This paper identifies and assesses the efficiency of major modes for risk governance in Bulgarian dairy farming … social (institutional) risks presented. Next, major types of risks faced by the dairy farms are specified and dominant market …, private, public and hybrid modes of risk governance assessed. Finally, principal forms of risks caused by the dairy farms are …

Public risk management policies for dairy producers have the potential to induce expansion in milk supplies, which … might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA’s Livestock Gross Margin-Dairy (LGM-Dairy … (“inelastic”) supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging …

the beneficiaries. Dairy cooperatives accounted for a greater share of the employment of disabled persons and prisoners …