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A Comprehensive Technique to Agricultural Risk Management for Enhancing Resilience

Received: 8 February 2022    Accepted: 21 March 2022    Published: 14 June 2022
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Abstract

Agricultural Sector is subject to a vast number of risks not solely to the ones experienced by major businesses but also to all of the risks connected with the living and the organic material such as fresh produce, livestock and seeds including their biological processes. Agriculture entails the science and practice of farming including the rearing of animals and the cultivation of soil for the growing of crops for providing food, wool, and other products. Agricultural Risk Management (ARM) is aimed at safeguarding the Agriculture Businesses, Nations and Farmers from the potential and major losses incurred as a result of the unpredictable scenarios and also becoming a means to enhance the resilience of the unpredictable scenarios and a means to enhance the resilience at various levels. Platform for Agricultural Risk Management (PARM) has recognized that which are the elements that make an agricultural project an Agricultural Risk Management (ARM) one. Platform for Agricultural Risk Management (PARM) PARM has developed and ensured a participatory technique that recognizes five pillars that if included and added in a Project would have the capacity of maximizing agricultural risks including the limit consequences of the negative and the pessimistic shocks. Properly Managing Agricultural Risks ultimately translates in a better and a proper food security and resilience.

Published in Science Research (Volume 10, Issue 3)
DOI 10.11648/j.sr.20221003.14
Page(s) 81-88
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Agriculture Risk Management, Agricultural Risk, Resilience

References
[1] Barrett C and Constas M., Principles and Ideologies of resilience measurement and determinant for food insecurity: mechanisms, metrics and implementation initiatives. Paper presented at the ExpertConsultation on Resilience Measurement Related and Connected toFood Security sponsored and launched by the World Food Programme (WFP) and the Food and AgriculturalOrganization (FAO), Rome, February 19-21, 2013.
[2] Food and Agriculture Organization (FAO) of the United Nation (UN). The impact and effect of natural disasters and hazards on food security, agriculture and nutrition, Rome, 2015 http://www.fao.org/3/a-i4434e.pdf
[3] Padgham-Timpane B. L., Klinger T., Beechie T. A systematic review and evaluation of ecological attributed and characterized that confer resilience to climate change in environmental restoration. PLoSONE 12 (3), 2017: e0173812. https://doi.org/10.1371/journal.pone.0173812
[4] Kinzig A, Carpenter S. R., Holling C. S., Walker B. adaptability, resilience and transformability in social-ecological systems. Society and Ecology, Vol. 9, n. 2, 2004.
[5] Platform for Agricultural Risk Management. Management and Agricultural Risk Assessment for Food Security in Developing Nations, Rome, 2018a (forthcoming).
[6] Platform for Agricultural Risk Management. Managing and Handling risks at farm level, Manual, Rome, 2017a.
[7] Organization for Economic Co-operation and Development. Managing and Handling Risks in Agriculture: a Holistic Technique and Approach, Paris, 2009.
[8] Platform for Agricultural Risk Management. Information Systems (IS) for Agricultural Risk Management: Executive Summary Report, Rome, 2016b.
[9] World Bank. Agricultural Sector Risk Assessment: Methodological Guidance for Practitioners. World Bank Group, Washington, 2016.
[10] Platform for Agricultural Risk Management. Agricultural Risk Assessment Study in Uganda, Rome, 2015.
Cite This Article
  • APA Style

    Tochukwu Benedict Ezeifekwuaba. (2022). A Comprehensive Technique to Agricultural Risk Management for Enhancing Resilience. Science Research, 10(3), 81-88. https://doi.org/10.11648/j.sr.20221003.14

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    ACS Style

    Tochukwu Benedict Ezeifekwuaba. A Comprehensive Technique to Agricultural Risk Management for Enhancing Resilience. Sci. Res. 2022, 10(3), 81-88. doi: 10.11648/j.sr.20221003.14

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    AMA Style

    Tochukwu Benedict Ezeifekwuaba. A Comprehensive Technique to Agricultural Risk Management for Enhancing Resilience. Sci Res. 2022;10(3):81-88. doi: 10.11648/j.sr.20221003.14

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  • @article{10.11648/j.sr.20221003.14,
      author = {Tochukwu Benedict Ezeifekwuaba},
      title = {A Comprehensive Technique to Agricultural Risk Management for Enhancing Resilience},
      journal = {Science Research},
      volume = {10},
      number = {3},
      pages = {81-88},
      doi = {10.11648/j.sr.20221003.14},
      url = {https://doi.org/10.11648/j.sr.20221003.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sr.20221003.14},
      abstract = {Agricultural Sector is subject to a vast number of risks not solely to the ones experienced by major businesses but also to all of the risks connected with the living and the organic material such as fresh produce, livestock and seeds including their biological processes. Agriculture entails the science and practice of farming including the rearing of animals and the cultivation of soil for the growing of crops for providing food, wool, and other products. Agricultural Risk Management (ARM) is aimed at safeguarding the Agriculture Businesses, Nations and Farmers from the potential and major losses incurred as a result of the unpredictable scenarios and also becoming a means to enhance the resilience of the unpredictable scenarios and a means to enhance the resilience at various levels. Platform for Agricultural Risk Management (PARM) has recognized that which are the elements that make an agricultural project an Agricultural Risk Management (ARM) one. Platform for Agricultural Risk Management (PARM) PARM has developed and ensured a participatory technique that recognizes five pillars that if included and added in a Project would have the capacity of maximizing agricultural risks including the limit consequences of the negative and the pessimistic shocks. Properly Managing Agricultural Risks ultimately translates in a better and a proper food security and resilience.},
     year = {2022}
    }
    

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    AB  - Agricultural Sector is subject to a vast number of risks not solely to the ones experienced by major businesses but also to all of the risks connected with the living and the organic material such as fresh produce, livestock and seeds including their biological processes. Agriculture entails the science and practice of farming including the rearing of animals and the cultivation of soil for the growing of crops for providing food, wool, and other products. Agricultural Risk Management (ARM) is aimed at safeguarding the Agriculture Businesses, Nations and Farmers from the potential and major losses incurred as a result of the unpredictable scenarios and also becoming a means to enhance the resilience of the unpredictable scenarios and a means to enhance the resilience at various levels. Platform for Agricultural Risk Management (PARM) has recognized that which are the elements that make an agricultural project an Agricultural Risk Management (ARM) one. Platform for Agricultural Risk Management (PARM) PARM has developed and ensured a participatory technique that recognizes five pillars that if included and added in a Project would have the capacity of maximizing agricultural risks including the limit consequences of the negative and the pessimistic shocks. Properly Managing Agricultural Risks ultimately translates in a better and a proper food security and resilience.
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Author Information
  • Finance, University of Lagos, Lagos, Nigeria; Oil and Gas Management, South America University, Delaware, USA

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