Peculiarities of risk management in agriculture

Victoria Zhmudenko
PhD in Economics, Associate Professor of Organization’s Management Department, Uman National University of Horticulture, E-mail:vika_530@mail.ru

Cite this article:

Zhmudenko, V. (2015), Peculiarities of risk management in agriculture. Ed.: M. Zveryakov (ed.-in.-ch) and others [Osoblyvosti upravlinnia ryzykamy v ahrarnii sferi; za red.: M. I. Zveriakova (gol. red) ta in.], Socio-economic research bulletin (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 3, No. 58, pp. 55–61.

Abstract

The article analyzes the appropriateness of risk management in the implementation of agricultural activities. The essence of the main types of agricultural risks and their management tools are formulated and summarized. The question of the development and implementation of strategic risk management techniques, based on market mechanisms are investigated. The necessity of introduction of innovative agricultural business management technology to protect against risks is substantiated. The conclusions on the effectiveness of instruments to influence the sustainable development of agricultural enterprises are proposed.

Keywords

agricultural production; risk management; production diversification; strategic planning; strategic management tools.

JEL classification: Q000

UD classification: 631.152:65.011

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