Please cite this paper as: Kimura, S. and J. Antón (2011-02-10), “Risk Management in Agriculture in Australia”, OECD Food, Agriculture and Fisheries Papers, No. 39, OECD Publishing, Paris. http://dx.doi.org/10.1787/5kgj0d8bj3d1-en OECD Food, Agriculture and Fisheries Papers No. 39 Risk Management in Agriculture in Australia Shingo Kimura Jesús Antón OECD FOOD, AGRICULTURE AND FISHERIES WORKING PAPERS The working paper series is designed to make available to a wide readership selected studies by OECD staff or by outside consultants and are generally available only in their original language, English or French. The present document has been declassified by the Working Party on Agricultural Policies and Markets of the OECD Committee for Agriculture. Comments on this series are welcome and should be sent to
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[email protected] or by fax 33 1 45 24 99 30. Abstract RISK MANAGEMENT IN AGRICULTURE IN AUSTRALIA by Shingo KIMURA and Jesús ANTÓN* This report analyzes the agricultural risk management system in Australia, 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.