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1530: Governments and agricultural risk

This paper is summarised from the OECD report ‘Risk management in agriculture: what role for governments?

Year of Publication2012

Governments should assess all risks and their relationship to each other. Policies should focus on catastrophic risks rather than normal risk. Contingency plans should define in advance the procedures, responsibilities and limits of the policy response. Subsidized insurance for disaster assistance tends to crowd out private insurance markets and has not been successful in preventing additional assistance after the event. Facilitating information, regulation and training – should be the primary role for the government in the development of market-based risk management tools such as futures, insurance and marketing contracts.

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