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How can farming business risks be managed better

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Our farming forums can help with managing risk in farming quicker and cheaper. Farming chat forums on BusinessRiskTV are designed to address common farming problems. Discover the latest farming forum risk management tips to protect farms better. Find new ways to develop more income in your farming business. Network online with farming risk management experts to reduce the impact of uncertainty on your farming business.

What are the biggest threats to farming and farmers? What are the opportunities for farming businesses to improve performance? Network with key farming business leaders locally and globally.

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BusinessRiskTV Farming Risks latest news opinions and reviews to help manage farming risks better

Farming is a risky business. Farmers face a variety of risks, including:

Production risks: These are risks that can damage or destroy crops or livestock, such as drought, floods, pests, and diseases.
Price risks: These are risks that can cause the price of crops or livestock to fall, such as oversupply or changes in demand.

Financial risks: These are risks that can impact a farmer’s ability to pay their bills, such as high debt levels or unexpected costs.

Market risks: These are risks that can make it difficult to sell crops or livestock, such as changes in trade regulations or the entry of new competitors.

Legal risks: These are risks that can result in legal action against a farmer, such as environmental violations or labor disputes.

Human risks: These are risks that can impact the health and safety of farmers and their employees, such as accidents, injuries, and illnesses.

Farmers can use a variety of strategies to manage these risks, such as:

Insurance: Farmers can purchase insurance to protect themselves against financial losses caused by production risks, price risks, and other events.

Diversification: Farmers can diversify their operations by growing a variety of crops or raising a variety of livestock. This can help to reduce their risk if one crop or livestock type is damaged or destroyed.

Risk management contracts: Farmers can enter into risk management contracts with buyers or sellers to help to stabilise prices and reduce their risk.

Good planning and management: Farmers can reduce their risk by planning carefully and managing their operations effectively. This includes things like choosing the right crops or livestock for their climate and location, using good farming practices, and keeping up-to-date on the latest information about production risks and market conditions.

Farming is a challenging but rewarding career. By understanding the risks involved and taking steps to manage them, farmers can increase their chances of success.

BusinessRiskTV Farmers Forum

Farmers Forum: Agriculture Risk Management

Navigating Business Risks in Agriculture: Farmers Forum on BusinessRiskTV.com

Agriculture is a critical industry that provides food, fiber, and raw materials for the world’s population. However, like any other business sector, agriculture also faces various risks that can impact farmers’ livelihoods and agricultural production. These risks include weather-related risks, market risks, regulatory risks, technological risks, and environmental risks, among others. Navigating these risks is essential for farmers to sustain their operations and achieve profitability.

To address these challenges, platforms like BusinessRiskTV.com have created a Farmers Forum where farmers and agricultural stakeholders can come together to discuss and exchange insights on managing risks in agriculture. This article explores the Farmers Forum on BusinessRiskTV.com, highlighting its importance in addressing business risks in agriculture and providing farmers with valuable resources and support.

Overview of BusinessRiskTV.com:
BusinessRiskTV.com is a leading online platform that focuses on providing information, insights, and resources on business risk management. The platform covers a wide range of industries and sectors, including agriculture, manufacturing, finance, healthcare, and more. It aims to help businesses identify, assess, and manage risks to protect their operations and achieve sustainable growth.

The Farmers Forum on BusinessRiskTV.com is a dedicated space where farmers, agricultural experts, and stakeholders can connect, collaborate, and learn from each other. It provides a platform for farmers to share their experiences, challenges, and best practices in managing risks in agriculture. The forum offers valuable insights and resources to help farmers make informed decisions and mitigate risks in their farming operations.

Importance of Farmers Forum in Agriculture Risk Management:
The Farmers Forum on BusinessRiskTV.com plays a crucial role in addressing the unique risks that farmers face in their operations. Agriculture is highly vulnerable to various risks, including weather-related risks such as droughts, floods, and storms, which can significantly impact crop yields and livestock production. Market risks, such as price fluctuations and changes in demand, can also affect farmers’ profitability. Additionally, regulatory risks, technological risks, and environmental risks can pose significant challenges to farmers.

