Publication:
Policies on Managing Risk in Agricultural Markets

dc.contributor.author Larson, Donald F.
dc.contributor.author Anderson, Jock R.
dc.contributor.author Varangis, Panos
dc.date.accessioned 2013-12-19T21:01:32Z
dc.date.available 2013-12-19T21:01:32Z
dc.date.issued 2004-09-01
dc.description.abstract Over the past dozen years, policymakers have largely abandoned long-standing popular approaches for addressing risk in agriculture without fully resolving the question of how best to manage the negative consequences of volatile agricultural markets. The article reviews the transition from past policies and describes current approaches that distinguish between the trade-related fiscal consequences of commodity market volatility and the consequences of price and production risks for vulnerable rural households and communities. Current policies rely more heavily on markets, even though markets for risk are incomplete in numerous ways. The benefits and limitations of market-based instruments are examined in the context of risk management strategies, and innovative approaches to extend the reach of risk markets are discussed. en
dc.identifier http://documents.worldbank.org/curated/en/2004/09/17559751/policies-managing-risk-agricultural-markets
dc.identifier.citation World Bank Research Observer
dc.identifier.other doi:10.1093/wbro/lkh022
dc.identifier.uri http://hdl.handle.net/10986/16411
dc.language English
dc.language.iso en_US
dc.publisher World Bank
dc.relation.ispartofseries World Bank Research Observer
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject ADVERSE EFFECTS
dc.subject ADVERSE SELECTION
dc.subject AGGREGATE DEMAND
dc.subject AGRICULTURAL COMMODITIES
dc.subject AGRICULTURAL ECONOMICS
dc.subject AGRICULTURAL INSURANCE
dc.subject AGRICULTURAL SHOCKS
dc.subject ASYMMETRIC INFORMATION
dc.subject AVERAGE PRICE
dc.subject BANKRUPTCY
dc.subject BENEFICIARIES
dc.subject BENEFICIARY
dc.subject BOND
dc.subject BONDS
dc.subject BORROWING
dc.subject CAPITAL MARKETS
dc.subject CENTRAL BANKS
dc.subject CERTIFICATE OF DEPOSIT
dc.subject CLIMATE
dc.subject COMMERCIAL INSURANCE
dc.subject COMMODITY
dc.subject COMMODITY EXPORTS
dc.subject COMMODITY MARKETS
dc.subject COMMODITY PRICE
dc.subject COMMODITY PRICES
dc.subject COMMODITY RISK MANAGEMENT
dc.subject CONSUMPTION SMOOTHING
dc.subject CONTRACT DESIGN
dc.subject CONTRACT DESIGNS
dc.subject CONTRACT ENFORCEMENT
dc.subject CREDIT ASSOCIATIONS
dc.subject CREDIT MARKETS
dc.subject CREDIT SYSTEMS
dc.subject CRISES
dc.subject CROP INSURANCE
dc.subject CROP LOSSES
dc.subject CURRENCY
dc.subject DEBT MANAGEMENT
dc.subject DEFAULTS
dc.subject DEPOSITS
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPING COUNTRY
dc.subject DEVELOPING ECONOMIES
dc.subject DEVELOPMENT ECONOMICS
dc.subject DEVELOPMENT FINANCE
dc.subject DEVELOPMENT INSTITUTIONS
dc.subject DISASTER INSURANCE
dc.subject DOMESTIC BANK
dc.subject DOMESTIC CREDIT
dc.subject DOMESTIC MARKET
dc.subject DOMESTIC MARKETS
dc.subject DOMESTIC PRICES
dc.subject DROUGHT INSURANCE
