(Legacy) Five Categories of Agricultural Risk

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Please take three minutes to watch the video above, which explains how agricultural risk is generally viewed across five distinct categories:

  • Production Risk – Can I Grow It?
  • Market (price) Risk – Can I Sell It (at a price where I make money)?
  • Financial Risk – Involves financial factors (e.g., interest rates and credit terms) that could threaten your farm’s financial viability.
  • Human Risk – Relates to the safety, satisfaction, and productivity of a farm’s owners and employees.
  • Legal Risk – Events or actions, including government regulations, that could have legal impacts on your operation.
Iowa Corn Field with Storage Facilities in the Background

Effective management of these risks generally determines the long-term viability of a farm or ranch operation.

Dairy Production, Pennsylvania
Dairy Production, Pennsylvania