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Design principles for agricultural risk management policies

Joseph Glauber, Katherine Baldwin, Jesús Antón and Urszula Ziebinska
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Joseph Glauber: International Food Policy Research Institute
Jesús Antón: OECD
Urszula Ziebinska: OECD

No 157, OECD Food, Agriculture and Fisheries Papers from OECD Publishing

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.

Keywords: Agricultural Insurance; Disaster aid; Resilience (search for similar items in EconPapers)
JEL-codes: G22 G32 H84 Q18 Q54 (search for similar items in EconPapers)
Date: 2021-05-10
New Economics Papers: this item is included in nep-agr and nep-ias
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