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risk
Total risk can be divided into two major categories: business risk and financial risk. Business risk involves the variability of the farm’s return to assets. Business risk arises from variability in production levels (e.g., yield variability), output prices (e.g., corn price variability), and input prices (e.g., fertilizer price variability), as well as changes in legal aspects of the business and personnel.
Read MoreRisk dominates the farming sector, and most farmers try to reduce or manage/mitigate the risks they take. Risk is perceived by most to be “bad” – – something to be avoided.
Read MoreThis series of articles will provide an introduction to risk and uncertainty, and discuss tools and strategies that can be used to mitigate risk and uncertainty.
Read MoreMost people working in agriculture are in the business of commodity. And in the long run, in a commodity business, there is one absolute key to success. It’s pretty straightforward: be a low-cost producer. It can be difficult to make it happen, but necessary, especially in today’s volatile financial climate.
Read MoreMost people working in agriculture are in the business of commodities. And in the long run, in a commodity business, it’s crucial to be a low-cost producer. Here are some practical ways that you can start lowering your costs today.
Read MoreFarm businesses are facing increasing complexity and uncertainty in today’s turbulent business climate. Farms continue to be family based businesses and are modest size compared too much of the industrial sector, but an increasing number of farms are becoming multi-million dollar gross sales businesses with a sizeable work-force and rapidly increasing financial capital and land resources.
Read MoreThe point of scenario analysis is not to predict how the future will unfold, but rather to consider different scenarios that might occur and what the economic environment might look like in these scenarios. Participants then use these situations to consider what strategies their businesses might use were these situations to occur.
Read MoreContinued consolidation and concentration in the agricultural industries has stimulated numerous discussions and debates about the advantages and disadvantages of large vs. small firms and why the general trend/direction of most structural change in agriculture is to larger scale businesses.
Read MoreMany are asking whether the current prosperity in farming is sustainable. The answer is not obvious, but the following “what to watch” list might provide a useful perspective to answer this question.
Read MoreFederal Reserve Bank of Kansas City Symposium, July 16-17, 2012 – Conference Rapporteur: Is This Farm Boom Different? | This has been a very stimulating and informative symposium. First,I will summarize the key “take-aways” of the presentations from my perspective. Then I will make some additional observations and identify some key uncertainties that are shaping the future of agriculture–“what to watch” in these turbulent times.
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