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Risk Management in Agriculture in Australia

Author

Listed:
  • Shingo Kimura

    (OECD)

  • Jesús Antón

    (OECD)

Abstract

This report analyzes the agricultural risk management system in Australia, 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 main focus of risk management policy in Australia is drought risk and this paper assesses the objective and instruments of the country.s national drought policy framework.

Suggested Citation

  • Shingo Kimura & Jesús Antón, 2011. "Risk Management in Agriculture in Australia," OECD Food, Agriculture and Fisheries Papers 39, OECD Publishing.
    • Handle: RePEc:oec:agraaa:39-en
    DOI: 10.1787/5kgj0d8bj3d1-en
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    File URL: https://doi.org/10.1787/5kgj0d8bj3d1-en
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    Citations

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    Cited by:

    1. Tangermann, Stefan, 2011. "Risk Management in Agriculture and the Future of the EU's Common Agricultural Policy," National Policies, Trade and Sustainable Development 320171, International Centre for Trade and Sustainable Development (ICTSD).
    2. Vilhelm, V. & Špička, J. & Valder, A., 2015. "Public Support of Agricultural Risk Management – Situation and Prospects," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(2), pages 1-10, June.
    3. Rebecca Darbyshire & Jason Crean & Michael Cashen & Muhuddin Rajin Anwar & Kim M Broadfoot & Marja Simpson & David H Cobon & Christa Pudmenzky & Louis Kouadio & Shreevatsa Kodur, 2020. "Insights into the value of seasonal climate forecasts to agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1034-1058, October.
    4. Lusheng Shao & Derui Wang & Xiaole Wu, 2022. "Competitive trading in forward and spot markets under yield uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 31(9), pages 3400-3418, September.
    5. Soliwoda, Michał & Kulawik, Jacek & Góral, Justyna, 2016. "Stabilizacja dochodów rolniczych. Perspektywa międzynarodowa, Unii Europejskiej i Polski," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 3(172), January.
    6. Nazrul Islam & Vilaphonh Xayavong & Ross Kingwell, 2014. "Broadacre farm productivity and profitability in south-western Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(2), pages 147-170, April.
    7. Sosheel S. Godfrey & Thomas Nordblom & Ryan H. L. Ip & Susan Robertson & Timothy Hutchings & Karl Behrendt, 2021. "Drought Shocks and Gearing Impacts on the Profitability of Sheep Farming," Agriculture, MDPI, vol. 11(4), pages 1-19, April.
    8. Mosadegh Sedghy, Bahareh & Tamini, Lota Dabio & Lambert, Remy, 2018. "Effects of Price Insurance Programs on Supply Response: A Case Study of Corn Farmers in Quebec," MPRA Paper 93816, University Library of Munich, Germany, revised 30 Nov 2018.

    More about this item

    Keywords

    agricultural policy; bio-security; catastrophic risk; climate change; cost sharing; drought policy; index insurance; risk-management;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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