Three specific aspects of agricultural risk management are addressed 1. Recent developments in price volatility and yield risk 2. The role of policy: - Subsidized crop insurance with examples from the massive US program ($115 billion in liability in 2011) - The 2012 US Farm Bill, which is...

Previous research has ignored the influence of inputs on output risk when assessing the effects of decoupled income-support payments on production decisions. This paper studies the impacts of agricultural policy decoupling on output variability and mean by explicitly considering the influence of...