Risk Management in Australian Agriculture

Summary

To identify strategies to improve the availability and effectiveness of risk management options in the Australian agriculture sector.

Program

National Rural Issues

Research Organisation

Australian Farm Institute

Objective Summary

Risk is a fundamental feature of Australian farming and agribusiness, yet in many respects risk management systems in Australian agriculture are much less developed than is the case in other nations. This project aims to firstly develop a better understanding of the nature of risk in subsectors of Australian agriculture using available data. The research will then involve an analysis of the range of different options that are available to agricultural risk management. These will include the adoption of different business models (for example forward selling, contract supply arrangements, supply chain collaboration), and/or the use of either domestic or internationally traded soft commodity derivatives. The advantages and disadvantages of each will be identified and analysed, based on a combination of objective measures (where available) and insights gained from industry interviews. The final part of the research will involve the development of an assessment framework that will be used to compare different risk management strategies, and identify potential initiatives that may be needed to facilitate improved risk management options for Australian agricultural businesses

Project Code

PRJ-011260

Project Stage

Closed

Project Start Date

Thursday, March 1, 2018

Project Completion Date

Monday, December 17, 2018

Journal Articles From Project

Not Available

National Priority

An environmentally sustainable Australia

National Priority

Advanced Technology

National Priority

NRI-National Rural Issues

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