Increasing Agricultural Resilience through Better Risk Management in Zambia
2018
A proper understanding of the risks faced by the agricultural sector and effective strategies to manage those risks is vital to creating a diversified and resilient economy for sustained growth and
economic transformation. Increasing Agricultural Resilience through Better
Risk Managementin Zambia provides a rigorous analysis of the production, marketing, and enabling environment risks faced by Zambia’s agricultural sector and prioritizes solutions to manage the risks. In terms of the severity and frequency of adverse impacts, the analysis shows that droughts, floods, price volatilities, and
trade restrictionsare the principal risks affecting agriculture in the country. Exposure to the consequences of these and other risks can be effectively limited through
risk managementsystems tailored to the country’s context. Three areas of
risk managementare found to warrant priority, with significant potential for synergizing actions undertaken across them: Strengthen
early warning systemto detect threats to food security; Develop climate-smart agriculture and increase resilience to climate-related shocks through diversification; and Develop the Zambian Commodity Exchange (ZAMACE) and build a shock-responsive
safety net.
Keywords:
-
Correction
-
Source
-
Cite
-
Save
0
References
0
Citations
NaN
KQI