May 24, 2024
Managing Strategic Risks on Your Farm
by Michael Langemeier, Brady Brewer, and James Mintert
We’ve recorded a series of short podcasts and accompanying videos to help agricultural producers improve their strategic risk management skills. Farms are exposed to strategic risks that are caused by a wide variety of unanticipated shocks to the operating environment ranging from government policy shifts to disease outbreaks. Although it’s not possible to accurately forecast strategic risks, it is possible to position your farm business such that you can successfully navigate the risks that might occur. After listening to this podcast series, you’ll learn more about strategic risk, what you can do to help mitigate your farm’s strategic risk exposure, and how you can position your farm to not only survive but actually thrive in a risky world.
ARTICLES WITHIN PUBLICATION:
Dig into strategic risk management for farm businesses as we discuss what strategic risks are and how to start thinking about your farm’s ability to withstand shocks. This is the first episode in a series focused on helping ag producers learn to manage strategic risks.
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UPCOMING EVENTS
September 16 at 7 pm or September 23 at 9 am
The Flexible Lease virtual Workshop, presented by the Purdue Extension Land Lease Team, will include a presentation and discussion to help you decide if a flexible land lease arrangement is right for your farm.
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