The ‘Study on risk management in EU agriculture’ provides an analysis of current agricultural risks and risk management instruments. It provides a mapping of relevant risks in EU agriculture. Information on availability and use of risk management instruments was collected in all Member States though consultations with public authorities, farmers’ associations and insurance companies. The final report is complemented by eight case studies: six on specific risk management instruments in selected Member States and two on risk management in agriculture in the United States and Canada. The study finds that European farmers are increasingly exposed to a wide range of risks while the availability of risk management instruments lags behind. Insurance remains the most commonly used instrument, while both availability and uptake of other instruments such as mutual funds and contractual price agreements (including futures) is more limited. There is a need to strengthen capacity to design and implement risk management instruments. The report thus elaborates several recommendations, including that, in order to gain experience on the ground, it should be compulsory for Member States to test different agricultural risk management strategies by allocating a small amount of CAP funds to pilot actions on risk management.