Risk is an inherent part of farming. And farm risk management is an essential activity that every farmer should consider.
Legal Risk Management: Protecting Your Farm and Family – PowerPoint Presentation (By Shannon Mirus, National Agricultural Law Center): Risk management issues that producers should consider, as well as potential solutions to many of these issues are introduced, with special attention given to negligence and premise liability, the use of business organizations as protection for assets, and issues involved in forming and enforcing contracts. Download this presentation.
The USDA’s Risk Management Agency (RMA) offers valuable information on Farm Risk Planning. RMA also has a New Online Planning Tool to aid farmers and ranchers in focusing on how to protect against down-side risks, as well as how best to take advantage of up-side opportunities in the market.
National Crop Insurance Services offers a free, informative, Four Page Brochure on farm risk planning.
The Ag Risk Education Library from the University of Minnesota offers lots of good information and resources (over 1000 publications!).
The UC Davis Agriculture and Resource Economics Program offers a number of Risk Management Resources for Specialty Crop Producers.
And the UC Davis Small Farm Program offers a number of useful resources related to risk management on their Farm Management Page.
University of Wyoming Cooperative Extension has a free comprehensive publication on Risk and Resilience in Agriculture, and one called Understanding and Assessing Financial Risk. They also have a Production Risk Page with lots of publications on many different aspects of risk management.
Managing Risk With Revenue Insurance is a free publication from Mississippi State University and USDA.
Managing Your Farm’s Financial Risk is a comprehensive 74 page power point presentation from Washington State University.
“Risk Assessment for the Small-Scale Farm“ is a free New England Small Farm Institute Publication.
“Managing Risk: How Risk Tolerant Are You?“ is a free Cornell University Publication (with links to other self-assessment tools).