Global trends in risk management support of agriculture

The aim of this paper is to make an international comparison of risk management policies in OECD countries as well as in selected emerging economies. The results are based on the data from OECD Producer Support Estimates Database and General Services Support Estimates Database, a study of agricultural insurance schemes carried out by the European Commission and an overview of risk-related policy measures formulated by the OECD. The results indicate that all OECD countries have the price stabilizing support for at least some commodities. Although the share of market price support in the producer support estimates has been decreasing for a long time, it still remains an important component in most countries around the world. The analysis also revealed the pilot experiences with index based insurance in developing countries whose economy is considerably dependent on agriculture.