Agricultural insurance in Latin America: taking root
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Agricultural insurance is one of a number of risk management strategies used to confront the perils of agricultural production. It helps manage risks in the agricultural food value chain, stabilize farming income and promote investment in agriculture. In Latin America, agricultural insurance systems include formal and informal risk sharing and transfer arrangements, private insurance and post-disaster government relief. They span the spectrum of predominantly market-based systems where private insurers compete for business, to more state-directed programs.