Strategies for pollination services as a productive input in Canola production

Abstract: The threats to ecosystems and the future delivery of ecosystem services are to a large extentassociated with risks and uncertainty. Integrating these concepts into the analysis on ecosystemservices is thus an important aspect when building sound theoretical frameworks as well aspractical guidelines.We use a standard framework from financial economics that incorporates risk to analyse howfarmers may opt for different strategies for how pollination may affect their harvest. Undercertain assumptions, this framework highlights the inherit trade-offs in the output and risk ofpollination, as well as showing that farmers may opt for different strategies depending on theirrisk preference.Our conclusion from this study is that, although proper data on pollination is lacking, theframework used in combining risk management and ecosystem services does highlight crucialaspects of ecosystem management and may be used as an argument for using precautionary-typemanagement.