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Review

A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies

1
Northern Institute, Charles Darwin University, Darwin, NT 0909, Australia
2
Australian National Centre for Ocean Resources and Security (ANCORS), University of Wollongong, Wollongong, NSW 2522, Australia
3
Plant Biosecurity Research Initiative, Horticulture Innovation, 606 St Kilda Road, Melbourne, VIC 3004, Australia
*
Author to whom correspondence should be addressed.
Agriculture 2019, 9(1), 10; https://doi.org/10.3390/agriculture9010010
Received: 12 December 2018 / Revised: 28 December 2018 / Accepted: 28 December 2018 / Published: 4 January 2019
Farmers around the world face and manage a wide range of enterprise-related risks. These risks are increasing due to a range of factors including globalisation, increased trade in agricultural products, and climate change, jeopardising agricultural enterprises and forcing farmers to adjust their production and management strategies. Here we present results of a systematic literature review, following PRISMA protocol, of farmers’ perceptions of, and responses to, agricultural risks. Using data reduction method (factor analysis) and descriptive statistics, we analysed 197 studies and found that weather-related risk (55%), biosecurity threats (48%), and human risk (35%) are the significant risks perceived by farmers for their agricultural enterprises. Diversification of crop and animal production (28%) and pests and diseases monitoring and prevention (20%) were the preferred agricultural risk management strategies employed by farmers. Few studies have investigated socio-economic factors that explain risk perceptions (18%) or factors that influence how farmers manage agricultural risks (11%). The main barriers to successfully managing agricultural risks were limited access to information and formal low-interest loan systems, especially in developing countries. We identified a mismatch between perceived risk sources and risk management strategies, highlighting a need to improve understanding of why particular management responses are employed to address the various risks. This review suggests areas for future research to improve understanding of the perceptions of risks held by farmers, and to support efforts to manage and reduce these risks. View Full-Text
Keywords: review; risk sources; factor analysis; risk management strategies; perceptions review; risk sources; factor analysis; risk management strategies; perceptions
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MDPI and ACS Style

Duong, T.T.; Brewer, T.; Luck, J.; Zander, K. A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies. Agriculture 2019, 9, 10. https://doi.org/10.3390/agriculture9010010

AMA Style

Duong TT, Brewer T, Luck J, Zander K. A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies. Agriculture. 2019; 9(1):10. https://doi.org/10.3390/agriculture9010010

Chicago/Turabian Style

Duong, Thi T., Tom Brewer, Jo Luck, and Kerstin Zander. 2019. "A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies" Agriculture 9, no. 1: 10. https://doi.org/10.3390/agriculture9010010

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