FRB-FARM-2-Q Risk Management :FRBWeb – Farming is Risky Business

Question 1 of 5

Choosing to vaccinate your calves is an example of which common approach to agricultural risk management?

Question 2 of 5

What is farm financial benchmarking?

A way of tracking whether you employees are 1) showing up on time, 2) properly trained, and 3) fairly compensated.
A complicated planning mechanism that helps protect your crops against destructive weather events.
A computer-based planting strategy that ensures optimal soil health and maximum crop yields.
An approach for measuring and evaluating your operation's performance and financial health.

Question 3 of 5

Select three strategies a farmer or rancher can use to balance risk and reward in agriculture.

Question 4 of 5

The saying, “Don’t put all your eggs in one basket” is an example of what common approach to agricultural risk management?

Question 5 of 5

True or False?
Crop insurance can help farmers and ranchers to protect their crop yields and prices from a range of weather and market perils.