Research Reports from Slovak University of Agriculture in Nitra Provide New Insights into Risk Management (The Potential Indemnification of Slovak Farmers with the Income Stabilisation Tool)

2021 MAR 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Research findings on risk management are discussed in a new report. According to news reporting from Slovak University of Agriculture in Nitra by NewsRx journalists, research stated, “The risk management tools in agriculture enable farmers to anticipate, avoid and react to shocks and agricultural risks.”

The news journalists obtained a quote from the research from Slovak University of Agriculture in Nitra: “The Common agricultural policy includes mechanisms to support risk management of the European farmers and respond to crises. An ambition of the recent CAP proposal is to increase the focus on risk management and stabilisation of farmers’ income. Under Pillar 2, the CAP offers the support for less favoured farms, which have experienced the production or income loss in the way of insurance premium, mutual funds, and Income stabilisation tool. However, only few European countries have been using these tools operationally. The risk management tools were subjected to criticism, mainly because of many obstacles in their implementation; therefore, since 2018, the risk management toolbox has been further extended.”

According to the news reporters, the research concluded: “In the paper, we focus on one of the CAP tools from Pillar 2, the Income Stabilisation tool, and examine the potential effect on farmers’ indemnification in Slovak agriculture.”

For more information on this research see: The Potential Indemnification of Slovak Farmers with the Income Stabilisation Tool. Visegrad Journal on Bioeconomy and Sustainable Development, 2020,9(2):78-81. (Visegrad Journal on Bioeconomy and Sustainable Development - http://www.degruyter.com/view/j/vjbsd). The publisher for Visegrad Journal on Bioeconomy and Sustainable Development is Sciendo.

A free version of this journal article is available at https://doi.org/10.2478/vjbsd-2020-0015.

Our news editors report that additional information may be obtained by contacting Bohacikova Andrea, Slovak University of Agriculture in Nitra, Slovakia. Additional authors for this research include Bencova Tatiana, Kapustova Zuzana, Strapekova Zuzana.

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