Water shortage crisis is an issue that has led to drastic changes in different agricultural policies, especially in arid and semi-arid areas. Uncertainty in the amount of resources, e.g. water, used for agricultural production entails risk for farmers' income and cropping pattern changes. In the present study, the robust optimization model was used for optimal allocation of arable lands of Khor...

Agricultural risk, especially the risk assessment, partition and economic loss estimation of specific and main crops, maize, wheat and rice, is widely touted in China as a means of improving the effective productivity. The main objective of this article is to perform a detailed analysis of the stability and comparative advantage of rice production in 30 provinces on the basis of relative rice p...

background: new technologies using hazardous materials usually have certain risks. it is more serious when the technology is supposed to be applied in a large scale and become widely used by many people. the objective of this paper was to evaluate the risk of vapor cloud explosion in a hydrogen production process. methods: potential hazards were identified using the conventional hazard identifi...

Keeping workers safe is a continuing challenge in agricultural production. Risk assessment methodologies have been used widely in other industries to better understand systems and enhance decision making, yet their use in production agriculture has been limited. This article describes the considerations and the approach taken to measure the difference in worker injury risks between two agricult...

We apply nonparametric panel data kernel regression to investigate production risk, output price uncertainty, and risk attitudes of Polish dairy farms based on a firm-level unbalanced panel data set that covers the period 2004–2010. We compare different model specifications and different approaches for obtaining firm-specific measures of risk attitudes. We found that Polish dairy farmers are ri...

The study investigates consumers’ preference for cowpea reflected in the Nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. The price data used for this study were obtained through a market survey. A common data collection protocol was employed. Every month, between October 2009 to December 2010, five cowpea samples per seller were bou...

We examine the interaction between risk (uncertainty) and production efficiency in determining pay-performance sensitivity in optimal executive compensation. Particularly, we show that the risk-incentive trade-off is exacerbated (attenuated) as production efficiency increases when the efficiency level is greater (less) than the level of compensation risk. This result suggests that the optimalit...