New online risk-management tool available

USDA’s Risk Management Agency has launched an online resource to help farmers and ranchers protect against downside risks, and take advantage of upside market opportunities.

USDA’s Risk Management Agency has launched an online resource to help farmers and ranchers protect against downside risks, and take advantage of upside market opportunities. The new site is: http://Farm-Risk-Plans.usda.gov.

Producers are able to complete two exercises online that give them a novel look at their risk-management situation. First is the Risk-Management Checklist, a three-page list of questions to stimulate conversation among the family or leadership team. The second is a Strengths, Weaknesses, Opportunities and Threats Analysis, a commonly used planning exercise in the business world.