Risk management in irrigated agriculture: methodological approaches

The relevance of the topic is determined by the need to address risk management problems in irrigated agriculture. Agriculture, particularly irrigated areas, has specific features characterizing the control of instability and uncertainty. Under market conditions, accounting for uncertainty factors when developing recommendations for rational diversification of crop production is associated with numerous barriers, the unresolved nature of which significantly hinders the acelerated development of agricultural production. The objective is to study theoretical aspects of co ordinating adverse factors and determine the main patterns and causes of their occurrence in irrigated agriculture. Methods used in the study include abstract-logical methods for generalizing the main directions of investment risk management in agricultural enterprises and peasant (farm) households, and monographic methods for systematizing experience. Results – the article examines theoretical and methodological approaches to ensuring safety in irrigated agriculture, features of risk diagnostics in agribusiness structures, and the organizational-economic mechanism for their reduction. It is established that in agricultural formations located in this farming zone, the most appropriate method for calculating the probability of investment losses is the assessment of expected efficiency. Its advantage for medium and small farms allows effective consideration of risks even with small investment volumes and in conditions where many risk situations are not yet sufficiently identified. Conclusions – the strategy for modernization of irrigated agriculture in the republic should be aimed at supporting systemic transformations that strengthen the economy of economic entities in irrigated zones and operational services of irrigation systems, which will have a positive impact on the overall socio-economic situation. The authors emphasize the importance of applying the obtained results to enhance the competitiveness of agriculture under global challenges

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