Abstract

The challenges faced by agricultural systems call for an advance in risk management (RM) assessments. This research identifies and discusses potential improvements to RM across 11 European Union (EU) farming systems (FS). The paper proposes a comprehensive, participatory approach that accounts for multi-stakeholder perspectives relying on 11 focus groups for brainstorming and gathering suggestions to improve RM. Data analysis is based on content analysis and coding of suggested improvements, and their assessment through the lenses of main challenges faced, farms’ flexibility, and dependence on subsidies. First, the results show that necessary improvements differ depending on whether they have their origin in sudden shocks or long-term pressures. Second, farm dependence on direct payments determines a stronger need to improve financial instruments, whereas farm flexibility suggests a need for more accessible and tailored tools for low-flexibility FS, and increased know-what and know-how for high-flexibility FS. Third, our findings indicate a potential for extending stakeholder involvement in RM to new or unconventional roles. Underlying specific improvements, the paper suggests and discusses three main avenues to improve RM as a whole: i) a developed learning and knowledge network; ii) new forms of collaboration; and iii) integrated financial and policy instruments.

Highlights

  • A growing number of challenges, materializing on both local and global scales, are threatening the capacity of EU farming systems (FS) to generate income and deliver private and public goods and/or services (Chartier and Cronin, 2017; Komarek et al, 2020)

  • More holistic approaches to risk management (RM) were proposed to shed light on key interplays between different sources of risks, farmers’ strategies and the policy framework (Anton and Kimura, 2011). In spite of these advances, we argue that existing approaches do not consider all the factors involved in RM

  • While most of the literature is almost exclusively farmercentred, we argue that a broader range of actors should take part in RM analyses

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Summary

Introduction

A growing number of challenges, materializing on both local and global scales, are threatening the capacity of EU farming systems (FS) to generate income and deliver private and public goods and/or services (Chartier and Cronin, 2017; Komarek et al, 2020). Santeramo et al (2016) and Santeramo (2017) recognize a widespread underuse of RM tools, which might be due to a lack of knowledge and experience (Meuwissen et al, 2018; Santeramo, 2016), the low accessibility of these tools for small farms (Finger and Lehmann, 2012; Chartier and Cronin, 2017), lack of willingness to cooperate

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