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The management of risk involves a process that indicates such a task is not expected to be taken casually by farmers or their representatives if the end result is to… Read More

Risk management strategies are also affected by an individual’s ability to bear (or take) risk. Simply stated, risk-bearing ability is directly related to the solvency and liquidity of one’s financial… Read More

The sources of risk in agriculture are numerous and diverse. The markets for agricultural inputs and outputs have a direct impact on farming risk, particularly through prices. A diversity of… Read More

The presence of risks in agriculture influences farm production and investment choices in several ways, including: i. The specific mix of commodities farmers produce and the inputs used to produce… Read More

Farmers make decisions in a risky, ever-changing environment. The consequences of their decisions are generally not known when the decisions are made, and outcomes may be better or worse than… Read More

Agricultural risks stem from different sources, which can be internal or external; human beings, farmers’ families, or animals; natural occurrences, outbreaks of pests and diseases, and the actions or inactions… Read More

Risk is the possibility of adversity or loss, and refers to “uncertainty that matters.” Consequently, risk management involves choosing among alternatives to reduce the effects of risk. It typically requires… Read More

Agricultural products are of a different nature than industrial products. The features of these products can be divided into three major types based on production, marketing, and consumption. Each of… Read More

Agricultural products are of a different nature than industrial products. The features of these products can be divided into three major types based on production, marketing, and consumption. Each of… Read More

Agriculture is bedeviled with a lot of risks and uncertainties due to the nature of agricultural production. Yet, a greater percentage of Nigerians earn their livelihood from this sector than… Read More

Agricultural marketing plays a crucial role in agricultural performance, just as farming itself. For this reason, market reforms must be integrated into any agricultural development policy. Considerable progress has been… Read More

Risks that cannot be assessed quantitatively in terms of financial loss cannot be insured. The impact of risks and the severity of their impact are essential for risk assessment. Risks… Read More