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Risk and economic sustainability of crop farming systems

Lien, Dr. Gudbrand; Hardaker, Prof. J. Brian and Flaten, Dr. Ola (2006) Risk and economic sustainability of crop farming systems. Paper at: Joint Organic Congress, Odense, Denmark, May 30-31, 2006.

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Summary

Environmental, social and economic attributes are important for the sustainability of a farming system. Comparing farming systems by considering only expected profitability ignores differences in both sustainability and in the riskiness of system returns. Further, in choosing between farming systems, the ability to survive various risks and shocks and con-tinue in the future is important, i.e., system resilience and persistence are important aspects of sustainabil-ity. Yet resilience and persistence have seldom been directly considered in evaluations of economic sus-tainability. A whole-farm stochastic simulation model over a six-year planning horizon was used to compare organic and conventional cropping systems for a representative farm situation in Eastern Norway. The relative sustainability of alternative systems under changing assumptions about future technology and price regimes was examined in terms of terminal financial position. The risk efficiency of the same alternatives was also compared. The results illustrate possible conflicts between pursuit of risk efficiency versus sustainability. The model used could be useful in supporting farmers’ choice between farming sys-tems as well for policy makers to develop more sharply targeted policies.


EPrint Type:Conference paper, poster, etc.
Type of presentation:Paper
Subjects: Crop husbandry > Production systems > Cereals, pulses and oilseeds
Knowledge management > Research methodology and philosophy > Systems research and participatory research
Farming Systems > Farm economics
Research affiliation: International Conferences > 2006: Joint Organic Congress > Theme 2: European initiatives
Deposited By: Lien, Dr. Gudbrand
ID Code:7190
Deposited On:09 May 2006
Last Modified:12 Apr 2010 07:32
Document Language:English
Status:Published
Refereed:Not peer-reviewed

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