Agricultural risk modelling to improve market information systems in developing countries

Abstract

Agricultural risk modelling can be incorporated into market information systems to provide additional information to farmers, traders, donors, and policy makers in developing countries for better agricultural risk management. The experience gained from developing agricultural risk models for the crop insurance sectors of the United States and China allows AIR to describe the model components and data sources needed for the development of similar models for other regions. This paper discusses examples of situations in which agricultural risk modelling can improve the market information provided to farmers and other stakeholders in developing countries.