Strategy and risk in farming

R.B.M. Huirne

Abstract


Issues that are relevant in current farm management are discussed. First, three basic farm management theories are presented: (1) decision-making theory; (1) system theory; and (3) theory of management by objectives. Next, two new developments are introduced, namely, strategic management and risk management.

Keywords


farm management; system theory; decision making; uncertainty; restructuring; stability; SWOT-analysis; diversification

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