The Farmers Forum provides a platform for farmers to discuss these risks and share their experiences and insights. It enables farmers to learn from each other’s experiences and gain practical knowledge on risk management strategies. Farmers can access valuable resources, including articles, case studies, webinars, and expert advice, to better understand and mitigate risks in their farming operations.

One of the key advantages of the Farmers Forum is that it creates a supportive community where farmers can connect and collaborate. Farming can be a solitary profession, and farmers often face similar challenges. The forum allows farmers to share their stories, seek advice, and learn from each other’s successes and failures. This sense of community and camaraderie can help farmers feel supported and motivated to tackle risks and challenges proactively.

The Farmers Forum also fosters innovation and creativity in managing risks in agriculture. Farmers can exchange ideas and explore new approaches to risk management, leveraging the collective knowledge of the community. They can learn about new technologies, practices, and strategies that can help them enhance their risk management capabilities and improve their farming operations’ resilience.

Key Features of Farmers Forum on BusinessRiskTV.com:
The Farmers Forum on BusinessRiskTV.com offers several key features that make it a valuable resource for farmers and agricultural stakeholders:

Discussion Forums: The forum provides a platform for farmers to engage in discussions on various risk management topics, such as weather risks, market risks, regulatory risks, and more. Farmers can post questions, share their experiences, and seek advice from other members of the community. The forum encourages active participation and promotes knowledge sharing among farmers.

Resource Library: The Farmers Forum features a resource library that provides access to a wide range of articles, case studies, webinars, and other educational materials related to risk management in agriculture. The resource library is regularly updated with new content, providing farmers with a wealth of information to enhance their risk management knowledge and skills.

Expert Advice: The Farmers Forum brings in experts in agriculture and risk management to share their insights and expertise. Farmers can benefit from the knowledge and experience of these experts through webinars, Q&A sessions, and other interactive discussions. This allows farmers to learn from industry professionals and gain valuable insights into managing risks in agriculture.

Networking Opportunities: The Farmers Forum provides a platform for farmers to connect and network with fellow farmers, agricultural stakeholders, and experts. Farmers can exchange ideas, share best practices, and build relationships with others in the industry. Networking can foster collaboration, innovation, and support among farmers, creating a sense of community and camaraderie.

Case Studies and Success Stories: The Farmers Forum features real-world case studies and success stories that highlight best practices and successful risk management strategies in agriculture. Farmers can learn from these examples and apply the lessons learned to their own operations. Case studies and success stories provide practical insights and inspiration for farmers to improve their risk management practices.

News and Updates: The Farmers Forum keeps farmers updated with the latest news and developments in agriculture and risk management. This includes information on weather patterns, market trends, regulatory changes, technological advancements, and other relevant updates. Staying informed allows farmers to proactively identify and manage risks in their operations.

Discussion on Emerging Risks: The Farmers Forum provides a platform for farmers to discuss and address emerging risks in agriculture. This includes risks related to climate change, changing consumer preferences, technological disruptions, and other emerging trends that can impact the agricultural industry. By discussing and addressing emerging risks, farmers can stay ahead of the curve and proactively manage potential challenges.

Benefits of Farmers Forum on BusinessRiskTV.com

The Farmers Forum on BusinessRiskTV.com offers several benefits to farmers and agricultural stakeholders:

Enhanced Risk Management: The Farmers Forum provides farmers with valuable resources, insights, and best practices to enhance their risk management capabilities. Farmers can learn from each other’s experiences and gain practical knowledge on managing risks in agriculture. This can help farmers make informed decisions, implement effective risk management strategies, and protect their farming operations from potential risks.

Networking and Collaboration: The Farmers Forum facilitates networking and collaboration among farmers and agricultural stakeholders. Farmers can connect with fellow farmers, experts, and industry professionals to exchange ideas, share best practices, and build relationships. Networking and collaboration can foster innovation, creativity, and support among farmers, creating a strong community that can collectively address risks and challenges in agriculture.

Access to Expert Advice: The Farmers Forum brings in experts in agriculture and risk management to share their insights and expertise. Farmers can benefit from the knowledge and experience of these experts, gaining valuable insights into managing risks in agriculture. Expert advice can provide farmers with new perspectives, ideas, and strategies to enhance their risk management practices.

