There are a raft of risks that impact on a farm business. Some of these are under your control, however others cannot be controlled.

Basically, risk management is about:

• Identifying the risks to your business
• Prioritizing the Key Risks
• Plan how risks can be eliminated or managed
• Actively manage the risks
• Review risk management strategies periodically

Typical risks on farm that would be considered:

• Climate (drought, storms, snow, flooding)
• Feed Shortages
• Animal Health
• Market Returns e debt levels