ISSN 2284-7995, ISSN Online 2285-3952
 

THE IMPORTANCE OF RISK MANAGEMENT CONCEPT FOR AGRICULTURAL BUSINESS

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 25 ISSUE 1
Written by Mirela-Georgiana MATEI (OPREA), Elena-Roxana ȘUHANI (TOADER), Dorina Nicoleta MOCUȚA

Risk in the agricultural sector remains one of the most current and important concepts to research, taking into account the importance of this sector worldwide, a sector that faces increasingly greater challenges in terms of ensuring global socio-economic stability, but especially in supporting and fulfilling people's primary need, that of having access to food. We face an urgent need for innovative strategies to manage risks and mitigate losses, and risk management is essential to control costs and ensure stability of farmers' incomes, especially in an area exposed to major risks. The purpose of this research is to find out what are the main sources of risk in this sector, what are the risk management tools preferred by farmers, but also the current state of the agricultural sector at European level. Regarding the research method, we used direct observation and statistical description to search for information, identify indicators and conduct their analysis. Thus, the economic indicators showed the major differences between countries and the reasons why some states fail to keep up with others. Also, it was noticed that countries willing to adapt to economic changes and use technology processes in the agricultural sector have much better results and significantly higher growth than others.

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MATEI (OPREA) M.G., SUHANI (TOADER) E.R., MOCUTA D.N. 2025, THE IMPORTANCE OF RISK MANAGEMENT CONCEPT FOR AGRICULTURAL BUSINESS . Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 25 ISSUE 1, PRINT ISSN 2284-7995, 627-634.

The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.

© 2019 To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“.

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