It addresses ongoing and future water risks and identifies what complementary role governments may play in that setting. Water risks that farmers face exogenously—which will be denoted as exogenous risks—including those related to climate change and competing water demand on which an individual farmer (and food company) has limited effect. In contrast, endogenous water risks are risks to which an individual fanner (or company) contributes, e.g. nutrient runoffs leading to water pollution or intensive groundwater use leading to aquifer depletion.