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Publication | 19 January 2021

Managing agricultural risk through remittances: the case of Senegal

Global Food and Nutrition Security

The Platform for Agricultural Risk Management (PARM)1 and the Financing Facility for Remittances (FFR) commissioned the Red Mangrove Development Advisors (RMDA) to conduct a study aimed at identifying the connection between remittances (or money transfers) and agricultural risks and appropriate approaches for optimizing their use in agricultural risk management. This publication is the executive summary of such study, undertaken in 2017 and presented to the Government of Senegal. The study, which entailed a survey of 600 households in two administrative regions in Senegal, sought to distinguish typical agricultural risk management behaviours in households benefitting from remittances from those of other types of households. During the agricultural risk assessment in Senegal the World Bank Group and the Platform for Agricultural Risk Management identified erratic rainfall and droughts, livestock pest and diseases and illegal fishery as the main risks of agricultural sector.