Ag in Uncertain Times

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AG in Uncertain Times uses current technologies to assemble panels of speakers addressing major risk topic areas. The team utilizes evolving and recently available technologies to optimize the impact and reach of AIUT programming efforts. Starting in 2009, 30 English and 5 Spanish webinars featuring 133 individual presentations have been offered by a roster of nationally-recognized speakers. Recordings, podcasts (MP3), handouts, links and much more for every program offered are available on the site at no charge.

LEARN MORE or view materials at the Ag in Uncertain Times website: AgInUncertainTimes.FarmManagement.org.

Forage Risk Analyzer via RightRisk Analytics

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THE Forage Risk Analyzer tool was developed to help the livestock owner and the land owner understand all the contributions each of them have made to their livestock grazing lease arrangement. It can be used to help design a fair and equitable lease between two parties. It can also be used by a single party to better understand the full set of components that contribute value to their forage resource.

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

Farm Financial Outlook Improves: Federal Reserve – Bank of Kansas City Ag Credit Survey

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The outlook for agricultural credit conditions in the Tenth District improved in the third quarter alongside increases in commodity prices and the announcement of additional government aid. After dropping sharply in the second quarter due to disruptions associated with the COVID-19 pandemic, the prices of most agricultural commodities began to recover in the summer months. . .

Click here to learn more…

¿Cuáles son los reglamentos Estado Unidenses para el trabajo de menores en agricultura?

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Many farmers, ranchers, and other agricultural producers often hire YOUTH to perform labor or services in return for wages or other remuneration. The federal child labor provisions, authorized by the Fair Labor Standards Act (FLSA) of 1938, also known as the child labor laws, were enacted to ensure that when young people work, the work is safe and does not jeopardize their health, well-being, nor educational opportunities. The FLSA establishes minimum ages for covered employment in agriculture, unless a specific exemption applies.
     Learn more via the 4-page, 4-color Ag Help Wanted UPDATE: ¿Cuáles son los reglamentos Estado Unidenses para el trabajo de menores en agricultura?

Ag Help Wanted updates are available for download at: AgHelpWanted.org\Updates.

Risk Scenario Planning with RightRisk Analytics

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THE Risk Scenario Planning tool provides a template for decision-makers to enter the financial effects of making proposed change(s) to their operation. It then adds the ability for the decision-maker to further refine estimates for input values as uncertain numbers. This produces a more robust analysis of the proposed change and a more thorough understanding of the possible outcomes if the change is implemented.

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

RURAL TAX.org

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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.

What Are Risk Controls?

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RISK is uncertainty that matters. Future events are unknown to us due to two, separate and distinct factors: variability and uncertainty.

Variability means alternatives or different outcomes in the future purely due to the effects of chance. Uncertainty refers to our lack of knowledge about the future. One of the biggest hurdles to good decision making is the separation of 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, see: RightRisk.org\controls.

¿Qué es un Formulario I-9 y quién lo necesita?

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EMPLOYERS must complete a Form I-9 for each person they hire to perform labor or services in the United States in return for wages or other remuneration. Employers use “Form I-9”, officially the Employment Eligibility Verification form, to verify the identity and legal authorization to work of all paid employees in the United States. The Form I-9 is not required for unpaid volunteers or for contractors.

Learn more via the recently completed 4-page, 4-color Ag Help Wanted UPDATE: ¿Qué es un Formulario I-9 y quién lo necesita?

Ag Help Wanted updates are available for download at: AgHelpWanted.org/updates.

Evaluating Pasture, Rangeland, Forage – Rainfall Index Coverage

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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.