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IDENTIFYING SOURCES OF RISK
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This portion discussed a “laundry list” of ten risk sources. This list provides an organized way to help identify appropriate management actions that can be taken. Select a major crop in your operation. Describe one or more sources of downside risk for each category that will affect that crop. Describe a possible means for managing each risk.
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Source of Risk Description of Risk Management Strategy
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1. Production Risk
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2. Input Performance Risk
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3. Commodity price/ market access risk
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4. Input price and availability risk
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5. Borrowed capital price & availability risk
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6. Technology risk
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7. People risk
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8. Legal risk
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9. Institution risk
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10. Macroeconomic risk
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Work To Be
Submitted