Managing Risk in Agriculture: A Holistic Approach

Managing Risk in Agriculture: A Holistic Approach book cover

Managing Risk in Agriculture: A Holistic Approach

Author(s): OECD Organisation for Economic Co-operation and Development (Author)

  • Publisher: OECD Publishing
  • Publication Date: 29 Sept. 2009
  • Language: English
  • Print length: 170 pages
  • ISBN-10: 9264075305
  • ISBN-13: 9789264075306

Book 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.

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