Title: World experiences of agricultural risk management

Authors: João Batista Ferreira; Adedayo Olufemi Adekunle; Baraa Al-Hilali; Nadeem Juman Shah Syed; Luiz Gonzaga Castro Junior; Syden Reach

Addresses: Department of Management, Cerrado University do Center Patrocínio – UNICERP, Patrocínio, 38742262, Brazil ' University of Ilorin, Ilorin, 240003, Nigeria ' University of Samarra, Samarra, Iraq ' University of Sindh, Jamshoro, Pakistan ' Federal University of Lavras – UFLA/MG, Lavras, Brazil ' Royal University of Agriculture, Phnom, Cambodia

Abstract: This paper aims to describe the main strategies, programs, and public policies for agricultural risk management. It is descriptive research, qualitative meta-synthesis, and systematic review to seek relevant information about the thematic. The results showed that having sufficient resources for the production process without the need to resort to bank financing is a strategy adopted by producers. Insurance is essential for risk mitigation; and agricultural derivatives play an important role in risk management involving the marketing of products, either in the purchase of inputs or in the sale of production. Public policy is essential for farmers, especially low-income and limited knowledge farmers, to have access to risk-mitigating instruments. The dissemination of knowledge about agricultural derivatives too is important. However, developing the practical use of agricultural derivatives is still a matter to be worked on.

Keywords: market risk; production risk; risks of the business environment; hedge; futures market; options market; insurance.

DOI: 10.1504/IJRAM.2022.130527

International Journal of Risk Assessment and Management, 2022 Vol.25 No.3/4, pp.236 - 257

Accepted: 19 Jan 2022
Published online: 26 Apr 2023 *

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