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Risk in Agricultural Cooperatives: Types and Causes |
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| รหัสดีโอไอ | |
| Creator | Korakot Sukkhee |
| Title | Risk in Agricultural Cooperatives: Types and Causes |
| Publisher | Southern College of Technology |
| Publication Year | 2552 |
| Journal Title | Journal of Southern Technology |
| Journal Vol. | 2 |
| Journal No. | 2 |
| Page no. | 9-22 |
| Keyword | Risk, Risk management, Agribusiness |
| ISSN | 1906-0870 |
| Abstract | The agricultural cooperatives, as a type of financial institution, pose as an attraction to the farmers since they enable the farmers to pool their financial resources and efficiently venture on business activities deemed impossible if independent. As the operation of agricultural cooperatives involves agribusinesses, which are complex and rapidly changing, agricultural cooperatives are exposed to manifold internal and external sources of risks. The external and internal sources are responsible for different types of risks, which constantly influence the financial performance and subsequently the business operations of the agricultural cooperatives. Due to the high degree of exposure to various types of risks internally and externally, risk management is an essential tool for the effective administration of agricultural cooperatives. The risks can be responsible for significant adverse effect on the operations of the agricultural cooperatives and subsequent loss to the organizations. As a consequence, there is a strong need to understand the risks and the impacts of those risks in order to identify the system, techniques, and tools to manage the aggregate effect of risks enveloping the agricultural cooperatives. From the study, the risk components inherent in the various aspects of operation of agricultural cooperatives are identified as credit risk, liquidity risk, interest rate risk, market risk, foreign exchange rate risk, and operational risk. |