dc.subject ECONOMIC ACTIVITY
dc.subject ECONOMIC ANALYSIS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC SYSTEMS
dc.subject ECONOMICS
dc.subject EFFICIENT MARKETS
dc.subject EMPLOYMENT
dc.subject ENFORCEMENT MECHANISMS
dc.subject EXCHANGE RATE
dc.subject EXCHANGE RATES
dc.subject EXPENDITURES
dc.subject EXPORTERS
dc.subject EXTERNAL DEBT
dc.subject EXTERNAL SHOCKS
dc.subject FARMING HOUSEHOLDS
dc.subject FEASIBILITY
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INSTRUMENTS
dc.subject FINANCIAL MARKETS
dc.subject FINANCING FACILITY
dc.subject FIXED COSTS
dc.subject FORWARD MARKETS
dc.subject FUTURES
dc.subject FUTURES MARKET
dc.subject FUTURES MARKETS
dc.subject GOVERNMENT DEBT
dc.subject GOVERNMENT FINANCING
dc.subject GOVERNMENT INTERVENTION
dc.subject GOVERNMENT POLICIES
dc.subject GOVERNMENT REVENUES
dc.subject GOVERNMENT SUBSIDIES
dc.subject GROSS DOMESTIC PRODUCT
dc.subject HEDGE RATIO
dc.subject HOLDING
dc.subject HUMAN CAPITAL
dc.subject ILLIQUID MARKETS
dc.subject IMPORTS
dc.subject INCOME
dc.subject INCOME SHOCKS
dc.subject INCOME VOLATILITY
dc.subject INCOMPLETE MARKETS
dc.subject INDEMNITY PAYMENT
dc.subject INDEMNITY PAYMENTS
dc.subject INFLATION
dc.subject INSTRUMENT
dc.subject INSURANCE ARRANGEMENTS
dc.subject INSURANCE CONTRACT
dc.subject INSURANCE CONTRACTS
dc.subject INSURANCE INSTRUMENTS
dc.subject INSURANCE MARKETS
dc.subject INSURANCE MECHANISMS
dc.subject INSURANCE POLICIES
dc.subject INSURANCE PRODUCT
dc.subject INSURANCE SCHEME
dc.subject INSURANCE SCHEMES
dc.subject INSURANCE SYSTEMS
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL DEVELOPMENT
dc.subject INTERNATIONAL FINANCE
dc.subject INTERNATIONAL MARKETS
dc.subject INTERNATIONAL TRADING
dc.subject INVENTORIES
dc.subject INVENTORY
dc.subject INVENTORY COLLATERAL
dc.subject INVESTING
dc.subject ISLAND ECONOMIES
dc.subject JOBS
dc.subject LABOR MARKETS
dc.subject LABOR SUPPLY
dc.subject LAND REFORM
dc.subject LIEN
dc.subject LINES OF CREDIT
dc.subject LIQUIDITY
dc.subject LIVESTOCK INSURANCE
dc.subject LIVING STANDARDS
dc.subject LOAN
dc.subject LOCAL CURRENCIES
dc.subject LOCAL ECONOMY
dc.subject LOCAL GOVERNMENTS
dc.subject MACROECONOMIC INSTABILITY
dc.subject MACROECONOMIC POLICY
dc.subject MACROECONOMIC STABILIZATION
dc.subject MARKET ECONOMY
dc.subject MARKET INSTRUMENTS
dc.subject MARKET REFORM
dc.subject MARKET REFORMS
dc.subject MARKET VOLATILITY
dc.subject MINIMUM PRICE
dc.subject MONETARY FUND
dc.subject MONITORING COSTS
dc.subject MONOPOLIES
dc.subject MORAL HAZARD
dc.subject MULTILATERAL LENDERS
dc.subject MULTIPLE PERIL CROP INSURANCE
dc.subject MUTUAL INSURANCE
dc.subject NATIONAL INCOME
dc.subject NATURAL DISASTER
dc.subject NATURAL DISASTERS
dc.subject OPEN ECONOMIES
dc.subject OPTIMAL CONTRACT
dc.subject OPTIONS MARKETS
dc.subject OUTPUTS
dc.subject PARTIAL GUARANTEES
dc.subject PERFORMANCE RISKS
dc.subject PERMANENT INCOME HYPOTHESIS
dc.subject POLITICAL ECONOMY
dc.subject PORTFOLIO
dc.subject PORTFOLIOS
dc.subject PRICE INDEX
dc.subject PRICE INSURANCE
dc.subject PRICE MOVEMENTS
