Risk Management and the Environment: Agriculture in Perspective

Risk Management and the Environment: Agriculture in Perspective is a modern academic work that seeks to bring out both to the private and the policy sectors the importance of risk management in relation to the envi ronment in agriculture, as the world moves towards freer markets. Many efforts were pooled together in making this book. Three years ago, an attempt was made by one of the editors to get a project on 'Agri cultural Risk Management and Sustainabilty' (ARMAS) funded by the European Commission. Probably deeming the proposal as prematurely novel for Europe, the Commission's screening experts abandoned its evaluation. Following that experience it became apparent that the literature on the theme ought to be strengthened and emphasized through a book by a well known publishing house. The editorial team was formed relatively quickly and an invitation to known experts in the field for contributions was issued. Subsequently, Kluwer Academic Publishers, evaluated an edited volume proposal package, and final revisions were made prior to submitting the entire manuscript for publication. We are gratefully acknowledging the moral support of several individu als as well as the patience of our publishers.

Inhalt
Risk Management and the Environment in Agriculture: A Key Policy Theme.- I Theory.- 1 The State-contingent Approach to Modeling Environmental Risk Management.- 2 The Precautionary Principle in Practice: How to Write a Call Option on the Environment.- 3 Factors Determining Best Management Practice Adoption Incentives and the Impact of Green Insurance.- 4 Uncertainty and Adoption of Sustainable Farming Systems.- 5 Incentive Design for Introducing Genetically Modified Crops.- 6 An Economic Risk Assessment of the Impact on Producers of Removing Quarantine Restrictions.- II Case Studies.- 7 Risk Attitudes and Risk Perceptions of Crop Producers in Western Australia.- 8 Valuing Pest Control: How Much is Due to Risk Aversion?.- 9 The Influence of Price Risk on Set-aside Choice in the EU.- 10 Production Risks, Acreage Decisions, and Implications for Revenue Insurance Programs.- 11 The Effects of Crop Insurance and Disaster Relief Programs on Soil Erosion: The Case of Soybeans and Corn.- Conclusion.- Author Index.