Risk Management in Agriculture

Abstract:

What risk means? Risk - (in the spelling of risque from French) is the potential of gaining or losing something of value.

Risks can be identified in any field of activity. It is extremely important to be able to identify, quantify and manage them. Comparing to the risk, uncertainty in agriculture takes a multitude of forms and is determined by the random character of natural (climatic) events.

Agriculture is one of the largest and most significant industries in the world. Agriculture, as we all know, is the backbone of any country.

Agricultural productivity is important not only for a country's balance of trade, but the security and health of its population as well.

Agriculture covers a wide range of subjects: economic situation, financial aspects, structure, trade, rural development, markets et cetera. [1]