The farm sector is affected by a large and changing set of risk sources including more volatile producer prices, unusual weather patterns, upstream and downstream market power along the value chain, increasing dependence on financial institutions, and political risks. This induces the need for (new) risk management tools. Also the Common Agricultural Policy 2020 is considering risk management as an important component of agricultural policy.
Participants will learn theories concerning risk analysis and risk coping strategies and will develop proficiency with software to facilitate the initiation of their own research in topics related to risk in agriculture. The course deals with both conceptual and methodological issues.
Target group and learning outcomes
The course is oriented toward PhD candidates, postdoctoral researchers and others with background in agricultural and applied economics. After successful completion of this course students are expected to be able to:
- Understand theories underlying risk and risk management decision making.
- Model risk including copulas.
- Critically assess econometric analyses with regard to adoption of risk management tools.
- Model whole-farm risk management decisions.
- Reflect on current (EU) policy developments with regard to risk management.
Former occurrences of this course
4-8 July 2022 | 26-30 August 2019 | 27-31 August 2018