dc.subject PRICE POLICIES
dc.subject PRICE RISK
dc.subject PRICE RISKS
dc.subject PRICE STABILITY
dc.subject PRICE UNCERTAINTY
dc.subject PRICE VOLATILITY
dc.subject PRIMARY MARKETS
dc.subject PRIVATE INVESTMENT
dc.subject PRIVATE INVESTORS
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC INVESTMENTS
dc.subject RELATIVE PRICES
dc.subject REMITTANCES
dc.subject RESERVES
dc.subject RESOURCE ALLOCATION
dc.subject RESOURCE ECONOMICS
dc.subject RETIREMENT
dc.subject RETURN
dc.subject RISK AVERSION
dc.subject RISK EXPOSURE
dc.subject RISK MANAGEMENT
dc.subject RISK MANAGEMENT STRATEGIES
dc.subject RISK MANAGEMENT TOOL
dc.subject RISK MARKETS
dc.subject RISK SHARING
dc.subject RURAL CREDIT
dc.subject RURAL CREDIT MARKET
dc.subject RURAL FINANCE
dc.subject RURAL FINANCE INSTITUTIONS
dc.subject SAFETY
dc.subject SAFETY NET
dc.subject SAFETY NETS
dc.subject SAVINGS
dc.subject SETTLEMENT
dc.subject SEVERE WEATHER
dc.subject SEVERE WEATHER EVENTS
dc.subject SHORT-TERM INSTRUMENTS
dc.subject SMALL BUSINESSES
dc.subject SOCIAL CONFLICT
dc.subject SOCIAL DEVELOPMENT
dc.subject STATE ENTERPRISES
dc.subject STOCKS
dc.subject SUBSISTENCE FARMERS
dc.subject SUPPLY SIDE
dc.subject TRANSACTION
dc.subject TRANSACTION COSTS
dc.subject TRANSITION ECONOMIES
dc.subject TREATIES
dc.subject WAREHOUSE
dc.subject WAREHOUSE RECEIPT
dc.subject WAREHOUSE RECEIPT SYSTEMS
dc.subject WAREHOUSE RECEIPTS
dc.subject WAREHOUSES
dc.subject WEATHER DERIVATIVES
dc.subject WEATHER INSURANCE
dc.title Policies on Managing Risk in Agricultural Markets en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.crosscuttingsolutionarea Climate Change
okr.date.disclosure 2013-04-10
okr.doctype Publications & Research :: Journal Article
okr.doctype Publications & Research :: Journal Article
okr.docurl http://documents.worldbank.org/curated/en/2004/09/17559751/policies-managing-risk-agricultural-markets
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Social Protection and Labor
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1093/wbro/lkh022
okr.identifier.externaldocumentum 000333037_20130410155445
okr.identifier.internaldocumentum 17559751
okr.identifier.report 76486
okr.journal.nbpages 199-230
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/10/000333037_20130410155445/Rendered/PDF/764860JRN0Mana0Box0374378B00PUBLIC0.pdf en
okr.peerreview Academic Peer Review
okr.topic Social Protections and Labor :: Labor Policies
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Banks and Banking Reform
okr.topic Macroeconomics and Economic Growth :: Climate Change Economics
okr.topic Private Sector Development :: Emerging Markets
okr.unit DECRG: Agriculture & Rural Devt. (DECAR)
okr.volume 19(2)
relation.isAuthorOfPublication ccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isJournalIssueOfPublication 1126ef7f-2523-43af-8cf6-e9d724cc3b8c
relation.isJournalOfPublication 9e5fbe82-492f-4142-8378-17d50245d9de
relation.isJournalVolumeOfPublication 733a2a00-25f3-4a62-b42e-99b6d3765676
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