Self Learning
The below listed courses are a platform is provided by the World Bank's Agricultural Risk Management Team and hosts a series of agricultural risk management training courses. Courses draw upon the World Bank’s research, case studies and pilot projects in the areas of agricultural risk management.
*Please note that you must first register as a user on the portal to be able to access the courses.
Innovative Market-based Risk Management Framework
This is the introductory course to the program. It lays out a conceptual basis for innovative schemes designed to manage risks associated with rural poor in low income countries. The course introduces participants to a market-based risk management approach for correlated risks affecting the agricultural sector such as weather risk and commodity price risk. The “new conceptual framework” is being developed through the World Bank experience in facilitating the transfer of correlated risks to international markets. The course outlines an effective role for national governments, the World Bank, and other donors in this important domain of risk management, and in particular, with the proposed new conceptual framework. While the framework originates from innovations in agricultural sector it is well suitable for applications within the broader development agenda.
This course can be registerd for at the AgRiskTraining E-learning Portal
Market-based Commodity Price Risk Management
This course reviews the role of commodity price risk in business performance and economic development, offering assessment techniques for this risk, and both physical and financial strategies for managing commodity price risk. The types of risks faced by different participants in the commodity supply chain are explored and the tools necessary to measure price risk are developed. The course explains futures and options contracts and presents international exchange markets. A variety of examples illustrate how futures and options contracts can be used to manage different types of commodity price risk. The course discusses limitations of using market-based instruments and the barriers to hedging in developing countries. The direct use of price risk management instruments by governments directly involved in commodity trading is also discussed .
This course can be registerd for at the AgRiskTraining E-learning Portal
Weather Risk Management for Agriculture
This course identifies the linkages among weather risk, agricultural losses, access to rural finance and rural poverty. It presents methods used by households and communities in managing weather risk, compares traditional versus index-based insurance schemes, and lists the advantages and disadvantages of the different approaches. The course outlines the major steps involved in design and implementation of a weather index insurance program for farmers in low income countries. Finally, it also discusses the opportunities and challenges climate change presents for the future of weather index insurance.
This course can be registerd for at the AgRiskTraining E-learning Portal
Designing Index Based Weather Risk Management Programs
This course provides a step by step guide to develop a weather risk management program. It outlines the data requirements and provides a description of the activities and skills needed by to conduct a weather index insurance program. This course provides the technical foundations that people and organizations need to carry out weather risk assessment and design a weather risk management program. The course has eight modules. Each of these modules can be used as a stand alone module on a particular topic; or as a part of the overall course on weather index insurance risk management. In addition at the end of the course there is an automated contract design tool that can be used by students to design contracts and adjust the parameters in an automated tool.
This course can be registerd for at the AgRiskTraining E-learning Portal
Coffee Price Risk Management
This course has six modules; knowledge of each preceding module is required to ensure comprehension of the next module. This course is intended to be an interactive learning course; it should take students no more then 40 hours to complete. The course begins with a basic background on coffee price fluctuations (volatility) and the risks that coffee price volatility creates for coffee market participants. The course then focuses on ways in which coffee trading businesses can calculate and monitor their risk positions. Methods to mitigate or reduce price risk by hedging positions through physical and/or financial hedging strategies are presented in the subsequent section. The course concludes with a “best practice” guide to effective price risk management and a review of products and services to control exposure to risk.
This course can be registerd for at the AgRiskTraining E-learning Portal
Additional
In addition to the five courses listed above, the Coffee Price Risk Management course and the Designing Index Based Weather Risk Management Programs courses are also available in Spanish. All of the above courses are available either online via www.agrisktraining.org or on CD ROM (available from the Agricultural Risk Management Team (ARMT) at the World Bank).