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Managing Risk in Agriculture
A Holistic Approach
OECD Publishing , Publication date:  29 Sep 2009
Pages: 170 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264075306 , OECD Code: 512009081P1
Price:   €40 | $54 | £34 | ¥5000 | MXN720 , Standard shipping included!
Availability: Available (Print on Demand)
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Other languages:  French (Available (Print on Demand))
Other Versions:  E-book - PDF Format

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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 contents:

Executive Summary
Chapter 1. Introduction
Chapter 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 approach
-Annex 2A. Framing the economic analysis of risk
-Annex 2B. Price volatility and price stabilization
Chapter 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
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