Perception of Risk Factors and Determination of Risk Management Strategies According to Agricultural Enterprise Typologies

Abstract

Abstract:In this study, it was aimed to determine the risk management strategies and the level of riskperception of the entrepreneurs in agricultural enterprises classified according to productionactivities. Risk behaviours of entrepreneurs were examined according to the enterprise typologies,and the reference game was used for this purpose. The success of the economic activities of theenterprises was determined by an analysis of the annual operating results. The risk perception wasinvestigated according to the enterprise typology. As a result, it was determined to be perceivedas risk factors: drought, fluctuation of input and product prices in the livestock enterprises;drought, precipitation, pests, frost and hail in the mixed plant enterprises; drought, precipitation,frost and hail in the mixed plant and livestock enterprises; pest, diseases, hail, drought andprecipitation in the specialized perennial enterprises; storm, capital shortage, loans, pricefluctuation, yield fluctuation and fire in the specialized horticulture enterprises; drought, frost,hail, insufficient and unpredictable precipitation in the crop enterprises. The general informationon agricultural issues, the implementation of new farming techniques, the diversity in production,the planned debt, the contract production, agricultural protection and the market follow were foundout as management strategies for these risk factors.