| Description |
1 online resource (150 pages) : color illustrations |
| Series |
Agriculture and food |
|
Agriculture and food.
|
| Contents |
FOREWORD; ACKNOWLEDGEMENTS; TABLE OF CONTENTS; List of Boxes; List of Tables; List of Figures; AGENDA OF THE WORKSHOP AND LIST OF SPEAKERS Paris, France, 15-16 May 2000; SUMMARY AND CONCLUSIONS; Part I. APPROACHES TO INCOME RISK MANAGEMENT IN OECD COUNTRIES; Part II. SPECIFIC APPROACHES |
| Summary |
Various risks affect the income and the welfare of farm households. A large number of strategies are available to deal specifically with income risk. They exist against a general background of widespread government intervention that modifies the risks faced by farmers. In the context of agricultural policy reform, a challenge for policy makers is to better define the role of public policy versus market-based mechanisms to deal with income risk in agriculture. The OECD workshop examined the various strategies used by farm households, in particular those attracting renewed interest such as diversification of income sources, vertical co-ordination, hedging on futures markets, insurance coverage and public safety-nets. It allowed participants from Member countries' governments and private industries to share their experience. One of the main conclusions was that farmers, as managers, have the primary responsibility for risk management and that the optimal mix of tools and instruments depends on specific conditions. Government intervention in risk management, coming as a response to an identified market failure, should be in line with general reform principles shared by OECD Ministers for Agriculture, which include increasing the market orientation of agriculture and addressing legitimate domestic interests in ways that do not distort production and trade |
| Analysis |
Agriculture |
| Notes |
Papers presented at the OECD Workshop on Income Risk Management held in Paris on May 15-16, 2000 |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Agricultural insurance -- Congresses.
|
|
Agriculture and state -- Congresses.
|
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Agriculture -- Economic aspects -- Congresses.
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Agriculture -- Finance -- Congresses.
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Farm income -- Congresses.
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Farm risks -- Congresses.
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| Form |
Electronic book
|
| Author |
Organisation for Economic Co-operation and Development.
|
|
OECD Workshop on Income Risk Management (2000 : Paris, France)
|
| ISBN |
1280081341 |
|
9264185348 |
|
9264189580 (electronic bk.) |
|
9781280081347 |
|
9789264185340 |
|
9789264189584 (electronic bk.) |
|
