ENVIRONMENTAL AND CLIMATE RISK MANAGEMENT IN AGRICULTURAL HOLDINGS IN BULGARIA

Abstract

The development of agricultural holdings depends on many external and internal factors. The specifics of agricultural production and the high unpredictability of natural phenomena are the reason the factors related to nature and climate to be defined as the risks that have a serious impact on agricultural production. The aim of the paper is to study environmental and climate risks that influence on agricultural holdings in Bulgaria and, on this basis, to propose recommendations for overcoming them. The first part of the paper provides a theoretical overview of the possible climate risks for agricultural holdings. The analytical part of the paper is related to analysis of: 1 climate-related crisis events in Bulgaria for the period 2010 – 2020 and their impact on agricultural production; 2) financial support to compensate damages to agricultural crops caused by the adverse climate events that can be equated to natural disasters for the period 2016 – 2020. Based on the analysis are proposed recommendations for reducing or overcoming the environmental and climate risk