Risk management for the farm business: types of risk

An overview of the types of risk which can affect the farm business.

Year of Publication2009

The farm business has to cope increasingly with considerable changes and complex rules which present many risks and uncertainties. Carefully structured risk management strategies can enable business returns to be closer to expectations thus increasing the value of the farm business. Awareness of types of risk, analysing the farm’s business performance and reviewing the farm business plan, contribute to the first stages of developing a risk management strategy.

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This is a brief summary of an item in the OpenFields Library. This free online library contains items of interest to practitioners and researchers in the agricultural and landbased industries.