Risk Assessment

2. Risks related to managing debt, cash flow, and securing loans in the agricultural business.
4. Government rules that impact farming practices, including environmental, food safety, and labor laws.
6. Risks arising from contracts, regulations, and compliance with government policies.
7. Fluctuations in commodity prices or shifts in consumer preferences that affect farm income.
9. Risks that affect crop yields or livestock production, such as weather events or pest outbreaks.
11. Outbreaks of diseases that can impact livestock or crops, leading to potential financial losses.
12. Measures put in place to protect workers, livestock, and the farm from accidents and injuries.
13. The movement of money into and out of a business, essential for maintaining operations during peak seasons.
15. The practice of expanding into different types of crops or livestock to minimize risk.
17. Legal responsibility for accidents or damages that may occur on the farm or with the business.
18. Savings set aside to cover unexpected costs, such as a sudden disaster or market downturn.

1. Risks related to labor, such as worker safety, health concerns, or the availability of skilled workers.
3. A prolonged period of abnormally low rainfall that can significantly reduce crop yields.
5. The process of identifying potential risks to a business and making informed decisions to mitigate those risks.
8. An environmental risk that can destroy crops, cause property damage, and disrupt farm operations.
9. Insects or animals that damage crops and affect farm productivity.
10. Money owed by the farm business, often taken on to finance equipment, land, or operational costs.
13. The ability to borrow money, which can be essential for financing farm operations and growth.
14. A financial product used to protect against potential losses from natural disasters, market changes, or accidents.
16. Tools and machinery used in farming operations, which can break down and cause production delays if not properly maintained.