Policies on Managing Risk in Agricultural Markets

• Tác giả: Jock R Anderson
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.18 Government farm policies
• Thông tin xuất bản: World Bank, 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326301
• Chủ đề: 1. ADVERSE EFFECTS; 2. ADVERSE SELECTION; 3. AGGREGATE DEMAND; 4. AGRICULTURAL COMMODITIES; 5. AGRICULTURAL ECONOMICS

Tóm tắt

Over the past dozen years, policymakers have largely abandoned long-standing popular approaches for addressing risk in agriculture without fully resolving the question of how best to manage the negative consequences of volatile agricultural markets. The article reviews the transition from past policies and describes current approaches that distinguish between the trade-related fiscal consequences of commodity market volatility and the consequences of price and production risks for vulnerable rural households and communities. Current policies rely more heavily on markets, even though markets for risk are incomplete in numerous ways. The benefits and limitations of market-based instruments are examined in the context of risk management strategies, and innovative approaches to extend the reach of risk markets are discussed.