2021
DOI: 10.1787/edb6494b-en
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Building the resilience of the United States’ agricultural sector to extreme floods

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“…As insurance take-up widens, other risk management strategies including crop diversification, and adaptation through conversion to water-frugal crops should continue to be part of the sector's portfolio of instruments for long-term resilience. Evidence from countries where recourse to insurance is widespread points to the potential for riskier behaviour at the expense of long-term resilience 53 and hence to the need to take this risk into account when designing insurance support measures.…”
Section: Turkey Invests In Structural and Non-structural Measures To Mitigate And Prevent Drought Risks But Water Policies Need Be Strengmentioning
confidence: 99%
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“…As insurance take-up widens, other risk management strategies including crop diversification, and adaptation through conversion to water-frugal crops should continue to be part of the sector's portfolio of instruments for long-term resilience. Evidence from countries where recourse to insurance is widespread points to the potential for riskier behaviour at the expense of long-term resilience 53 and hence to the need to take this risk into account when designing insurance support measures.…”
Section: Turkey Invests In Structural and Non-structural Measures To Mitigate And Prevent Drought Risks But Water Policies Need Be Strengmentioning
confidence: 99%
“…However, droughts have an outsized impact on the livelihoods of the most vulnerable populationssubsistence farmers and the rural poorgiven their limited capacity to manage risk (UNDP, 2011 [72]). At the 53 Subsidised insurance has been found to weaken incentives to adopt farm-level risk management practices (Schoengold, Ding and Headlee, 2015 [85]), to increase irrigation water withdrawals (Deryugina and Konar, 2017 [86]), and to discourage the long-term farm-level adaptation to changing climate (Annan and Schlenker, 2015 [86], Chen and Dall'Erba, 2018[87] (Ignaciuk, 2015[73]). Innovation and research into drought-tolerant crops are discouraged (Miao, 2020[87]).…”
Section: While the Government Centralises Disaster Response More Could Be Done To Support Onfarm Response Capacities And Encourage Farm Smentioning
confidence: 99%