Due to globalization and internationalization of agri-food production, the arena of competition and competitive advantage is moving from individual firms operating on spot markets towards supply chains and networks. Therefore, coordination between firms within the chain becomes more important. Topics like costs, efficiency, risk and investment analysis have received little empirical attention within chain and network research. Nonetheless, these performance measures are of vital importance for continuity of individual companies, chains and networks. This book aims at offering a coherent view on this matter by discussing the possibilities and limitations of quantifying performance, risks and investments in the agri-food chain. A wide variety of approaches from different economic disciplines was used to analyse the complex systems of agri-food supply chains and develop appropriate models for management decision support.

International trade agreements and reforms of the European Common Agricultural Policy increase the importance of agricultural risk management as a means to stabilise farm incomes. 'Income stabilisation in European agriculture' addresses farm income and risk management issues from various perspectives. A cohesive work is brought together on historic income data, quantitative analyses of future policy scenarios, actual farmers' perceptions and an updated view on various risk management instruments. In-depth analyses focus on Germany, Hungary, the Netherlands, Poland and Spain. Overall findings are synthesised in policy recommendations for agricultural risk management in European agriculture. For academia, this publication brings together an interesting variety of quantitative and qualitative methods to understand and interpret risk management concepts in agriculture. For public and private stakeholders analyses and reflections can be used in debating the domain of policy reforms, risk exposure and risk management in European agriculture.

Due to globalization and internationalization of agri-food production, the arena of competition and competitive advantage is moving from individual firms operating on spot markets towards supply chains and networks. Therefore, coordination between firms within the chain becomes more important. Topics like costs, efficiency, risk and investment analysis have received little empirical attention within chain and network research. Nonetheless, these performance measures are of vital importance for continuity of individual companies, chains and networks.

This book aims at offering a coherent view on this matter by discussing the possibilities and limitations of quantifying performance, risks and investments in the agri-food chain. A wide variety of approaches from different economic disciplines was used to analyse the complex systems of agri-food supply chains and develop appropriate models for management decision support. Research gaps and discussion points are identified by an international forum of researchers in order to enhance progress in this field.

Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.

Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.