The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...

Risk is a pervasive factor in agriculture and a subject of great interest to agricultural economists. However, there is a lack of comprehensive understanding of the knowledge held by farm advisors, students, and economists with regards to farmers' risk preferences. Misconceptions about farmers'...

The Income Stabilization Tool, a risk management scheme introduced within the Common Agricultural Policy (CAP) 2014-2020, could help European Union farmers manage the income risks they face. This study assesses the potential impact of implementing this tool through the maximum level of...