All agricultural policy measures have an impact on risk.1 Some measures, however, are specifically designed to reduce price, yield or income variability, or to smooth consumption, and thus help farmers manage risk, either because they prevent or reduce the occurrence of risk (risk reduction), or because they limit the effect of risk on income (risk mitigation) or consumption (risk coping). Risk reduction measures would be, for example, disease control measures such as vaccination, which aims to limit the occurrence and spread of animal diseases and thus prevent/reduce potential losses in livestock receipts. Market price support (MPS) measures, which stabilise domestic prices, also reduce domestic price risk. Risk mitigation and coping can operate through established (ex ante) mechanisms such as insurance schemes or income stabilisation programmes, or through ex post interventions such as ad hoc assistance to compensate income losses.