Stay Informed: The Farmers Forum keeps farmers updated with the latest news, trends, and developments in agriculture and risk management. Staying informed allows farmers to proactively identify and manage risks in their operations. By staying up-to-date with the latest information, farmers can make informed decisions and adapt their risk management strategies accordingly.

Community Support: Farming can be a challenging and isolating profession. The Farmers Forum provides a supportive community where farmers can connect, share their stories, seek advice, and learn from each other’s experiences. This community support can help farmers feel motivated, supported, and empowered to tackle risks and challenges in their farming operations.

The Farmers Forum on BusinessRiskTV.com is a valuable platform for farmers and agricultural stakeholders to discuss, exchange insights, and learn about managing risks in agriculture. It offers a wide range of resources, expert advice, networking opportunities, case studies, and updates to enhance farmers’ risk management capabilities. By leveraging the knowledge and experience of fellow farmers, experts, and industry professionals, farmers can gain valuable insights and practical strategies to proactively manage risks in their operations.

The Farmers Forum serves as a hub for discussions on various topics related to risk management in agriculture. It covers areas such as crop production, livestock management, weather patterns, market trends, regulatory changes, technological advancements, and emerging risks in the agricultural industry. Through webinars, Q&A sessions, forums, and other interactive discussions, farmers can engage in meaningful conversations, exchange ideas, and share best practices to enhance their risk management practices.

One of the key benefits of the Farmers Forum is the access to expert advice. By bringing in experts in agriculture and risk management, farmers can learn from their knowledge and experience. Experts can share insights, provide guidance, and offer practical strategies to manage risks effectively. This can help farmers make informed decisions, implement risk management strategies, and protect their farming operations from potential risks.

Networking and collaboration are also significant benefits of the Farmers Forum. Farmers can connect with fellow farmers, experts, and industry professionals, creating a strong community that fosters innovation, creativity, and support. Networking allows farmers to exchange ideas, share best practices, and learn from each other’s experiences. Collaboration can lead to the development of new strategies, technologies, and approaches to manage risks in agriculture more effectively.

The Farmers Forum also provides access to a wide range of resources, including articles, case studies, success stories, and other educational materials. These resources offer valuable insights, practical strategies, and real-world examples of successful risk management practices in agriculture. Farmers can leverage these resources to enhance their knowledge and skills in managing risks, apply best practices to their own operations, and make informed decisions to mitigate risks.

Another significant benefit of the Farmers Forum is the opportunity to stay informed with the latest news, trends, and developments in agriculture and risk management. This includes information on weather patterns, market trends, regulatory changes, technological advancements, and emerging risks in the agricultural industry. By staying up-to-date with the latest information, farmers can proactively identify and manage risks in their operations, adapt their risk management strategies accordingly, and stay ahead of potential challenges.

The community support offered by the Farmers Forum is also invaluable. Farming can be a challenging and isolating profession, and having a supportive community can make a significant difference. The Farmers Forum provides a platform for farmers to connect, share their stories, seek advice, and learn from each other’s experiences. This community support can help farmers feel motivated, supported, and empowered to tackle risks and challenges in their farming operations with confidence.

In conclusion, the Farmers Forum on BusinessRiskTV.com is a valuable platform for farmers and agricultural stakeholders to enhance their risk management capabilities. It offers a wide range of resources, expert advice, networking opportunities, case studies, and updates to help farmers proactively manage risks in their operations. By leveraging the knowledge and experience of fellow farmers, experts, and industry professionals, farmers can gain valuable insights and practical strategies to protect their farming operations from potential risks. The Farmers Forum fosters a supportive community that encourages networking, collaboration, and learning, creating a strong support system for farmers. By staying informed with the latest news, trends, and developments in agriculture and risk management, farmers can make informed decisions and adapt their risk management strategies accordingly. The Farmers Forum is a valuable resource for farmers looking to enhance their risk management practices and mitigate risks in their farming operations.

From the Ground Up: Understanding Farmer Protests and the Future of Food

As consumers, we often see agriculture as a distant process, the source of our food magically appearing on grocery store shelves. But recent farmer protests have brought the complexities of modern farming to the forefront. So, what are farmers worried about, and how will these changes impact what lands on your plate? Let’s delve into nine key areas to understand the current situation:

1. The Squeeze on Profits: Farming is a business with tight margins. Between rising costs for fuel, fertiliser, and seeds, and volatile market prices for crops, many farmers struggle to make a living. New regulations that add additional costs or limit production can tip the scales towards financial hardship.

