Managing Risk in Agriculture

Policy Assessment and Design

image of Managing Risk in Agriculture

This book examines the implications of risk management for policy in agriculture.  Opening with a chapter on risk management principles and guidelines for policy design in agriculture, the book goes on to look at quantitative analysis of risk and then at policy in various countries.

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Managing droughts and bio-security in Australia

Drought is the main focus of risk management policy in Australia, a risk that could increase due to climate change. This chapter assesses the objectives and instruments of Australia’s national drought policy framework using the OECD holistic approach which considers interactions between all sources of risk, farmers, strategies and policies. The Australian public-private partnership approach to bio-security is also analysed. This policy analysis is part of a larger report structured around three layers of risk – normal, market and catastrophic – that require differentiated policy responses.

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