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- Managing Risk in Ag Enterprises Has Never Been More Challenging
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THE PAST SEVERAL YEARS have certainly demonstrated just how miserable uncertain events can be with a pandemic in the rear-view mirror; recent natural disasters and adverse weather events; unstable markets, prices and supply chains; challenges to human resources; and many other uncertainties that all contribute to an overall uncertain picture for production agriculture.
Many, or perhaps most, of these events are outside the control of ag managers, how we prepare and subsequently address them is something we can manage. Individuals have four choices when dealing with risk: avoid it, transfer it, control it, or accept the risk. In this sense, risk management is about creating and following strategies to increase the likelihood of positive outcomes, reduce the consequences of negative outcomes, or both.
The RightRisk Team has compiled, authored, and published resources and materials for risk management in agriculture over the last 20 years. The resources available are broad, diverse, and most are available online at no charge to the user. If you are looking for a better way to manage uncertainty in your agricultural enterprises, RightRisk.org might just be worth a stop along the information superhighway. Let’s take a look at what’s available . . .
