RightRisk is an innovative risk research and education effort to help farmers and ranchers understand and explore risk management decisions and evaluate the effects of those decisions. RightRisk.org hosts the risk management education products developed by the RightRisk Education Team. Information on the site includes: 14 free, online self-study courses, monthly newsletters, risk simulations, risk analytics tools, recorded presentations/webinars, publications, links to other online resources, and much, much more . . .

Access the free online risk management materials from RightRisk at: RightRisk.org.

 
Tax issues are important for agricultural operations because income and self-employment taxes are a major cost and also because more and more USDA programs are linked to a producer’s federal income tax return.

Learn more about taxes and implications for agricultural businesses at: RuralTax.org/library.

 
Risk Management Profiles outline working agricultural situations where the managers have encountered challenges managing risk. Over 20 profiles describe agricultural settings offering an array of different risks, crop and livestock enterprises, and the challenges faced. Scenarios describe how the peopled involved worked through the situation, as well as the tools they considered to address the problems at hand.

The 4-page RISK MANAGEMENT PROFILES are available for viewing and download at: https://RightRisk.org/RiskManagementProfiles.

 
Evaluating risk management alternatives can be challenging, especially without the right tools. The RightRisk Team has been working for nearly 20 years to develop the right tools to assist managers of agricultural operations to make the best decisions, even when the information at hand is incomplete or difficult to interpret. Each tool includes a written guide to help get started. Some have dedicated online courses or videos outlining their use and application. This online presentation will explore the tools currently available and the general approach followed for each.

Access the presentation at: RightRisk.org\presentations (22 mins.)

RightRisk Analytics is a toolbox filled with over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.

 
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. External information sources can provide pricing information on various types of arrangements. However, these estimates often do not accurately reflect the true value of the forage for individuals on either side of a potential lease.

Learn more via the APPLIED RISK ANALYTICS series, covering the application of RightRisk Analytics risk analysis tools, available for download at: RightRisk.org/appliedriskanalytics.

 
PASTURE, RANGELAND, FORAGE – Rainfall Index coverage (RI-PRF) is designed to offer protection against revenue losses resulting from decreased forage production, using a rainfall index to indicate low precipitation levels. The Risk Scenario Planning tool from RightRisk.org can, with a little creativity, be used to analyze expected net revenue under an RI-PRF policy. The resulting cumulative distribution graph provides the probability of earning a net return at or below any certain value. With this information in hand we can begin to answer questions like: “How effective is this coverage?” or “How often would it pay?”

For examples using the Risk Scenario Planning tool see Applied Risk Analytics “Evaluating Pasture, Rangeland, Forage – Rainfall Index Coverage” at: RightRisk.org\AppliedRiskAnalytics

The Risk Scenario Planning tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics.

The Enterprise Risk Analyzer is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics. RightRisk.org\Analytics.

 
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. Some expenses, such as fuel, repair, and other general costs are fairly easy to quantify; calculating individual expenses for a given machine and field activity is more difficult.

Learn more via the APPLIED RISK ANALYTICS series, covering the application of RightRisk Analytics risk analysis tools, available for download at: RightRisk.org/appliedriskanalytics.

 
HAVE you ever tried to estimate your cost of production for enterprises on your farm/ranch? It can be a daunting challenge. The Enterprise Risk Analyzer (ERA) tool can help evaluate farm/ranch enterprise performance, beginning with just an IRS Schedule F.

ERA analysis includes whole farm/ranch net return, enterprise net return, break-even prices, and breakeven yields. ERA also provides risk estimates based on user projections for commodity prices and yields. Providing probability estimates for earning a given level of net income, a break-even price, or a given break-even yield.

The Enterprise Risk Analyzer is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics. RightRisk.org\Analytics.

 
The Feasibility of Alternative Rural Enterprises course is a two-hour internet-based course covering 1) Agricultural and Rural Enterprises, 2) Selecting and Planning for Alternative Enterprise, and 3) Assessing Risks. Also included are a glossary, resource links for further research, and many other features…

The Enterprise Feasibility course is available free of charge at RightRisk.org > Courses.

 
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 from RightRisk.org can help estimate rates for custom field operations and individual machinery costs. The tool will also estimate the risk sensitivity of those costs to changes in various factors. For examples using the tool see Applied Risk Analytics “Estimating Custom Rates and Machinery Costs” at: RightRisk.org\AppliedRiskAnalytics.

The Machine Risk Calculator is a toolbox filled with over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.