The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to establish evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. Its goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. It draws on almost 60 years of experience and insights to better prepare the world of tomorrow.
Regarding agriculture: farmers face multiple, often simultaneous, sources of risk – weather, market prices, disease, regulations and more. In view of this, a farmer’s business strategy must comprise some form of risk management. OECD works on risk management in agriculture by advising governments on policies that can empower farmers to manage their own business risks. OECD analysis calls for a holistic approach to risk management that focuses on the interactions between different types of risks, the strategies undertaken by farmers, and the whole set of government policies that impact on risk management.