Comparison of risk management tools under the CAP of the EU, the US Farm Bill and in the Czech agriculture

It is due to its strong dependence on the market and natural factors, such as weather conditions and extreme weather events or livestock diseases, agriculture is characterized by high exposure to risks. It is the reason for the important role of mitigation of their impacts in the framework of agricultural politics of many countries of the world. The presentation analyses the various systems of risk management tools in the agricultural policy of the EU, the US and the Czech Republic. In the US the support of risk management tools such as the crop and income insurance is the most important part of the policy. In the CAP of the EU, the support for agricultural insurance plays only a minor role and this support is usually applied on the national level. It is also the case of the Czech agriculture, which is characterized by the prevalence of large corporate farms. This structure creates the important barrier for reasonable application of the risk management tools under the RDP for the period bewee 2013 and 2020.