Keywords: agriculture, environmental valuation, environmental risks, risk management, risk assessment, environmental quality, environmental degradation, agricultural risk
Managing environmental risk in agriculture: a systematic perspective on the potential of quantitative policy-oriented risk valuation
This article seeks to offer a systematic overview of methods and techniques for valuing environmental quality degradation, with a particular view to the management of agricultural risk, against the background of policy relevance. The article argues that modern valuation methods from ecological economics can play an important role in advancing transparent policy decisions, but at the same time the article also warns against unjustified optimism. Consequently, also a systematic review of various caveats in evaluation methods is offered.