies should take a holistic approach to risk management, assessing all risks and their relationship to each other, and avoiding focusing on a single source of risk such as prices. Governments can help farmers to assess and manage their own risk by providing information and training.
• Agricultural risk management policies should focus on catastrophic risks that are rare but cause significant damage to many farmers at the same time. Contingency plans should define in advance the procedures, responsibilities and limits of the policy response.
• Subsidized insurance is one way of providing disaster assistance but it tends to crowd out the development of private insurance markets and has not been successful in preventing additional ad hoc assistance being granted after the event.
• Facilitating good “start up” conditions – information, regulation and training – should be the primary role for the government in the development of market-based risk management tools such as futures, insurance and marketing contracts.
• Government policies should not provide support to deal with normal risk. Managing normal risk should be the preserve of farmers themselves. Minimum intervention prices or payments that are triggered when prices or returns are low may even be counter-productive as they tend to induce more risky farming practices of farm businesses, and provide an environment which supports investment in the farming sector.
Risk management should not concentrate on any one risk factor or any one solution. Diversification is nearly always a good strategy to reduce risk, and that also holds for reducing the risk of policy failure. A broad approach is needed that recognizes how different sources of risk, different strategies and different actors, public and private interact. A look at some examples of unsuccessful policy approaches illustrates how governments must recognize the interconnectedness of agricultural risks and focus on a holistic approach to risk management in agriculture. Information is the key to successful risk management.
One of the biggest problems in designing risk management instruments, whether by the private sector or the government, is what economists call information asymmetry. Put simply, farmers have good information about the circumstances of their business and are very well placed to assess risk – but the private sector and governments do not have access to the same level of information. There are incentives for farmers to disclose this information in ways favorable for their tax bill, payments or insurance indemnities. This makes it difficult for a private or government-assisted scheme to make the initial calculation about the type and frequency of risk that can be insured.
Agricultural risks are not independent but linked to one another and are part of a system that includes all available instruments, strategies and policies designed to manage risk. A holistic approach is thus necessary in any analysis. Indeed, analysing only a single risk or policy measure in isolation generally leads to wrong conclusions.
Governments have a role in facilitating the availability of instruments while at the same time enabling farmers to design their own business strategy. It is thus important that risk policies are targeted to well-identified efficiency or equity concerns, avoid displacement of market or on-farm solutions, and take into account all agricultural support policies because most of these have implications for risk management.
1. Plant Science Conference, September 21-23, 2015 San Antonio, USA
June 27-29, 2016 Cape Town, South Africa
4. Euro Biomass Conference, August 01-03, 2016 Birmingham, UK
5. 5th Biodiversity Conference, March 10-12, 2016 Madrid, Spain
6. 2nd Geology Conference, April 21-22, 2016 Dubai, UAE
8. Plant Physiology Conference, June 09-11, 2016 Dallas, USA
10. 6th Biotechnology Conference, October 05-07, 2015 New Delhi, India
11. World Bio Summit, November 02-04, 2015 Dubai, UAE
12. 1st Proximal Sensing Supporting Precision Agriculture Conference, Italy
13. Agricultural Statistics 2015 Conference, Malaysia
14. 5th Organic Agriculture Sciences Conference, Slovakia
15. 7th Crop Science Congress, China
16. 1st Plant Protection Congress 2015, Germany
17. Perennial Biomass Crops for a Resource Constrained World, Germany
18. Agriculture, Ecology and Biological Engineering Conference, Turkey
19. 3rd Sustainable Environment and Agriculture Conference, USA
20. 6th Agriculture and Animal Science Conference, China
21. Sustainable Agriculture Technologies Conference, Thailand
22. 3rd Food and Agricultural Sciences Conference, UAE
American Agricultural Law Association, USA
American Farm Bureau Federation, USA
Ontario Association of Agricultural Societies, Canada
National Association of Wheat Growers, USA
African Rural and Agricultural Credit Association, Africa
American Association of Cereal Chemists, USA
American Poultry Association, USA
American Seed Trade Association, USA
Crop Science Society of America, USA
Western Society of Crop Science, USA
Crop and Weed Science Society, USA
Agriculture & Applied Economics Association, USA
Virginia Soybean Association, USA
American Society of Agricultural and Biological Engineers, USA
The Royal Agricultural Society of England, UK
International Society for Horticultural Science, Belgium
The Horticultural Society of India, India
Ethiopian Horticulture Development Agency, Ethiopia
National Horticultural Society of France, France
Royal New Zealand Institute of Horticulture, New Zealand
Australian Organic Farming and Gardening Society, Australia
Wildflower Society of Western Australia, Australia
American Horticultural Society, USA
Massachusetts Horticultural Society, USA
International Food Policy Research Institute, USA
International Fund for Agriculture Development, Italy
Consortium for International Crop Protection, USA
Asian Association for Agricultural Engineering, China
Tropical Agricultural Association, UK
Canadian Society for Horticultural Science, Canada
Dole Food Company, USA
Mycogen Seeds, USA
Kinze Manufacturing, Inc., USA
Seaboard Corporation, USA
Burpee Seeds, USA
Cavendish Farms, Canada
Chiquita Brands International, USA
ContiGroup Companies, Belgium
Fredericksburg Farmers Cooperative, USA
Riceland Foods, USA
Zeeland Farm Services, USA
Vermeer Company, USA
Agria Corporation, China
AgriSA, South Africa
Alberta Wheat Pool, Canada
Bevo Agro Incorporated, Canada
Ceres Incorporated, Canada
Foundation for Agronomic Research, USA
Heritage Foods, India
MFA Incorporated, USA
Swire Group, UK
The Mosaic Company, USA
Wayne Farms, USA
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This page was last updated on 19th Jan, 2016
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