Risk Management Programs
Risk management recognizes a new, expansive vision for agriculture:
A vision taking into account the interdependency of business, family and community. Risk management education centers on five basic sources of risk: Production, marketing,
financial, legal and human resource.
Production risk relates to the variability associated with yield or output. Marketing risk deals with price fluctuations and market sales level. Financial risk addresses business
profits, change in owner equity and cash flows. Legal risk takes into account business agreements and contracts, as well as, environmental liability and concerns. Human resource
risk focuses on the role of people in the firm and their relationships.
For each of these sources of risk, there are strategies and various tools which can be employed to reduce exposure to risk and the possibility of an unfavorable outcome.
These strategies and tools are the focus of our risk management educational programs. Through workshops, seminars and publications, UNH Cooperative Extension hopes to help
farmers stabilize and enhance business income ensuring long-term viability of the family farm.
Crop Insurance:
Five different New Hampshire farmers talk about the importance of crop insurance.
- Oxbow Farm Apple Orchard in Stark New Hampshire
- Kimball Fruit Farm in Hollis New Hampshire
- Highway View Farm in Boscawen New Hampshire
- Brookdale Fruit Farm in Hollis NH
- Gray Mist Farm in Groveton NH
Risk Management:
- Identifying Sources of Risk*
- Risk Bearing Ability and Management Strategies *
- Completing the Risk Management Plan & Resources*
* In order to view this file, you need to have Macromedia Flash installed on your computer. To download a free copy, click here.
