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
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.
Read More![Managing Strategic Risks Series - Thumbnail feature image Managing Strategic Risks Series - Thumbnail feature image](https://ag.purdue.edu/commercialag/home/wp-content/uploads/2024/05/Managing-Strategic-Risks-Series-Thumbnail-feature-image.png)
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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.
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