LIVESTOCK RISK PROTECTION (LRP) insurance is designed to help manage livestock market price risk. The Risk Scenario Planning tool can, with a little creativity, be used to analyze expected net revenue under an LRP 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?” See the RSP Guide for this and other examples.

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.

 
A full-color, 250-page book presenting principles, practical examples, legal considerations, and leads to more references in six main chapters: 1. Roles and Responsibilities of an Agricultural Employer, 2. Organizational Planning, 3. Staffing the Farm Business, 4. Supervising Agricultural Work, 5. Managing Employee Performance, 6. Communication and Problem Solving. The companion website, provides supplementary material online, as well as Problem Work Situations: Working With Employees – a series of nine sets of brief vignettes that illustrate approaches to one-on-one communication in problem situations.

See Ag Help Wanted online or to order a copy at: RightRisk.org\AgHelpWanted.

 
RISK NAVIGATOR and associated Strategic Risk Management Process outline a 10-step risk management program. A self-guided Strategic Risk Management 101 course is available on the companion website. In addition, the Risk Navigator tool box offers an extensive risk management library of over 20 risk tools. The tools help to accomplish the planning and analysis needed to complete each step of the Strategic Risk Management Process.

Risk Navigator tools are available for download, free of charge at: RightRisk.org\RiskNavigator.

 
AG SURVIVOR risk simulation is a software tool developed to teach risk concepts and management strategies to agricultural managers in an experiential learning environment. This educational program lets participants test firsthand whether they are better off implementing newly learned risk management tools and strategies, like the Strategic Risk Management Process. . . .

Access the free online risk simulation AG SURVIVOR from RightRisk at: RightRisk.org > Resources.

 
RDFinancial is a risk analysis tool designed to help understand financial statements and how they interact to provide a measure of financial business position and performance. The primary purpose is to provide opportunities to discuss financial analysis in an easy to use and understand format. Online video and audio clips provide an overview of RDFinancial and several examples of how to use RDFinancial to illustrate financial management concepts.

RDFinancial tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at:RightRisk.org > Analytics.

 
PUBLICATIONS available online from RightRisk include: Risk Management Profiles that outline various risks or management decisions faced by example operations and a description of the tools and strategies they use to address the risk. Applied Risk Analytics describe the application of RightRisk Analytics tools to evaluate risk alternatives for example operations. Risk Concepts offer an overview of various organizational structures comparing each across 7 alternative criteria.

RightRisk Online Publications are available free of charge at: RightRisk.org > Resources.

 
MULTI-TEMPORAL RISK ANALYZER can help evaluate agricultural risk management decisions that involve multiple years (up to 20) and include a dimension of risk. Examples include investment decisions, changes in production practices, adding and subtracting enterprises, and other decisions that involve multiple years to come to fruition or a multi-year commitment in order to see a positive economic return.

The Multi-Temporal Risk Analyzer tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at:RightRisk.org > Analytics.

 
RightRisk.org hosts the risk management education products developed by the RightRisk Education Team, including 14 free, online self-study courses, covering a range of topics: from Understanding Risk, to Evaluating Risk Strategies, Record Keeping, Financial Statements, Evaluating Financial Performance, to Risk Scenario Planning. The site also offers links to other online resources, and much, much more . . .

Courses in Risk Management are available free of charge at: RightRisk.org > Courses.

 
MACHINERY costs are a major contributor to total farm production costs. Effective management of machinery cost is essential to maintain profitability in production agriculture. The Machine Risk Calculator is designed to help producers estimate the costs of machinery ownership and operation, as well as assist in assessing the sensitivity of these costs to uncertainty in future input factors.

The Machine Risk Calculator tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at:RightRisk.org > Analytics.

 
RightRisk Analytics is a series of risk analytics tools available for download free of charge. Applications include: the Risk Scenario Planner, Machine Risk Calculator, Forage Risk Analyzer, Enterprise Risk Analyzer, RDFinancial, Multi-Temporal Risk Analysis, and Risk Navigator toolbox. The site also includes online guides, example applications, and more.

RightRisk Analytics include over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics.