RISK MANAGEMENT PARADIGMS AT AGRICULTURAL ENTERPRISES

Kazimirs Špoģis, Gunita Mazūre, Dana Švēdere

RISK MANAGEMENT PARADIGMS AT AGRICULTURAL ENTERPRISES

The paper focuses on empirical opinions expressed by owners and managers of agricultural industrial enterprises, summarises their practical knowledge, outlines the formation of strategic interpretations and paradigms of production development risks, describes the experience of managers’ actions in risk situations, and deals with productivity risk issues. The exchange of views by managers and owners of large farms attributable to different levels of the Industrial Era or the Knowledge Era of agriculture is summarised separately to provide a more explicit disclosure of their opinions. Conclusions and final considerations of the paper include a summary of the discussions and analytical studies.

Key words: agriculture, industry, management, risks, risk management.
JEL classification: Q19, R11.

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