Report - Risk Management in Brazilian Agriculture

CONTENTS
List of Figures, Tables and Boxes
List of Acronyms
iv
v
Executive Summary 1
Recommendations for Improving Brazil’s Agricultural Risk Management Policies 4
1. Risk Management in Brazil: Overview 5
2. Brazil’s Primary Risk Management Instruments and Policies 11
2.1 Premium Subsidy Program (PSR) 11
2.2 Agricultural Activity Guarantee Program (PROAGRO) 20
2.3 Garantia-Safra 28
2.4 Minimum Price Guarantee Policy 30
3. Agricultural Climate Risk Zoning 32
4. Reinsurance 33
4.1 Reinsurance Market 33
4.2 Rural Insurance Stability Fund 35
5. How Risk Management Instruments Impact Agricultural Activity and Land Use 36
6. International Comparison of Agricultural Risk Management 38
7. Improving Risk Management and Agricultural Efficiency in Brazil 43
Bibliography 45