2. Uncertainty and Implementation: Farmers often feel blindsided by new regulations. Unclear guidelines and a lack of support for transitioning to new practices create anxiety. Will the changes be effective? Will they be financially viable for their farms?

3. Fear of Decreased Production: Some regulations aim to reduce reliance on chemical fertilisers or water usage. Farmers worry that these changes will decrease yields, leading to food shortages and higher prices.

4. Loss of Livelihood and Tradition: Farming is often a multi-generational profession, deeply tied to family and community. New regulations can feel like an attack on a way of life, a loss of control over how farmers manage their land.

5. Innovation vs. Regulation: Many farmers are already adopting sustainable practices. They argue that a top-down approach to regulation stifles innovation and ignores the unique challenges of different regions and farm types.

6. The Role of Science: The science behind environmental concerns like climate change and soil degradation is undeniable. However, farmers often feel that regulations don’t take into account the practical realities of their work. They emphasise the need for research into sustainable practices that are both effective and economically viable.

7. A Global Food System: Changes in one country’s agricultural practices can have ripple effects across the globe. Consumers need to understand that these protests are not just about local concerns, but about ensuring a stable and sustainable food system for everyone.

8. The Responsibility of Consumers: We all have a role to play in supporting sustainable agriculture. Look for labels that indicate responsible farming practices, seek out locally produced food, and reduce food waste. By making informed choices, consumers can send a powerful message.

9. Building Bridges: The solution lies in open communication and collaboration between farmers, governments, scientists, and consumers. Farmers need a seat at the table to help develop regulations that are practical and effective. Governments need to provide financial and technical support for farmers transitioning to new practices. Consumers need to be aware of the challenges farmers face and support policies that promote sustainable agriculture.

Impact on Consumers:

Changes in farming practices will undoubtedly impact consumers in several ways:

1. Price Fluctuations: In the short term, some changes may lead to temporary price increases, especially if there are disruptions in production.

2. Shifting Availability: Certain types of produce or meat may become less readily available, particularly if they are produced using methods deemed environmentally unsustainable. Is the science clear here and are governments forcing farmers into changes in produce including meat that are harmful to society more than the environment? Greater transparency is required from broad spectrum of scientific research not just the research that backs a certain narrative.

3. Evolving Labels: Expect to see more labels highlighting sustainable farming practices, allowing consumers to make informed choices.

4. Potential for Innovation: New regulations can drive innovation in the agricultural sector, leading to the development of more sustainable and efficient farming methods.

The Road Ahead:

The transition to a more sustainable food system will not be easy and we may in some instances be going down the wrong paths. There will be challenges and adjustments for everyone involved. However, by working together, we can create a future where farmers can thrive, the environment is protected, and consumers have access to healthy and affordable food.

Here are some additional points to consider:

• Supporting Local Farmers: Seek out farmers’ markets and Community Supported Agriculture (CSA) programmes to connect directly with producers who are committed to sustainable practices instead of just supermarkets.
• Reducing Food Waste: Roughly one-third of all food produced globally is wasted. By being mindful of our purchases and practicing responsible storage and consumption, we can make a significant impact.
• Investing in Research: Funding research into sustainable farming methods is crucial for developing practical solutions that meet both environmental and economic needs.

The future of our food system depends on a shared understanding of the challenges faced by farmers. By engaging in open dialogue and supporting sustainable practices, we can all be part of the solution.

Why does the Netherlands want to reduce nitrogen?

Environmental Land Management Schemes Uk

The UK government has introduced a number of environmental land management schemes to promote sustainable farming and land use practices. These schemes aim to improve the health of the environment, protect and enhance biodiversity, and mitigate the effects of climate change.

The Environmental Land Management (ELM) scheme is the main scheme designed to support farmers and land managers in England. This scheme aims to provide financial incentives for farmers to adopt environmentally-friendly practices such as reducing greenhouse gas emissions, improving water and air quality, and enhancing biodiversity. The ELM scheme will replace the current system of farm payments under the Common Agricultural Policy (CAP) after the UK leaves the EU.

