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Risk Management in Agriculture in Spain

Author

Listed:
  • Jesús Antón

    (OECD)

  • Shingo Kimura

    (OECD)

Abstract

This report analyses the agricultural risk management system in Spain, 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 Spanish risk management system is dominated by public insurance. Two main policy issues are discussed in this paper. First, the contribution of the insurance system to market efficiency; this comes from the information sharing arrangement in the public private partnership, rather than from the premium subsidies. Second, the insurance system as a device for catastrophic assistance.

Suggested Citation

  • Jesús Antón & Shingo Kimura, 2011. "Risk Management in Agriculture in Spain," OECD Food, Agriculture and Fisheries Papers 43, OECD Publishing.
  • Handle: RePEc:oec:agraaa:43-en
    as

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    File URL: http://dx.doi.org/10.1787/5kgj0d57w0wd-en
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    Cited by:

    1. 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), June.
    2. Czyżewski, Bazyli, 2016. "Political Rents of European Farmers in the Sustainable Development Paradigm. International, national and regional perspective," MPRA Paper 74253, University Library of Munich, Germany.

    More about this item

    Keywords

    agricultural policy; catastrophic risk insurance; information sharing; public-private partnerships; risk-management;

    JEL classification:

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

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