IDEAS home Printed from https://ideas.repec.org/p/cir/cirwor/2020s-20.html
   My bibliography  Save this paper

Canadian Agriculture and Risk Management Programs in the Context of the COVID-19 Crisis: A Brief Assessment

Author

Listed:
  • Maurice Doyon
  • Alphonse Singbo

Abstract

In the wake of the announcement of numerous federal ad hoc programs to stimulate the economy in response to the COVID-19 crisis, it is worth discussing how the suite of business risk management tools that are part of the Canadian Agricultural Partnership is likely to respond to the negative impacts of the pandemic on Canadian agriculture. We argue for a short term bonification of AgriInvest and AgriStability to face the challenges ahead and to minimize the inefficiencies associated with ad hoc programs. More broadly, our arguments to use a risk management tool for a black swan event instead of ad hoc programs is likely to fuel the debate between risk management and income support.

Suggested Citation

  • Maurice Doyon & Alphonse Singbo, 2020. "Canadian Agriculture and Risk Management Programs in the Context of the COVID-19 Crisis: A Brief Assessment," CIRANO Working Papers 2020s-20, CIRANO.
    • Handle: RePEc:cir:cirwor:2020s-20
    as

    Download full text from publisher

    File URL: https://cirano.qc.ca/files/publications/2020s-20.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pierre Desrochers & Vincent Geloso & Alexandre Moreau, 2018. "Supply management and household poverty in Canada," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(2), pages 231-240, June.
    2. Maurice Doyon, 2011. "Canada's Dairy Supply Management: Comprehensive Review and Outlook for the Future," CIRANO For discussion... 2011dt-01, CIRANO.
    3. Lambert, Remy, 2012. "A Primer on the Economics of Supply Management and Food Supply Chains," Working Papers 125246, Structure and Performance of Agriculture and Agri-products Industry (SPAA).
    4. Peter Slade, 2020. "Business risk management programs under review," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(3), pages 263-270, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard J Vyn & James Rude, 2020. "The Influence of Supply Management on Farmland Values in Ontario," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(4), pages 815-834, December.
    2. Peter Slade, 2021. "The impact of price hedging on subsidized insurance: Evidence from Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(4), pages 447-464, December.
    3. Wainio, John & Dyck, John & Meade, Birgit Gisela Saager & Mitchell, Lorrarine & Zahniser, Steven & Arita, Shawn & Beckman, Jayson F. & Burfisher, Mary E., 2014. "Agriculture in the Trans-Pacific Partnership," Economic Research Report 188429, United States Department of Agriculture, Economic Research Service.
    4. Rakhal Sarker & Truc Phan & Yu Na Lee & Alfons Weersink, 2022. "Business Risk Management Program and risk‐balancing in Ontario hog sector: An empirical analysis," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(4), pages 287-304, December.
    5. Abbassi, Abdessalem & Tamini, Lota D. & Dakhlaoui, Ahlem, 2013. "Production Cost Asymmetry, Minimum Access and Reciprocal Dumping," Working Papers 161214, University of Laval, Center for Research on the Economics of the Environment, Agri-food, Transports and Energy (CREATE).
    6. Alan P. Ker, 2020. "Risk management in Canada's agricultural sector in light of COVID‐19," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(2), pages 251-258, June.
    7. Simone Severini & Cinzia Zinnanti & Valeria Borsellino & Emanuele Schimmenti, 2021. "EU income stabilization tool: potential impacts, financial sustainability and farmer’s risk aversion," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-21, December.
    8. Jacob Wells & Peter Slade, 2021. "The effect of the Canada–China canola trade dispute on canola prices," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(1), pages 141-149, March.

    More about this item

    Keywords

    COVID-19; Business Risk Management; Agricultural Sector; Canada;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cir:cirwor:2020s-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/ciranca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.