Direct Payments as a Risk Management Tool in Bulgarian Agriculture

Tanya Georgieva ()
Additional contact information
Tanya Georgieva: University of Economics - Varna, Varna, Bulgaria

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2020, vol. 9, issue 2, 160-168

Abstract: Òhe purpose of this article is, based on a review of existing opinions on the role of direct payments in the risk management process and assessment of the impact of these subsidies on the income of agricultural holdings in Bulgaria, to draw some conclusions about their potential as a tool for prevention of the risk faced by farmers. It is concluded that if secure revenues from direct payments do not provoke risk-balancing behavior of farmers, their role in income stabilization increases, but not to the same extent for farms with different types of specialization. In addition, the policy of direct income support puts Bulgarian farmers in a situation of relatively high risk of problems in adapting to new conditions, in case of a change in support mechanisms

Keywords: risk-balancing behavior; direct payments; risk management (search for similar items in EconPapers)
JEL-codes: Q1 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://su-varna.org/journal/IJUSV-ESS/2020.9.2/160-168.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:9:y:2020:i:2:p:160-168

DOI: 10.36997/IJUSV-ESS/2020.9.2.160

Access Statistics for this article

More articles in Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series from Union of Scientists - Varna, Economic Sciences Section Contact information at EDIRC.
Bibliographic data for series maintained by Pavel Petrov ().