Research report (International Food Policy Research Institute)

Extract: The International Food Policy Research Institute has carried on a research program dealing with various aspects of food security. This Research Report reflects partof this work. It suggests an approach based on insurance principles, by which the international community can contribute to the food security of food deficit developing countries without having to create large buffer stocks and stabilize world grain prices. The objective of such a schemewould be to permit developing countries to stabilize cereal consumption at a relatively stable cost.