Introduction of Weather Risk Management Technology in Farm Management

Farm-Level Risk Management Using Irrigation and Weather Derivatives

An agronomic crop growth model—the Decision Support System for Agro-Technology Transfer—and a constant relative risk aversion utility function are used to examine corn irrigation strategies in Mitchell County, Georgia. Precipitation contracts are designed to help farmers manage risk. Three conclusions originate from the findings. First, the optimal irrigation strategy can greatly increase produ...

Space weather and risk management

The term space weather is used for the solar driven variability in particle and electromagnetic conditions of the near-Earth space that may harm the performance of ground-based and space-borne technology. The European Union (EU) and the European Space Agency (ESA) have started a common programme called the Global Monitoring for Environment and Security (GMES). Many of the GMES operational servi...

On-farm weather risk management in suckler cow farms: A recursive discrete stochastic programming approach

Some Practical Aspects of Farm Risk Management

must choose between higher average returns and lower risks. R management implies different things for different people, depending on their attitudes toward risk, their financial situations, and the opportunities available to them. In some cases, managing risk involves minimizing risk for a given level of expected output or revenue. In other cases, it involves keeping risk within bounds while se...

Introduction to Banking Technology and Management

The term “banking technology” refers to the use of sophisticated information and communication technologies together with computer science to enable banks to offer better services to its customers in a secure, reliable, and affordable manner, and sustain competitive advantage over other banks. Banking technology also subsumes the activity of using advanced computer algorithms in unraveling the ...