Managing risk in an agricultural operation is a daunting and never-ending task. While tools are available, such as marketing contracts and crop insurance, the information available is constantly changing, along with the uncertainty surrounding it. Agricultural operators are never truly done managing risk. Therefore, it is imperative that agricultural operations strive to create a good risk management culture where everyone manages risk on a day-to-day basis in a positive and timely manner.
There are five key principles that describe a good risk management culture within an…
