RISK MANAGEMENT OF FRUIT, GRAPE AND WINE PRODUCTION FARMS IN SLAVONIA AND BARANYA

Abstract

The Paper presents survey result on risk perceptions and risk management strategies between winemaker and fruits grower in Slavonia and Baranya. Major source of risk are health concerns. Climate factors rank second followed by the market risks. Adequate technology is the most important risk management strategy. Gap between crop insurance's importance and its implementation is evident. Based on the results, the forth coming research will be aimed toward determining efficient set of risk management strategies which should enable optimal relationship between risks and profits in horticulture.

Keywords

• risk in agriculture
• risk management strategies
• fruit
• grape and wine production
• decision making