This module contains a general overview of World Bank investment activities in agricultural risk management in addition to information on commodity price risk management; recommendations for future directions for lending; case studies of World Bank operations (specifically in this module Afghanistan, Mongolia, and Tanzania); agricultural insurance; strengthening agricultural markets in conflict-affected areas; and reducing agricultural vulnerability to natural hazards. It is the underlying belief of this publication that public intervention can facilitate better risk management through risk-reducing sectoral development strategies and programs with emphasis on community-based disaster reduction, improved hydro-meteorological alert and information systems, pre-event emergency preparedness and recovery planning, development of financial markets, promotion of market-based price and yield insurance schemes, and ensuring that the poor are able to benefit from these interventions and from participation in emerging systems. Useful guiding principles and recommendations for practitioners, including a checklist for intervention decisions in agriculture and allied sectors is also included.