OECD Food, Agriculture and Fisheries Papers

ISSN :
1815-6797 (online)
DOI :
10.1787/18156797
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Selected studies on various food, agriculture and fisheries issues from the OECD Trade and Agriculture Directorate.

NB. No. 1 to No. 58 were released under the previous series title OECD Food, Agriculture and Fisheries Working Papers.

 

Risk Management in Agriculture in Australia You or your institution have access to this content

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Author(s):
Shingo Kimura1, Jesús Antón1
Author Affiliations
  • 1: OECD, France

Publication Date
10 Feb 2011
Bibliographic information
No.:
39
Pages
60
DOI
10.1787/5kgj0d8bj3d1-en

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This report analyzes the agricultural risk management system in Australia, 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 focus of risk management policy in Australia is drought risk and this paper assesses the objective and instruments of the country.s national drought policy framework.
Keywords:
climate change, drought policy, bio-security, risk-management, index insurance, catastrophic risk, cost sharing, agricultural policy
JEL Classification:
  • Q18: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Agriculture / Agricultural Policy; Food Policy