Purpose: The purpose of this research is to develop a “risk resilience model” for agricultural SMEs, that prepares farmers to the effects of major environmental challenges like climate change and weather shocks.
Methodology: Action research is the methodology used. It was based on a template for qualitative research. Involved in the inquiry, action and reflection phase are: four Dutch SME farmers, strategic risk management experts, agricultural experts, and bachelor students.
Findings: As an outcome of this study, a “risk resilience model” has been developed. It supports farmers/agribusiness firms to reach their orientation to a longer timeframe. Systemically seen, it provides a holistic view that enables farmers/entrepreneurs, and stakeholders to operationalize their ambitions from a responsible and sustainable business, including environmental, social, governance elements in interaction with the system they are part of.
Originality and value: This study contributes by proposing a “risk resilience model” for SME farmers. Furthermore, the study conceptualizes risk resilience for farmers, by looking through a lens of multiple value creation in a dynamic context and based on insights from different fields, actual ESG knowledge, and determinants for risk resilience, competitive advantage and agricultural resilience.
