A CONCEPTUAL FRAMEWORK OF THE IMPACT OF POLICY TOOLS ON FARM STRATEGIES FOR AGRICULTURAL RISK MANAGEMENT

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

Conference of the Department of Agricultural Economics, at the University of Economics - Varna, 2024, issue 1, 215-224

Abstract: The paper presents a theoretical summary of criteria used in the literature to identify instruments designed to manage risk within the entire set of agricultural policy measures. It is concluded that a measure of political support can be considered as a risk management tool if three conditions are simultaneously fulfilled: first, the tool is designed to support the management of risk situations and not to deal with situations of Limits; secondly, the financial support of agricultural holdings is limited to the amount of potential or actual losses from risk events; third, the legislative or legal acts by which the instrument was introduced should define it as a risk/crisis management instrument.

Keywords: risk management; policy instruments; farming strategies; agriculture (search for similar items in EconPapers)
JEL-codes: Q18 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfabre:y:2024:i:1:p:215-224

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