Teaching farmers and governments of developing countries about risk management and insurance helps them secure their food supply in the face of uncertainties in the international food markets, Julia Compton writes in the Overseas Development Institute blog.
Compton, a senior policy analyst seconded from the U.K. Department for International Development, argues that developing countries should have access to proper hedges if they are to cope with uncertainties in international markets. These uncertainties, she explains, may be caused by unpredictable oil prices and climate change, among other factors.
Food security is a pressing issue in the development community. Devex has reported in the past about Amnesty International's and the World Food Program's warnings of yet another global food crisis. Food security and feeding the world's hungry are also on top of the agendas of various international organizations, including the Hunger Project, which Devex profiled recently.