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Learn more via the APPLIED RISK ANALYTICS series and the application of RightRisk Analytics risk analysis tools at: RightRisk.org/appliedriskanalytics.
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All businesses, even small ones in which relationships may be informal and fluid, can benefit from having a shared sense of structure.
Learn more at: AgHelpWanted.org.
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Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including the Sole Proprietorship.
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APPLIED RISK ANALYTICS available at: RightRisk.org/Analytics
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For more information on the Tenth District agricultural economy via the RightRisk Newsrelease see: RightRisk.org/news.
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Accurate personnel records meet legal, tax, and human resource management needs.
Learn more at: AgHelpWanted.org.
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Risk management strategies: 1. avoid the risk; 2. transfer the risk outside the business; 3. control the risk within the business or 4. accept the risk.
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OPERATORS just starting out in agriculture may be unaware of the many ways inflation can sap the profitability of a business, how to properly quantify its effects or strategies for dealing with it.
The Covid-19 pandemic caused many disruptions, one of the more serious may be inflation. Virtually everyone involved in production agriculture is dealing with the effects of inflation at present. In addition, indications are that it may be with us for a considerable time. Supply chain disruptions and inflation are often interconnected. For example, manufacturing disruptions that have come about due to Covid or other issues, have reduced supply and led to increasing prices.
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Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: RightRisk.org/news.
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