New Sustainable Food and Agriculture Study Findings Have Been Reported from “Alexandru Ioan Cuza” University of Iasi (Impact of risk management on sustainable farming business): Sustainability Research – Sustainable Food and Agriculture

2022 JUN 22 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in sustainable food and agriculture. According to news reporting from Iasi, Romania, by NewsRx journalists, research stated, “The purpose of this study is to evaluate the instruments utilized in agricultural risk management.”

The news reporters obtained a quote from the research from “Alexandru Ioan Cuza” University of Iasi: “The study’s goals are to highlight the hazards that Romanian farmers confront and to uncover strategies to mitigate these risks. In this regard, we present an analysis of agricultural risks, the role of agricultural insurance and the impact of risk management on the sustainability of agricultural holdings. The research methodology is based on various reports, official statistics, macroeconomic analysis, case studies, analysis of documents issued by organizations representing the SME sector and the agricultural business environment. After collecting the data, qualitative and quantitative methods were used to express the research results. The study emphasized the constraints that farmers face (depending on the size of the enterprise), the influence of climate change on agricultural output, the main financial risks (e.g., price risk, production risk), and suggested methods for implementing agricultural insurance (eg. production, income insurance). The study also shows that price and production risks such as price volatility and climate change have a significant impact on the sustainability of agricultural holdings.”

According to the news editors, the research concluded: “The main conclusion of the study shows that risk management tools encourage farmers to participate in sound risk management. Finally, the results of the research can provide important guidelines in substantiating the needs of risk management in the agricultural sector.”

For more information on this research see: Impact of risk management on sustainable farming business. Revista de Studii Financiare, 2022,7(12):143-163. (Revista de Studii Financiare - https://revista.isfin.ro/?lang=en). The publisher for Revista de Studii Financiare is Institutul de Studii Financiare.

A free version of this journal article is available at https://doi.org/10.55654/JFS.2022.7.12.10.

Our news journalists report that more information may be obtained by contacting Andrei - Cristian Matei, “Alexandru Ioan Cuza” University of Iasi, Iasi, Romania. Additional authors for this research include Mihaela Onofrei.

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