Risk Analysis in the Agricultural Industry at European Union Level

Specialized literature includes a lot of approaches related to the classification of risks that differ both according to their classification characteristics and the purpose and objectives of the research. Considering the impact of climate risk in global or national economies, the objective of this paper is to analyze the risks faced by the European economy in the agricultural industry. Following the analysis, it was observed how important the agricultural industry is in the European economy, being cultivated approximately 40% of the surface of Europe. It can be noted that, together with Poland, Germany and France, Romania is one of the largest producers of cereals in the European Union, 40% of agricultural production being represented by cereals. It is also very important to note that the agricultural sector is the only sector for which support was achieved at the level of the European Union through the common agricultural policies program (CAP).