Risk Management in the Agri-Food Sector

Contemporary Economics, Vol. 7, No. 1, pp. 45-62, 2013

18 Pages Posted: 18 Apr 2013 Last revised: 17 Oct 2019

See all articles by Hrabrin Bachev

Hrabrin Bachev

Institute of Agricultural Economics

Date Written: March 15, 2013


This paper incorporates the interdisciplinary New Institutional Economics in a comprehensive framework for analyzing risk management in the agri-food sector. First, it specifies the diverse types of agri-food risks (natural, technical, behavioral, economic, policy, etc.) and the modes of their management (market, private, public, and hybrid). Second, it defines the efficiency of risk management and identifies the factors (personal, institutional, dimensional, technological, and natural) of governance choice. Next, it presents stages in the analysis of risk management and the improvement of public intervention in the governance of risk. Finally, it identifies the contemporary opportunities and challenges for risk governance in the 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 the Agri-Food Sector (March 15, 2013). Contemporary Economics, Vol. 7, No. 1, pp. 45-62, 2013 , Available at SSRN: https://ssrn.com/abstract=2253172

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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