WHENCE AND WHITHER IN FARM-MANAGEMENT RISK RESEARCH AND EXTENSION DELIVERY

There is an explosion of risk-related research in agricultural economi cs, largely as a result of developments in economic theory, quantitati ve methods and computer technology over the past 25 years. However, le ss progress is being made in the application of these methods and resu lts in producer decision making or extension education programs. This article reviews some of the developments in risk-related farm manageme nt research and extension education programs. Some problems and challe nges in making risk research and extension efforts more relevant and e ffective for producer decision making are identified. Some suggestions for future research and extension activities are also indicated.