Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens

Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling en...

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Main Author: World Bank
Format: Report
Language:English
Published: Washington, DC 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/en/099110103302268898/P1729410f83deb00c0adc40fa4cea21d33b
http://hdl.handle.net/10986/37303
id okr-10986-37303
recordtype oai_dc
spelling okr-10986-373032022-06-10T19:43:21Z Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens World Bank AGRICULTURE AGRIFOOD SYSTEM RISKS AGRICULTURAL RISK MANAGEMENT FRAMEWORK FOOD SECURITY FOOD CROPS REGIONAL FOOD SYSTEM COLLABORATION Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling environments to understand their total sectoral impacts and to prioritize them. Prioritizing risks improves targeting of risk management measures so that scarce resources can be allocated where they have the most impact. It also helps identify how to align other agriculture, environment, and social protection policies to manage existing risks. These risks are usually identified and managed at national levels, and the three key types are production risks, market risks, and enabling environment risks. This report focuses on how West African countries can benefit from collaboration in managing agrifood system risks and on the resulting need to adapt a regional lens to the ARM framework. Since both crop-specific growing areas and the risks they face often span national borders, there are substantial advantages that can be gained by stronger collaboration. There is a need to build layered approaches to manage risk that combine risk-mitigating, risk-transfer, and risk-coping instruments. These risk management approaches are needed within countries, with regional approaches building on national efforts. This report provides a foundational analysis to begin identifying needed actions for West African countries and at regional levels. 2022-04-13T20:07:39Z 2022-04-13T20:07:39Z 2020-12-31 Report http://documents.worldbank.org/curated/en/099110103302268898/P1729410f83deb00c0adc40fa4cea21d33b http://hdl.handle.net/10986/37303 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Report Publications & Research Africa Africa Western and Central (AFW)
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic AGRICULTURE
AGRIFOOD SYSTEM RISKS
AGRICULTURAL RISK MANAGEMENT FRAMEWORK
FOOD SECURITY
FOOD CROPS
REGIONAL FOOD SYSTEM COLLABORATION
spellingShingle AGRICULTURE
AGRIFOOD SYSTEM RISKS
AGRICULTURAL RISK MANAGEMENT FRAMEWORK
FOOD SECURITY
FOOD CROPS
REGIONAL FOOD SYSTEM COLLABORATION
World Bank
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
geographic_facet Africa
Africa Western and Central (AFW)
description Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling environments to understand their total sectoral impacts and to prioritize them. Prioritizing risks improves targeting of risk management measures so that scarce resources can be allocated where they have the most impact. It also helps identify how to align other agriculture, environment, and social protection policies to manage existing risks. These risks are usually identified and managed at national levels, and the three key types are production risks, market risks, and enabling environment risks. This report focuses on how West African countries can benefit from collaboration in managing agrifood system risks and on the resulting need to adapt a regional lens to the ARM framework. Since both crop-specific growing areas and the risks they face often span national borders, there are substantial advantages that can be gained by stronger collaboration. There is a need to build layered approaches to manage risk that combine risk-mitigating, risk-transfer, and risk-coping instruments. These risk management approaches are needed within countries, with regional approaches building on national efforts. This report provides a foundational analysis to begin identifying needed actions for West African countries and at regional levels.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
title_short Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
title_full Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
title_fullStr Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
title_full_unstemmed Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
title_sort regional risks to agriculture in west africa : agricultural risk impacts, management measures, and financing mechanisms through a regional lens
publisher Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/099110103302268898/P1729410f83deb00c0adc40fa4cea21d33b
http://hdl.handle.net/10986/37303
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