World Bank2016-02-262016-02-262016-01https://hdl.handle.net/10986/23778In the agricultural sector, risks are inherent and ubiquitous, posing potentially serious consequences for stakeholders and consumers. Risks disrupt supply chains, causing extensive financial and economic losses. Agricultural risks are also the principal cause of transient food insecurity, creating a poverty trap for millions of households across the developing world that enforces a vicious cycle of shock and recovery. Climate change is exacerbating this cycle by shifting the frequency and intensity of weather related risks and increasing uncertainty. Effective agricultural risk management (ARM) is crucial to increasing economic growth, improving food security, and reducing poverty. Although levels of risk vary within and between countries, lower-income and highly agriculture-dependent countries are more vulnerable to agriculture-related risks. In these countries, there is an urgent need to better assess risks, understand the interconnections between different types of risk, and improve agricultural risk management strategies.en-USCC BY 3.0 IGOEMPLOYMENTEARLY WARNING SYSTEMSCATASTROPHIC EVENTSHEALTH RISKRISKSCATASTROPHIC LOSSESRIGHTSECONOMIC GROWTHDISEASE OUTBREAKPRODUCTIONEARLY WARNINGRISK REDUCTIONPOLITICSFARMERINCOMEINTERESTTENTAGRICULTURAL PRODUCTIONSUSTAINABILITYRESOURCE ALLOCATIONPROGRAMSINFORMATIONENTREPRENEURSMONITORINGPOLITICAL ECONOMYWELFAREOUTBREAKSINCENTIVESCONSULTANTSDISASTERFAMINE EARLY WARNING SYSTEMSDAMAGESSITUATION REPORTSASSOCIATIONSINFORMATION SYSTEMSEXTREME WEATHERHURRICANESECONOMIC ANALYSISCROP INSURANCEANIMAL HEALTHPREDICTABILITYHAILSTORMSHEAVY RAINSAVINGSBOVINE SPONGIFORM ENCEPHALOPATHYRELIEFTRAININGINTERNATIONAL AGENCIESFLOODSRESOURCE MOBILIZATIONDEVELOPMENT STRATEGIESDATA QUALITYOUTPUTSEARLY WARNING SYSTEMPRODUCTIVITYINTEREST RATESTRANSFERSMARKETSORGANIZATIONSRATESDISASTERSFIRETUBERCULOSISSTANDARDSLABORFARMERSOUTBREAKRISK SHARINGRESERVESFAMINEINVENTORYFOOD AIDMORTALITYLEGAL FRAMEWORKFINANCEBANKSDISEASE OUTBREAKSINDICATOR OF IMPACTMITIGATION MEASURESTECHNOLOGYREINSURANCEDROUGHTSREGULATIONSEMERGENCYREDUCING POVERTYFOOD SECURITYFRAUDCHEMICALSPOLICIESCLIMATE CHANGEDROUGHTTENTSFOOD RESERVESVALUERISK EVALUATIONCOMPETITIVENESSLOSSESBANKAPPLICATIONSCONTRACTUAL RELATIONSHIPSEXTREME EVENTSCREDITFAMILY LABORTARGET RISKAGRICULTURAL INSURANCESAFETY NETPRICE RISKRISK EXPOSUREDAMAGECONSUMERSORGANIZATIONAL STRUCTUREINSURANCE INDUSTRYWEATHER EVENTOPPORTUNITY COSTSWARNING SYSTEMFLOODMARKET RISKNONGOVERNMENTAL ORGANIZATIONADVERSE CONSEQUENCESRISK TRANSFERMANAGEMENTINSURANCELABOR STANDARDSLOSSAGENTSSECURITYWARINVESTMENTRISKDISEASE SURVEILLANCEMITIGATIONWARNING SYSTEMSCONTRACTINGCRISESLABORERSSUPPLYRISK MANAGEMENT PROCESSCLIMATE CONDITIONSLAWBORROWINGRISK MANAGEMENTLENDINGIMPACT EVENTSCIVIL WAREXTREME WEATHER EVENTSSUPPLIERSCOLLECTIVE ACTIONWEATHER EVENTSTECHNOLOGIESOUTCOMESSAFETYCOVERAGERISK ASSESSMENTSNATURAL HAZARDSPRICESEXTREME WEATHER EVENTRISK ASSESSMENTRISK MITIGATIONRISK ANALYSISCONTAMINATIONWorking PaperWorld Bank10.1596/23778