733124 Introduction to risk management in agriculture


Type
Lecture
Semester hours
2
Lecturer (assistant)
Niedermayr, Andreas
Organisation
Offered in
Wintersemester 2023/24
Languages of instruction
Englisch

Content

Introduction to risk management in agriculture
- Terminology, concepts and theories
- Main sources of risk and uncertainty in agriculture
- Risk management strategies and risk management tools
- Methods to incorporate risk and uncertainty in farm business management planning

Previous knowledge expected

Basic knowledge in farm business management (course 733107 or comparable)

Objective (expected results of study and acquired competences)

Upon completion of the course, students are able to
- name and explain the basic terminology and concepts as well as theories in the context of risk and uncertainty
- list the main sources of risk and uncertainty in agriculture and discuss them based on practical examples
- explain the possible impacts of risk on farm businesses
- name and discuss on-farm (internal) and external risk management tools and strategies
- name and discuss basic methods to incorporate risk and uncertainty into farm business management
-select suitable theories and methods to appropriately consider risk and uncertainty in farm business management, based on single-farm examples
You can find more details like the schedule or information about exams on the course-page in BOKUonline.