- Useful risk management tools in one place
- Selenium soils plus plants that uptake the element can equal livestock health problems
Author Archives: hewlett@uwyo.edu
RR Webinar – Enterprise Risk Analysis
Tuesday – August 29th
Start Time is 10A Mountain Time
9:00A Pacific – 10:00A Mountain – 11:00A Central – 12:00P Eastern
NO registration required
Log in to the webinar room 10 minutes prior at: https://connect.extension.iastate.edu/RightRisk
Enterprise risk is variability or uncertainty that arises at the enterprise level of management. At this level of management, most operators are focused on the implications of decisions made for a single enterprise or commodity, rather than the whole farm or ranch. Many, if not most, day-to-day management decisions are about the details of enterprise management.
Join us to learn more about the management of enterprise risk, a process to assist with risk identification right through to implementing treatment. Along the way learn about RightRisk Analytics tools for risk analysis, how to evaluate treatment effectiveness and the success of your risk management strategy.
Bought to you by:
USDA Risk Management Agency
and The RightRisk Team
RightRisk News- August 2017
- Making Sense of Depreciation
- Highlighted Tool: Multi-Temporal Risk Analyzer
To subscribe/unsubscribe, send email to information@RightRisk.org with subject line “Subscribe/Unsubscribe RightRisk News”
B&B- July, 2017
RightRisk News- July 2017
- Evaluating Risk Management Strategies
- Highlighted Course: Feasibility of Alternative Rural Enterprises
To subscribe/unsubscribe, send email to information@RightRisk.org with subject line “Subscribe/Unsubscribe RightRisk News”
B&B- June, 2017
RightRisk News- June 2017
- Mentoring Relationships: Helping the Next Generation Shoulder The Load
- Annual Forage Insurance Plan
Signup Deadline Approaches
To subscribe/unsubscribe, send email to information@RightRisk.org with subject line “Subscribe/Unsubscribe RightRisk News”
B&B- May, 2017
Evaluating Lease Arrangements
Leasing or renting pasture or forage is commonplace for many livestock producers across the West and is often an integral part of an operation. While there are many types of arrangements used, establishing a fair and equitable agreement for both parties involved can be a challenge at times. The Forage Risk Analyzer (FRA) tool, from RightRisk.org, is a spreadsheet-based tool designed to help a single or multiple parties (up to six) understand the full value of everything involved in a potential lease and formulate a more fair and equitable agreement. The tool divides contributions into six resource categories including: land, livestock, housing, stored feed, labor, and machinery. The user can allocate estimated costs and returns for up to six lease participants, after entering the basic information into the tool; the tool generates an allocation summary and performs net return and risk analysis based on the information submitted.
Estimating Custom Rates and Machinery Costs
Machinery and equipment is often one of the largest expense categories for a farm or ranch operation. Many producers do not know their machinery and equipment cost for a given activity.The Machine Risk Calculator (MRC) from RightRisk.org can help producers estimate rates for custom filed operations and individual machinery costs. The tool will also estimate the risk sensitivity of those costs to changes in various factors. The MRC uses a comprehensive list of related expenses to calculate an overall cost, including expected life (years), repairs, depreciation, housing, insurance, taxes, and annual use (hours).
