Abstract:
The reasons for variability and the difference between risk and uncertainty were explained in the study. The level of uncertainty in yield, price and gross income was analysed for wheat via using coefficient of variation and coefficient of random variation. Results show that farmers are faced uncertainty in agricultural production due to some factors (climate, price policy changes, etc), which are not under the control of producers. Agricultural insurance, product diversification, contract farming and future markets can be solutions to reduce risk possibility and variability in Turkish agriculture.
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