Rural producers are exposed to various risks in their production, and the variability in the prices of agricultural products has greatly affected their income. In this context, which agricultural price risk management mechanisms can be practiced by rural producers?
In Bangladesh no Agricultural price risk management is followed by the marginal farmers except diversification of products.
Tarik Hossain , it is necessary to change this reality of marginal farmers, since they are at the mercy of the market. There is a need for public price risk management policies specific to this group of producers.
In Bangladesh case, it has been seen that Crop Insurance (CI) has been introduced in 1977 in corporation with the Sadharan Bima Corporation (SBC; is the one and only state-owned non-life insurer in Bangladesh) as a pilot project. But, due to lack of policy support and partnership, expertise and monitoring and methodological problem, this project did not sustain.
Chapter Crop Insurance as Risk Management Strategy in Bangladesh
Good news is that the prospect of micro insurance is improving day by day and many of the private insurance companies are considering it is an option. But strong cooperation is needed.
https://www.yumpu.com/en/document/read/6370778/crop-insurance-as-a-risk-management-strategy-in-bangladesh
In agricultural production in Turkey; production, market, financing,
technology, policy and climatic conditions
there are risks and uncertainties that arise.
Lack of precipitation at the appropriate time for the product,
increase in product prices after product sales,
not having enough labor at the required time,
agricultural tools and equipment in unexpected situations
breakdown, variability in government policies
and similar factors are the conditions that determine the leading risk factors. Price policies are determined by considering these risks.
Mohammod Hossain, thanks for the vintage insurance considerations introduced in Bangladesh.
Yusuf Atilla Denizalp, what are the agricultural price policies in Turkey? Do you have a manuscript that talks about this subject?
Thank you for the considerations.
Contract farming also helps to lock in the prices of agricultural commodities among producers in sub-Saharan Africa.
Eric Abaidoo, thanks for the considerations. If you have a manuscript that talks about this subject and can indicate, I appreciate it.
Check out this manuscript. It gives you a flavor of what contract farming entails. There are also many studies that evaluate the causal relationship between contact farming and rural household livelihoods through its effect of price stabilization.
https://scholar.google.com/scholar?hl=en&as_sdt=0%2C23&q=price+support+and+contract+farming&btnG=#d=gs_qabs&u=%23p%3D2sMWXgbq1dEJ
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