Reducing Risk and Vulnerability

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Abstract:

Managing risks and reducing vulnerabilities are essential elements in sustainable propoor growth through agriculture, perhaps the riskiest sector in the economy, not only subject to the price risks facing many sectors but also highly dependent on nature, leaving it vulnerable to droughts, floods and pests. The risks vary in their nature and impact across the different rural worlds. Volatile international markets directly affect Rural World 1 producers and ultimately their need to employ workers from Rural Worlds 3 and 4. Generic risks such as weather conditions can position agricultural households in Rural Worlds 2 and 3 either above or below the thresholds of profit and food security.

Document Type: Review Article

Publication date: February 1, 2007

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