Managing Risk in Agriculture: A Holistic Approach BY OECD Organisation for Economic Co-operation and Development

Managing Risk in Agriculture: A Holistic Approach BY OECD Organisation for Economic Co-operation and Development
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Managing Risk in Agriculture:

A Holistic Approach

BY OECD Organisation for Economic Co-operation and Development



Publisher: OECD Publishing (September 29, 2009)





Product Description

The sources of risk in agriculture are numerous and diverse, ranging from events related to climate and weather conditions to animal diseases; from changes in agriculture commodities prices to changes in fertilizer and other input prices; and from financial uncertainties to policy and regulatory risks. Agricultural risks are not independent, but rather are linked both to each other and as part of a system that includes all available instruments, strategies and policies designed to manage risk. A holistic approach is thus necessary. This book examines the current magnitude and characteristics of risk-related policies in agriculture and what is known about the quantitative size of agricultural risks. It looks at the on-farm, off-farm, and market instruments available to manage risk, and it explains how the holistic approach helps clarify the role of governments.Table of Content :Executive SummaryChapter 1. IntroductionChapter 2. Risk Management in Agriculture: a Holistic Conceptual Framework-A holistic framework for the analysis of agricultural risk management systems-Sources of risk-Risk management instruments and strategies-The potential role of government-A template to apply the holistic approachAnnex 2A. Framing the economic analysis of risk-Annex 2B. Price volatility and price stabilizationChapter 3. An Overview of Risk-Related Policy Measures-Which policy measures have a direct risk dimension?-Risk-related policies in the PSE-Risk-related policies in WTO notifications on domestic support commitments-Other risk-related policies-Chapter 4. An Assessment of Risk Exposure in Agriculture Based on a Review of the Literature-What is risk?-Estimation of variability in price, yield and off-farm income-Cause of variability in agriculture-Producer risk perceptions and preferences-Lessons learned on the magnitude and causal factors of agricultural risks