Multi-Criteria Analysis of Investment Choices Following Flood Damage: The Case Study of Sustainable Citrus Farming in Sicily

Alessandro Scuderi, Agata Matarazzo, Giovanni La Via, Mariarita Cammarata and Giuseppe Timpanaro
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Alessandro Scuderi: Di3A—Department of Agriculture, Food and Environment, University of Catania, Via S. Sofia 100, 95123 Catania, Italy
Agata Matarazzo: Department of Economics and Business, University of Catania, Corso Italia, 55, 95129 Catania, Italy
Giovanni La Via: Di3A—Department of Agriculture, Food and Environment, University of Catania, Via S. Sofia 100, 95123 Catania, Italy
Mariarita Cammarata: Di3A—Department of Agriculture, Food and Environment, University of Catania, Via S. Sofia 100, 95123 Catania, Italy

Agriculture, 2022, vol. 12, issue 8, 1-16

Abstract: Current climate change is confronting farms with extreme conditions, with severe drought for a good part of the year and flooding rains for a month. The changes taking place on our planet make it necessary for farmers to understand and assess how they can counteract the damage of climate change by adopting sustainable strategies to cope with the future. This makes environmental, economic and social sustainability more relevant than ever in the production sector. The research, in relation to the spread of exceptional conditions, which cause damage and extraordinary changes in the production system of farmers, aims to define a sustainable assessment model by evaluating the three pillars of sustainability. The proposed methodology, which is based on participatory planning of investment choice, starts from the assumption that the application of methodologies regarding the choice of investment projects must be placed in a broader context than just economic evaluation, including all dimensions of sustainability. Through the involvement of industry stakeholders, it emerged that the implementation of drastic measures is the long-term optimal choice.

Keywords: citrus; innovation; sustainability; economy; environment (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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