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Managing Risk to Increase Efficiency and Reduce Poverty

H. Alderman

Published 2006 in Unknown venue

ABSTRACT

This report stresses that, recognizing the limited arrangements for traditional risk management, states have various insurance and safety net programs, often at great cost and with modest impacts. Price stabilization scheme can evolve into expensive attempts to determine price levels. But greater understanding of risk and its consequences has helped households manage the inherent variability of agriculture. Indeed, better savings instruments enable households to self-insure. Market reforms and new infrastructure allow governments and private traders to stabilize prices more effectively. And insurers are marketing new products that reduce monitoring costs and market failures. The success of such innovations will increase agriculture's contribution to national economic development and to poverty reduction.

PUBLICATION RECORD

  • Publication year

    2006

  • Venue

    Unknown venue

  • Publication date

    2006-12-01

  • Fields of study

    Agricultural and Food Sciences, Economics

  • Identifiers
    DOI 10.1596/9165
  • External record

    Open on Semantic Scholar

  • Source metadata

    Semantic Scholar

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