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Risk and risk management

Early work on risk management proposed careful delineation between risks which can and should be borne by farmers, where market-based instruments can be developed, and catastrophic risk where governments have a clear role to play. Risk management systems have been studied in depth in a number of countries to ascertain the extent to which these general policy principles are followed, and to define best practices. Specific dimensions of risk management facing smallholders in emerging economies have been identified. The impacts of different risk management instruments have been analysed under a number of possible climate change scenarios. More recently, attention has been paid to risk management in relation to livestock diseases, identifying the efficiency and effectiveness of different policy responses to outbreaks and, in so doing, bringing together veterinarians, epidemiologists and economists.

 

Related reports

 

OECD Food, Agriculture and Fisheries Papers

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