OpenFields

932: Resilience and competitiveness

This paper is summarised from ‘Resilience and Competitiveness’, a supporting information document to an on-line discussion being carried out by Defra which ends on 23rd December 2009.

Year of Publication2009

Farmers need to be more competitive and because they are increasingly affected by the market they need to be able to manage risk. Techniques can include diversification; storage, forward contracts and credit markets; futures and options markets; sharecropping arrangements; part time farming; insurance; collaboration and co-operation: increasing competitiveness and skills and reducing barriers to entry and expansion and facilitating departures. Joint venture farming arrangements need to be encouraged to facilitate this process and ways need to be found to encourage more R&D.

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Additional keywords/tags

risk manangement
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