The Increasing Need for Risk Management Strategies

摘要

Risk has always been a part of the agricultural industry. Farming is a business that is undergoing considerable change with complex new rules, higher stakes and increased risks. '"Agricultural production implies an expected outcome or yield. Variability in outcomes poses risks to the farmer's ability to achieve financial goals. The industry needs a deliberate and knowledgeable approach to risk management as a vital ingredient of a strategy for the future. The need is to combine the ability to farm with confidence in a more competitive and changing world, with the ability to deal with and overcome risks whilst being attentive to the potential farm business opportunities that will undoubtedly present themselves.