Risk Management in Agri-Food Chain

30 Pages Posted: 21 Jun 2012

See all articles by Hrabrin Bachev

Hrabrin Bachev

Institute of Agricultural Economics

Date Written: May 24, 2012


This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agri-food risks, and the (market, private, public and hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in the risk governance. Finally, it identifies contemporary opportunities and challenges for risk governance in agri-food chain.

Keywords: risk management, market, private, and public governance, agri-food chain

JEL Classification: D23, D81, L14, L22, L25, O17, Q12, Q13, Q18, Q52

Suggested Citation

Bachev, Hrabrin, Risk Management in Agri-Food Chain (May 24, 2012). Available at SSRN: https://ssrn.com/abstract=2088985 or http://dx.doi.org/10.2139/ssrn.2088985

Hrabrin Bachev (Contact Author)

Institute of Agricultural Economics ( email )

125 Tzarigradsko shosee Blvd. Blok 1
Sofia, 1113

HOME PAGE: http://hrabrin-bachev.my.contact.bg/

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