Income risk management in agriculture Various risks affect the income and the welfare of farm households. A large number of strategies are available to deal specifically with income risk. They exist against a general background of widespread government intervention that modifies the risks faced by farmers. In the context of agricultural policy reform a challenge for policy makers is to better define the role of public policy versus market based mechanisms to deal with income risk in agriculture. The OECD workshop examined the various strategies used by farm households in particular those attracting renewed interest such as diver