Another scheme, the Countryside Stewardship scheme, is currently being phased out, but it provided financial incentives for farmers and land managers to protect and enhance the natural environment. This includes measures such as planting wildflowers, creating habitats for wildlife, and reducing soil erosion.

The Woodland Carbon Fund is a scheme that encourages the creation of new woodland to capture carbon from the atmosphere and reduce greenhouse gas emissions. This scheme provides funding for landowners to plant new woods and manage existing ones.

The agri-environmental schemes are designed to provide a win-win situation for farmers and the environment by helping farmers to make money while also addressing important environmental issues. These schemes have been successful in reducing the use of chemical pesticides, increasing the number of bird species, and reducing soil erosion.

However, the success of these schemes depends on the level of funding provided and the ability of farmers to access the funding. There are also concerns that the schemes may not be effective in achieving their goals if they are not properly designed and implemented.

In conclusion, UK government has implemented a number of environmental land management schemes such as ELM, Countryside Stewardship and Woodland Carbon Fund to support farmers and land managers in adopting sustainable farming and land use practices. These schemes aim to improve the health of the environment, protect and enhance biodiversity, and mitigate the effects of climate change. However, their success depends on the level of funding provided and the ability of farmers to access the funding.

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22 August 2022 – The European Union’s crop monitoring service MARS, lowered its yield forecasts again for summer crops in the bloc, with major cuts in maize (corn), sunflower and soybeans, as it expected further damage from the recent dry and hot weather.

MARS put its yield outlook for the EU’s grain maize crop, which will be harvested in the autumn, below both the 2021 level and the five-year average.

For sugar beet, another spring crop also due to be harvested in the autumn, MARS projected the EU’s yield at 75.3 t/ha, down from 77.4 t/ha forecast in July.

In oilseeds, MARS trimmed its EU sunflower seed yield forecast to 2.06 from 2.18 t/ha previously, while the soybean yield was expected at 2.46 t/ha, down from 2.72 t/ha in July.

Most of Europe was hit by the adverse weather, MARS said, with Spain, France, central and northern Italy, central Germany, Hungary, Romania, Slovenia and Croatia among the most affected regions.

MARS slightly increased its winter crops yield projections as dry weather benefited harvesting in the bloc. That included a rise in its outlook for the EU’s 2022 soft wheat yield to 5.76 t/ha from 5.74 t/ha last month.

The expected rapeseed yield this year was raised to 3.15 t/ha from 3.13 t/ha last month, while this year’s total EU barley yield was expected at 4.85 t/ha from 4.83 t/ha last month.

30 June 2022 – UK farmers going out of business under weight of inflationary costs of business will aggravate food inflation in UK.

Struggling UK farmers are not benefiting from food inflation. Costs of producing food for supermarkets have spiralled out of control. Fertiliser costs have increased 5x and fuel/energy costs have tripled.

Their costs in other areas needed to produce food and drink for UK consumers or for export have jumped too, as their suppliers of products and services have increased their prices.

The pressure for same farmers is so huge that they have ceased to be in business. Many others have effectively taken the decision to stop farming – stop producing crops or farm produce – until their costs revert to something that will not incur a net loss of food and drink production.

22 March 2022 – Ukraine’s spring crop sowing area may more than halve this year from 2021 levels to some 7 million hectares, its Agriculture Minister Roman Leshchenko, versus 15 million hectares expected before the Russian invasion.

Ukraine is a major global agriculture producer and exporter, and the hostilities may sharply reduce the 2022 harvest and exports in the forthcoming 2022/23 season.

Its spring crop sowing forecast covers grains such as barley and corn, as well as other crops such as sugar beet, sunflowers and soybeans.

Ukraine harvested a record 84 million tonnes of grain in 2021 and initially expected to ship abroad 65 million tonnes of grain in 2022, including 25.3 million tonnes of wheat and 40 million tonnes of corn.

Ukrainian agriculture consultancy APK-Inform said the export of wheat would not exceed 18.3 million tonnes this season and only 200,000 tonnes of the commodity could be sold from March to June.

Ukraine has already suspended exports of rye, oats, millet, buckwheat, salt, sugar, meat and livestock in the face of the invasion, and introduced licences for wheat, corn and sunflower oil exports.

