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How do small farms in developing countries manage risk? This paper assesses farm-level agricultural risk management strategies in Brazil, China and Viet Nam. Farmers in developing countries often rely on community strategies such as crop sharing, or deplete their assets and so perpetuate poverty. Policies to promote investment, such as access to credit and insurance, can help smallholders move out of poverty or into the non-farm sector.
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Large farm size, low age profile, high educational level and use of financial leverage are factors in high economic performance of farms, according to this analysis of data from nine OECD countries and regions. The analysis shows significant differences in farm economic performances within countries as well as across countries.
This paper reviews the scientific literature on the impacts of climate change on yield variance and investigates their implications for the demand of crop insurance and effectiveness of different farm strategies and policy measures using crop farm data in Australia, Canada and Spain.
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No untargeted agricultural policy intervention is pro-poor within the rural economy, says this study of farm households in Bangladesh, Ghana, Guatemala, Malawi, Nicaragua and Vietnam using the new Development Policy Evaluation Model (DEVPEM).
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Is agriculture more important than other sources of earned income in reducing poverty? Which government policy actions have contributed most? This study compares socio-economic characteristics of twenty-five countries that have made exceptional progress in reducing poverty.
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A technical note describing the data source and analytical methods used to measure risk exposure at farm level; the stochastic simulation model to analyze farm behaviour and policy performance under risk; and cluster analysis to select representative farms for model calibration.
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More efficient and equitable agricultural policies will require better targeting of income support and, in turn, better information on the income and wealth situation of the agricultural population, according to this study of Canada, the United States and the European Union.
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A focus on reducing market price support is the key to effective agricultural policy reform, says this study of farm reforms in the United States, European Union, Canada, Japan, Korea, Mexico and Switzerland.
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Spain's agricultural insurance system must evolve to allow more competition, differentiate marketable and catastrophic risks and reduce subsidies for marketable lines. Spain should also develop a framework for catastrophic risk and facilitate a wider choice of risk management tools for farmers.
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Farm risk management in Canada is overcrowded with policies and unable to signal layers of risk that farmers should manage themselves. Canada should better define its risk programmes: income stabilization payments should focus on a middle range of risk, while farmers manage normal business risk.
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