The USDA’s Animal and Plant Health Inspection Service (APHIS) is establishing an National Incident Coordination Center to assist producers affected by meat processing plant closures and pledges to continue to seek solutions to ensure the continuity of operations and return to production as quickly, safely and as health considerations allow at these critical facilities.
Risk is uncertainty that matters. Future events are unknown to us due to two, separate and distinct factors.
Variability means alternatives or different outcomes in the future purely due to the effects of chance. As a result, this type of change or variation in results cannot be reduced by further study or by any type of measurement.
Uncertainty refers to our lack of knowledge about the future. Some refer to uncertainty as ambiguity. This can even represent our lack of clarity about the meaning of current events and what it may imply for future outcomes.
One of the biggest hurdles to good decision making is the separation of variability and uncertainty. Insights into the alternatives available can be gained where the manager is able to sort the unknown future into variability and uncertainty.
Risk management can be generally defined as taking deliberate action to shape the variability of the outcomes, the consequences, or both for any management decision that might be made.This is accomplished by applying one or more risk controls.
A list of common risk controls is available at RightRisk.org, including links to alternatives for managing the five sources of risk: Market, Production, Institutional/Legal, Human, and Financial Risks. For more information, see RightRisk.org > Resources > Risk Controls.
USDA Small Business Administration (SBA) and U.S. Department of Treasury have released an interim final rule on the Business Loan Program and Paycheck Protection Program. These programs are intended to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued by President Trump on March 13, 2020.
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USDA Farm Service Agency (FSA) county offices are open by phone appointment only until further notice, and FSA staff are available to continue helping agricultural producers with program signups, loan servicing and other important actions. Additionally, FSA is relaxing the loan-making process and adding flexibilities for servicing direct and guaranteed loans to provide credit to producers in need.
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Ag legacy is the summation of a lifetime of achievement and the context in which that lifetime will be remembered. A legacy is not just money but a reputation, what was accomplished and the difference a person makes in the world as they pass through – their mark on the universe. More importantly, a legacy is something passed along years after a person leaves the world as we know it. In historical terms, a legacy is something handed down from one generation to the next. Deciding to leave a legacy can provide a road map for the future, embracing the meaning of a life.
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