Any strategy that aims to sustainably manage food price volatility should also seek to improve and stabilize real incomes over the short and long term. Decent employment creation, including as a result of economic diversification, is crucial in this sense. Both income diversification (e.g. any movement towards off-farm employment) and enterprise creation (e.g. engaging in farm- and off-farm business ventures) can help build resilience. However, to optimize their poverty and distributional impacts, policy reforms designed to diversify livelihoods and create more productive and decent employment opportunities for rural people, should also be complemented with adequate social protection interventions.