Extreme weather events pose an economic threat to farms. The risk management behaviour against such events is often studied using prospect theory as a framework, but empirically deriving corresponding parameters in the field involving farmers is challenging. To address this issue, we compare...

Digital risk management tools (RMTs) are promising to help farmers manage risk. However, these recently developed tools are still unexplored and hardly used by farmers. This study is the first to investigate how German farmers perceive the usefulness of digital RMTs and which factors influence...

Factors such as risk attitude, innovativeness, and financial literacy are crucial in agricultural and forest economics, especially amidst weather and market risks. Hence, understanding them is central for fostering a resilient primary sector. We surveyed 371 German farmers and 215 foresters in...