Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
May 24, 2024
Key Resources
by Margaret Lippsmeyer, Michael Langemeier, and Michael Boehlje
Advancements in production agriculture continue to accelerate making the business environment more complex and creating a significant need for a forward-thinking mindset. Management tools, including traditional risk management, often define efforts in terms of predetermined silos: managing farm finances and financial risk; managing market risk; managing human resources and human risk; legal risk management including contract growing or lease agreements; managing production technologies and production risk. Often this type of approach fails to effectively account for risks that influence several dimensions of a business. In this article series, we propose an integrated risk management approach by encouraging forward thinking and holistic management through the creation of a proactive business strategy. Integrated risk management takes into account key business resources and considers potential obstacles which may evolve. The article series is meant to encourage producers to develop an integrated risk management approach and build a strategic plan.
ARTICLES WITHIN PUBLICATION:
![](https://ag.purdue.edu/commercialag/home/wp-content/plugins/bb-plugin/img/pixel.png)
TAGS:
TEAM LINKS:
RELATED RESOURCES
Margaret Lippsmeyer, Michael Langemeier, James Mintert, and Nathan Thompson segment U.S. farms by farm resilience, management practices, and producer sentiment. This paper was presented at the Southern Agricultural Economics Meeting in Atlanta, Georgia in February.
READ MOREUPCOMING EVENTS
Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.
Read More