Are you a farmer or farming decision maker? Want to protect farm assets better? Could you develop your farm income stream?

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Finding the latest information on emerging or changing farming risks can be time consuming or unfruitful. We make farming life and business easier and better.

Searching farming risk management information is free. Come back often to find the best farming practices and tips. Pick up the latest farming news headlines opinions debate risk analysis and business reviews.

Do you want to sell your farm products online?

Our online marketplaces provide opportunities for farmers to sell more online direct to buyers, both locally and globally. Create more turnover from our online farmers services.   Check out new ways to sell your farm products. Get a better price and find the right buyers for your farm produce with help of BusinessRiskTV.

Farmers Marketplace: Get a fairer reward for your hard work with our Farmers Marketplace

How could farmers sell their produce more profitably?

We want to disrupt the way farmers are rewarded for their hard work and investment in the favour of farmers in UK. Whether you voted for Brexit or not there are great threats and opportunities for farmers on the horizon. Some questions come to mind before we can create and support the selling of farm produce more profitably.

• Where do farmers sell their produce just now and why?
• How can we sell farm produce online both locally nationally and even globally?
• How can we sell more via online farmers markets?
• Who do farmers sell crops to?

Like we said we are not interested in re running the Brexit vote.   However we are very interested in seizing the farmers opportunities from Brexit.

The value of the pound could stay low or even fall significantly for some time.   The financial markets don’t care about Brexit but they do care about uncertainty.  They hate uncertainty. Once thing is certain about Brexit. There will be lots of uncertainty for the next couple of years. This means that UK farmers who produce food and drink have a massive opportunity to sell more profitably both in the UK and overseas. Those who import farm produce to sell in the UK may suffer as could those who import farming machinery. However this article is focusing on the positives the opportunities to farmers of Brexit.

Buyers in the UK of UK farm produce will be prepared to pay more for UK farm produce as importing costs compare less favourably than they may have done pre Brexit vote. The UK domestic market farmers market should be gobbled up by food and drink retailers and many of them will want to tie farmers into long term deals to guarantee supply at low prices. Farmers need to resist the understandable desire to sign up for long term food retailer deals without getting a higher premium price than previously coughed up by UK retailers.

Looking overseas? Why not? The value of the pound makes UK farm produce more attractive. Why not get together online to sell more UK farm produce overseas? What are the problems? How do we overcome those problems. Maybe the subject of an upcoming online Farming Risk Forum discussion. Come back to find out more.

Farming Risk Management

BusinessRiskTV.com farming risk management tips advice and support online.   Food and production within the current economic political and business climate change is difficult especially trying to deliver a safe quality food to consumers. A successful farming business is not just about the quality of the food and drink produced. We can help you adopt new ways of thinking about your farm business and farming in general.

Risk is inherent in farming. Take more risk in agricultural production to achieve more for your farm. Do so knowingly with suitable risk control measures in place to reduce likelihood and impact of risk events.

There are many different types of risk and uncertainty in agriculture including political risks economic risks social risks technological risks legal risks and environmental risks as well as each farmers own organisational risks. Tackle risks more confidently with better risk management in agriculture sector.

Do you have a farming risk management video? What can you offer farmers in terms of better risk management? Could your products or services make farming more sustainable as a business?

Are you ready to talk to us about improving your farming business? Subscribe to BusinessRiskTV for innovative farming business solutions.

Farm risk management strategies

What are the best farming risk management practices globally and locally? Who can help farmers to protect assets more cost-effectively and grow farm revenues more profitably? Why does farming risk management not always work well?   Which parts of the world could you learn from? How could you improve the management of farm risks?

Agricultural risks can range from stand alone single risks or relate mutually to all farmers in the UK.

Managing risk better in farming is about mitigating increasingly risky trading environment and making more informed commercial farming decisions.   BusinessRiskTV.com helps farmers to understand the risks they face and develop risk management skills to improve problem solving.

Ultimately farming risk management will make farming farmers and farms more resilient and more sustainable.

Farmers have many strategic operational and project risk management options for managing risks and a balanced approach is required for greater success.   Managing farming risks better will preserve farmers income and reduce uncertainty impacting on what farmers want to achieve from their farms.

