Risk Management and the Environment: Agriculture in Perspective

From Book News, Inc.
Seventeen experts from academia, government and industry in the U.S., Australia, and Greece address the importance of risk management in relation to the environment in agriculture, as the world moves toward freer markets. Theoretical chapters explore such issues as the state-contingent approach to modeling uncertainty, options and irreversibles in environmental decision-making, environmentally sensitive farming practices, and the impact of environmentally sensitive policy changes on farmer behavior in conditions of uncertainty. Case studies from the U.S., Europe, and Australia illustrate the application of the theoretical approaches. For economists, postgraduate students, and policymakers.Copyright © 2004 Book News, Inc., Portland, OR

Book Description
This book addresses one of the key features of contemporary government policy: how to integrate the economic role of agriculture with the societal role of the rural environment. Historical agricultural policy has focussed on encouraging production while protecting farmers from market risk. However production surpluses combined with growing concern over the environmental impacts of intensive agriculture has led to policy changes, which have exposed farmers to more market risk and required them to take account of their impact on the environment. For the first time this book brings these developing policy issues together with a comprehensive consideration of both theoretical and empirical aspects. The first part of the book contains a set of six theoretical contributions to the economics of the agri-environment, including consideration of the associated policy implications. Building on this theoretical base, the second part contains four international case studies of agri-environmental policy. All the authors are well-known experts in their field, and the original material contained in this book should be of interest to academic agricultural and environmental economists, postgraduate students, and policymakers.


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Seventeen experts from academia, government and industry in the U.S., Australia, and Greece address the importance of risk management in relation to the environment in agriculture, as the world moves toward freer markets. Theoretical chapters explore such issues as the state-contingent approach to modeling uncertainty, options and irreversibles in environmental decision-making, environmentally sensitive farming practices, and the impact of environmentally sensitive policy changes on farmer behavior in conditions of uncertainty. Case studies from the U.S., Europe, and Australia illustrate the application of the theoretical approaches. For economists, postgraduate students, and policymakers. Annotation (c)2003 Book News, Inc., Portland, OR


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