Five Categories of Agricultural Risk

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

  • Production Risk – Can I Grow It?
  • Market (price) Risk – Can I Sell It?
  • Financial Risk – Involves factors that 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 having legal implications that impact your operation.

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

How well do you understand the Five Categories of Agricultural Risk? Find out!