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Strengthening Agricultural Resilience in the Face of Multiple Risks

image of Strengthening Agricultural Resilience in the Face of Multiple Risks

This report explores how countries can strengthen the resilience of their agricultural sectors to multiple risks. A shifting risk landscape in agriculture – due to increasing weather variability, natural hazards, pests and diseases, and market shocks – will require public and private actors to consider the risk landscape over the long term, place a greater emphasis on what can be done ex ante to reduce risk exposure and increase preparedness, and prioritise investments that build resilience capacities both on-farm and for the sector as a whole. This report offers a framework for applying resilience thinking to risk management in agriculture, and explores how four OECD countries – Australia, Canada, Italy and the Netherlands – are mainstreaming resilience into their agricultural risk management policy frameworks.

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Executive summary

The agricultural risk landscape is shifting, with producers increasingly confronting new sources of risk caused by a changing climate, unanticipated changes in policy, or the economy-wide effects of shocks external to the agricultural sector, such as the global COVID-19 pandemic. Confronting this landscape will require disciplined application of an holistic risk management strategy – specifically, ensuring that decisions are no longer made from a paradigm of reactivity, but from a more proactive “resilience” perspective instead. This implies focusing on preparedness, with the goal of either reducing the negative impact of events, or significantly reducing the likelihood that those events occur.

English

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