Agriculture Risk Financing in Southern Africa

This policy note is provided as an output under the World Bank’s Regional Advisory Service for Southern Africa, ‘Developing a Regional Risk Financing Framework for Agriculture and Food Security’. A key objective of this advisory service is to infor...

Full description

Bibliographic Details
Main Authors:	Lung, Felix, Stefan, Cristina
Format:	Policy Note
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	AGRICULTURE WEATHER RISK COMMODITY RISK PESTS AGRICULTURAL RISK FINANCE DISASTER FUND STRATEGIC FOOD RESERVE SAFETY NETS CONTINGENT CREDIT AGRICULTURAL INSURANCE WEATHER DERIVATIVES REGIONAL INITIATIVES SADC
Online Access:	http://documents.worldbank.org/curated/en/929401593062867051/Policy-Note-Agriculture-Risk-Financing-in-Southern-Africa http://hdl.handle.net/10986/34314

id	okr-10986-34314
recordtype	oai_dc
spelling	okr-10986-343142021-05-25T09:57:58Z Agriculture Risk Financing in Southern Africa Lung, Felix Stefan, Cristina AGRICULTURE WEATHER RISK COMMODITY RISK PESTS AGRICULTURAL RISK FINANCE DISASTER FUND STRATEGIC FOOD RESERVE SAFETY NETS CONTINGENT CREDIT AGRICULTURAL INSURANCE WEATHER DERIVATIVES REGIONAL INITIATIVES SADC This policy note is provided as an output under the World Bank’s Regional Advisory Service for Southern Africa, ‘Developing a Regional Risk Financing Framework for Agriculture and Food Security’. A key objective of this advisory service is to inform the public sector in Southern Africa on improvements to agriculture and food security risk financing policies and programs. The note is an output under component two of the project, which aims to identify agriculture risk financing policy options. The note aims to take stock of selected key financial risks affecting the agriculture sector in the Southern Africa Development Community (SADC) region and provide options to build financial resilience. Weather risks, price volatility, and pests and diseases are among the most important shocks affecting agricultural producers in the region, frequently with severe consequences for food security. This note gives (i) an overview of their regional impact in terms of economic and financial cost, as well as effects on food security; (ii) describes the status quo of use of agriculture risk financing instruments by countries in the region; and (iii) derives policy recommendations to further improve financial resilience to agricultural shocks using agriculture risk financing instruments. It should be noted that risk financing instruments are only one part of a comprehensive agriculture risk management approach. Other complementary agriculture risk management mechanisms and approaches, such as the development of commodity exchanges, agriculture trade policy, or warehouse receipt systems, are not the focus of this note. 2020-08-10T20:12:39Z 2020-08-10T20:12:39Z 2020-06-23 Policy Note http://documents.worldbank.org/curated/en/929401593062867051/Policy-Note-Agriculture-Risk-Financing-in-Southern-Africa http://hdl.handle.net/10986/34314 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note Africa Southern Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AGRICULTURE WEATHER RISK COMMODITY RISK PESTS AGRICULTURAL RISK FINANCE DISASTER FUND STRATEGIC FOOD RESERVE SAFETY NETS CONTINGENT CREDIT AGRICULTURAL INSURANCE WEATHER DERIVATIVES REGIONAL INITIATIVES SADC
spellingShingle	AGRICULTURE WEATHER RISK COMMODITY RISK PESTS AGRICULTURAL RISK FINANCE DISASTER FUND STRATEGIC FOOD RESERVE SAFETY NETS CONTINGENT CREDIT AGRICULTURAL INSURANCE WEATHER DERIVATIVES REGIONAL INITIATIVES SADC Lung, Felix Stefan, Cristina Agriculture Risk Financing in Southern Africa
geographic_facet	Africa Southern Africa
description	This policy note is provided as an output under the World Bank’s Regional Advisory Service for Southern Africa, ‘Developing a Regional Risk Financing Framework for Agriculture and Food Security’. A key objective of this advisory service is to inform the public sector in Southern Africa on improvements to agriculture and food security risk financing policies and programs. The note is an output under component two of the project, which aims to identify agriculture risk financing policy options. The note aims to take stock of selected key financial risks affecting the agriculture sector in the Southern Africa Development Community (SADC) region and provide options to build financial resilience. Weather risks, price volatility, and pests and diseases are among the most important shocks affecting agricultural producers in the region, frequently with severe consequences for food security. This note gives (i) an overview of their regional impact in terms of economic and financial cost, as well as effects on food security; (ii) describes the status quo of use of agriculture risk financing instruments by countries in the region; and (iii) derives policy recommendations to further improve financial resilience to agricultural shocks using agriculture risk financing instruments. It should be noted that risk financing instruments are only one part of a comprehensive agriculture risk management approach. Other complementary agriculture risk management mechanisms and approaches, such as the development of commodity exchanges, agriculture trade policy, or warehouse receipt systems, are not the focus of this note.
format	Policy Note
author	Lung, Felix Stefan, Cristina
author_facet	Lung, Felix Stefan, Cristina
author_sort	Lung, Felix
title	Agriculture Risk Financing in Southern Africa
title_short	Agriculture Risk Financing in Southern Africa
title_full	Agriculture Risk Financing in Southern Africa
title_fullStr	Agriculture Risk Financing in Southern Africa
title_full_unstemmed	Agriculture Risk Financing in Southern Africa
title_sort	agriculture risk financing in southern africa
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/929401593062867051/Policy-Note-Agriculture-Risk-Financing-in-Southern-Africa http://hdl.handle.net/10986/34314
_version_	1764480637867130880

Agriculture Risk Financing in Southern Africa

Similar Items