The magnitude of risks facing Mongolian agriculture has made the sector’sdevelopment extraordinarily volatile over the last 25 years as it underwent decollectivization.Livestock in particular has seen rapid and largely unsustainablerates of growth in terms of numbers of animals and herders, and in so doing hasbecome acutely vulnerable to the severe winter weather events known as dzuds.Periodic droughts and other production risks have also affected the country’smuch smaller crop agriculture, much of which is geared for the production offeeds. And price volatility poses serious systemic risks which affect largeproportions of the rural population. This study was undertaken to assess the systemic risks facing Mongolianagriculture and to identify gaps in current risk management practices within thesector.
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