Como Melhorar a Produtividade Agrícola no Brasil: O Potencial Inexplorado da Política de Risco de Preços

The document argues that Brazil's agricultural price risk policies are outdated and inefficient, providing only R$ 4 billion in gains despite a R$ 5.4 billion budget in 2013. It finds that farmers would be willing to pay R$ 50 billion for better risk mitigation for soy, sugarcane, corn, and coffee. The authors recommend transitioning from public production acquisitions to subsidizing private market instruments like put options, citing successful shifts in the US and Europe and a specific program in São Paulo.

• Current price risk mitigation policies in Brazil are insufficient and inefficient. While the federal budget for these policies totaled R$ 5.4 billion in 2013, the actual gains for farmers were only R$ 4 billion, representing approximately 8% of the total production value.
• There is a significant unmet demand for price risk protection among Brazilian farmers. For the four most commercially relevant crops—soy, sugarcane, corn, and coffee—farmers would be willing to pay approximately R$ 50 billion (26% of total production value) to avoid price risk.
• The inefficiency of Brazil's current policies is attributed to their origin in the 1960s, when they were designed to prevent extreme risks like hunger and poverty rather than managing price volatility. The document suggests that small farmers, who are most vulnerable to price risk, would benefit most from improved policies such as insurance.
• The report recommends that Brazil shift away from public acquisitions of production, which create market inefficiency and high public spending, and instead move toward market-based instruments. It suggests the government incentivize private market put options through subsidies, similar to a program implemented in the state of São Paulo since 2011.

APA

Assunção, J., Gandour, C., & Hemsley, P. (2015). Como Melhorar a Produtividade Agrícola no Brasil: O Potencial Inexplorado da Política de Risco de Preços. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2015/02/ES_Como-melhorar-a-produtividade-agricola-no-Brasil_Final.pdf

Chicago

Assunção, Juliano, Clarissa Gandour, and Pedro Hemsley. Como Melhorar a Produtividade Agrícola no Brasil: O Potencial Inexplorado da Política de Risco de Preços. Climate Policy Initiative, 2015. https://www.climatepolicyinitiative.org/wp-content/uploads/2015/02/ES_Como-melhorar-a-produtividade-agricola-no-Brasil_Final.pdf.

Wikipedia

{{cite report |last1=Assunção |first1=Juliano |last2=Gandour |first2=Clarissa |last3=Hemsley |first3=Pedro |title=Como Melhorar a Produtividade Agrícola no Brasil: O Potencial Inexplorado da Política de Risco de Preços |publisher=Climate Policy Initiative |date=January 2015 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2015/02/ES_Como-melhorar-a-produtividade-agricola-no-Brasil_Final.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{assuno2015como, author = {Assunção, Juliano and Gandour, Clarissa and Hemsley, Pedro}, title = {{Como Melhorar a Produtividade Agrícola no Brasil: O Potencial Inexplorado da Política de Risco de Preços}}, institution = {Climate Policy Initiative}, year = {2015}, month = jan, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2015/02/ES_Como-melhorar-a-produtividade-agricola-no-Brasil_Final.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }