IDEAS home Printed from https://ideas.repec.org/p/oec/agraaa/157-en.html
   My bibliography  Save this paper

Design principles for agricultural risk management policies

Author

Listed:
  • Joseph Glauber

    (International Food Policy Research Institute)

  • Katherine Baldwin

    (OECD)

  • Jesús Antón

    (OECD)

  • Urszula Ziebinska

    (OECD)

Abstract

Government support for agricultural risk management tools has grown substantially over the past two decades. While these tools can play a role in strengthening farm-level resilience by helping farmers to cope with the financial impact of adverse events, they also modify farmers’ incentives to invest in risk-reducing measures and market tools. Policy design is critical to maximise effectiveness while minimising unintended consequences. This report reviews the accumulated experience on four types of publicly-supported agricultural risk management tools (ex post disaster aid, agricultural insurance, income stabilisation schemes and tax and savings measures). It suggests some basic principles on how countries can improve the design of their agricultural risk management policies, using a holistic approach and focusing on market failures. The report also highlights the need for more transparency on basic programme data, and for periodic public evaluation of existing programmes.

Suggested Citation

  • Joseph Glauber & Katherine Baldwin & Jesús Antón & Urszula Ziebinska, 2021. "Design principles for agricultural risk management policies," OECD Food, Agriculture and Fisheries Papers 157, OECD Publishing.
    • Handle: RePEc:oec:agraaa:157-en
    DOI: 10.1787/1048819f-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/1048819f-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/1048819f-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Agnieszka Kurdyś-Kujawska & Agnieszka Sompolska-Rzechuła & Joanna Pawłowska-Tyszko & Michał Soliwoda, 2021. "Crop Insurance, Land Productivity and the Environment: A Way forward to a Better Understanding," Agriculture, MDPI, vol. 11(11), pages 1-17, November.
    2. Katherine Baldwin & Anne Effland, 2022. "Integrating prevention into the risk management policy toolkit: A strategy for improving resilience to extreme events," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1222-1240, September.

    More about this item

    Keywords

    Agricultural Insurance; Disaster aid; Resilience;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:agraaa:157-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/tdoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.