Risk Management in Agriculture in Canada
Shingo Kimura () and
Additional contact information
Jesús Antón: OECD
Roger Martini: OECD
No 40, OECD Food, Agriculture and Fisheries Papers from OECD Publishing
This report analyses the agricultural risk management system in Canada, applying a holistic approach that considers the interactions between all sources of risk, farmers‘ strategies and policies. The policy analysis is structured around three layers of risk that require a differentiated policy response: normal (frequent) risks that should be retained by the farmer, marketable intermediate risks that can be transferred through market tools, and catastrophic risk that requires government assistance. The main policy issue in this report is the definition of the boundaries of these different layers. In Canada the system is overcrowded with policies and unable to signal risk layers in which farmers should take their own responsibility of management. Policies include AgriInvest, AgriInsurance, AgriStability, AgriRecovery and ad hoc measures. The analysis of AgriStability provides insights about the economics of agricultural income stabilization policies.
Keywords: agricultural policy; catastrophic risk income stabilization; insurance; montecarlo simulations; policy targeting; risk-management (search for similar items in EconPapers)
JEL-codes: Q18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-cis, nep-ias and nep-rmg
References: Add references at CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oec:agraaa:40-en
Access Statistics for this paper
More papers in OECD Food, Agriculture and Fisheries Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().