Risk in Agriculture Industry

• Use risk assessment tools and techniques to understand farm risks better.
• Types of risk vary across livestock farm labour issues including safety finance risks political risks economic risks societal risks technology risks compliance and regulatory risks and environmental risks. The optimal management of these risks is best achieved by looking at the whole not the individual risks.
• Access latest news opinions and reviews to improve farm financial position, mitigate threats and maximise opportunities.

Risk management in farming learn more about risk management for farmers.BusinessRiskTV farming risk management approach is to take an holistic approach to the various types of risk in agriculture industry.

Risk is an inherent part of the business of farming. Farm risks management is often an informal affair but a systematic risk management approach could make your farm more sustainable and successful. 

Farmers have many options for managing the risks. Our service does not offer a panacea for farmers. BusinessRiskTV aims to facilitate the solutions to how to manage farm risks better.

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9th January 2019 Japan Announced Will Lift Ban On British Beef

Japan banned British beef in 1996. The ban was imposed to stop the spread of bovine spongiform encephalopathy BSE.

14th August 2018 Court Ruling In USA Could Affect Farming Around the World

A jury in America linked weedkiller used in farming all over the world to cancer. It also found that the manufacturer of the weedkiller knew of the cancer risks from glyphosate used in the weedkiller.

Glyphosate has been classified as probably carcinogenic by the World Health Organisation WHO. Regulatory bodies around the world have not banned glyphosate. It is widely used in farming with little warning of alleged cancer risks. Indeed it is the most common herbicide in farming.

Monsanto the manufacturer of the weedkiller in the USA legal case are appealing the jurys decision. However reputational damage could reduce income for Monsanto in interim and perhaps long term.

11th August 2018 Farmer Killed By Own Cattle

A farmer in Sussex is thought to have been trampled to death by his own Aberdeen Angus cattle according to initial police investigations.

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Tractors For Sale and Farm Machinery For Sale on BusinessRiskTV

Buying and selling tractors machinery and farm equipment. Get in front of farmers on the hunt for great deals.

If you are a farm machinery or tractor dealership selling new and used farming plant equipment and machinery then register with us now below. We can promote market and advertise your farming products and encourage farmers to buy from you instead of your competitors. Direct farmers to your specific deals discounts and special promotions to make your marketing more successful.   Sell more farming products more profitably on BusinessRiskTV.

Place farming ads in our Farming Classified section. If you have new or used tractors for sale farm trailers and farm machinery for sale our farming adverts in our Farming Classified section is for you. Sell farm tractors plant equipment and machinery quicker and cheaper.

Enterprise Risk Management ERM Training For Better Protection and Faster Growth

Managing business enterprise risks better in farming to achieve enterprise objectives more easily with less uncertainty and more confidence. Good farm businesses go hand in hand with good risk management skills and practices.   Develop a new farm business strategy with a more risk-based approach to farmer decision-making.

Managing risks in farming is not straight forward. Understand your key farming risks better and improve your farming risk management skills. Identify threats and opportunities to your business in farming. Assess the impact of threats and find out how to exploit farming business opportunities more. Learn how to control corporate risks within your risk tolerance and appetite for risk to boost your business performance.

Find a better way to deal with the complexities of enterprise wide risk management ERM. Sign up for one of our online enterprise risk management ERM workshops or book an inclassroom workshop.

• Develop ERM risk knowledge and skills required for you and your business in farming.
• Revise your enterprise risk management ERM framework and risk assessment process.
• Build a new risk based approach to your strategic operational and project risks.

Use our enterprise risk management distance learning training or book an inhouse workshop to learn more about innovative farm risk management strategies for your farm.

Farming Magazine

Mitigating Farming Risks

Mitigating Business Risks in Farming: Best Practices for Success

Farming is an essential industry that provides food and resources for the world’s population. However, like any business, farming also faces various risks that can impact its success. From unpredictable weather events and market fluctuations to regulatory changes and operational challenges, farmers need to be aware of potential risks and take proactive steps to mitigate them.

In this article, we will discuss the best practices for mitigating business risks in farming. We will explore key areas such as risk assessment, risk management strategies, and insurance options that can help farmers safeguard their operations and ensure long-term success.

