Risk Management in Agriculture in New Zealand
AbstractThis report analyzes the agricultural risk management system in New Zealand, applying a holistic approach that considers the interactions between all sources of risk, farmers’ strategies and policies. The policy analysis is structured around three layers of risk that require a differentiated policy response: normal (frequent) risks that should be retained by the farmer, marketable intermediate risks that can be transferred through market tools, and catastrophic risk that requires government assistance. The risk management policy in New Zealand is focused on prevention of pest and disease incursions. Assistance related to natural catastrophes is delivered within the Adverse Events Framework programme. The government contributes to knowledge and information systems to support private risk management efforts.
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Bibliographic InfoPaper provided by OECD Publishing in its series OECD Food, Agriculture and Fisheries Papers with number 42.
Date of creation: 10 Feb 2011
Date of revision:
agricultural policy; levy organisations; bio-security; risk management; industry good organisations; risk perceptions; co-operatives; adverse events framework;
Find related papers by JEL classification:
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-02-19 (Agricultural Economics)
- NEP-ALL-2011-02-19 (All new papers)
- NEP-CIS-2011-02-19 (Confederation of Independent States)
- NEP-RMG-2011-02-19 (Risk Management)
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