Risk Assessment:
The first step in mitigating business risks in farming is to conduct a thorough risk assessment. This involves identifying and evaluating all potential risks that can impact the farm’s operations and profitability. Some common risks in farming include weather-related risks such as droughts, floods, storms, and frost; market risks such as fluctuating commodity prices and demand; operational risks such as equipment breakdowns, labour shortages, and disease outbreaks; financial risks such as changes in interest rates and currency fluctuations; and regulatory risks such as changes in environmental regulations and trade policies.

Farmers should conduct a comprehensive analysis of their farm operations and identify potential risks in each area. This can be done by conducting on-site inspections, reviewing historical data, consulting with experts, and using risk assessment tools and techniques. It’s important to prioritize risks based on their severity and likelihood of occurrence, as this will help farmers allocate resources and develop effective risk management strategies.

Risk Management Strategies:
Once risks are identified and prioritised, farmers should develop and implement risk management strategies to minimise their impact on the farm’s operations and profitability. Here are some best practices for effective risk management in farming:

Diversification: Diversification is a fundamental risk management strategy in farming. Farmers should avoid relying solely on a single crop or livestock and diversify their operations. This can involve growing different crops, raising different types of livestock, and exploring alternative income streams such as agritourism or value-added products. Diversification can help farmers reduce the impact of market fluctuations, weather-related risks, and disease outbreaks, as losses in one area can be offset by gains in another.

Insurance: Insurance is another essential risk management tool for farmers. There are various types of insurance policies available for farmers, including crop insurance, livestock insurance, property insurance, liability insurance, and business interruption insurance. Farmers should carefully assess their insurance needs and choose policies that provide adequate coverage for their specific risks. Insurance can help farmers protect their assets, income, and liabilities in the event of unforeseen events, providing financial stability and peace of mind.

Contingency Planning: Farmers should develop contingency plans for potential risks to ensure that they are prepared to respond effectively to emergencies. Contingency plans should outline steps to be taken in the event of different risks, such as drought, flood, disease outbreak, or equipment failure. They should include procedures for monitoring risks, early warning systems, emergency response protocols, and communication plans. Contingency plans should be regularly reviewed and updated to ensure their effectiveness.

Budgeting and Financial Management: Sound financial management is crucial for mitigating risks in farming. Farmers should develop detailed budgets that account for all potential risks and allocate resources accordingly. This includes setting aside funds for insurance premiums, emergency expenses, and investment in risk management tools such as irrigation systems or protective structures. Farmers should also maintain accurate financial records, monitor cash flow, and work with financial advisors to ensure that their farm’s financials are in good shape.

Technology Adoption: Technology can play a significant role in mitigating risks in farming. Farmers should explore and adopt technologies that can help them monitor risks, optimize operations, and make informed decisions. For example, remote sensing technologies can provide real-time data on weather conditions, soil moisture, and crop health, helping farmers make informed decisions about irrigation, fertilisation, and pest management. Precision agriculture technologies can help farmers optimize the use of resources, such as water, fertilisers, and pesticides, reducing costs and environmental risks. Automated monitoring and alert systems can provide early warnings of potential risks, allowing farmers to take timely action. Investing in modern technology can be a valuable risk management strategy for farmers to improve their operational efficiency and resilience.

Collaboration and Networking: Collaboration and networking with other farmers, industry experts, and stakeholders can be beneficial in mitigating risks in farming. Farmers can share information, best practices, and experiences with others to learn from each other’s successes and failures. Joining farmer associations, cooperatives, or industry groups can provide access to valuable resources, information, and support during challenging times. Collaborative efforts can also help farmers in collective bargaining, market diversification, and risk sharing, reducing individual farm-level risks and improving the overall industry’s resilience.

Continuous Monitoring and Adaptation: Risk management is an ongoing process that requires continuous monitoring and adaptation. Farmers should regularly assess their risk management strategies and update them as needed to reflect changing risks and circumstances. This includes monitoring weather conditions, market trends, regulatory changes, and technological advancements that can impact the farm’s operations. Farmers should also stay informed about government programs, subsidies, and grants that can provide support for risk management initiatives. Being proactive and adaptive to changing circumstances is crucial in mitigating risks and ensuring long-term success in farming.

Farming, like any other business, faces various risks that can impact its operations and profitability. However, with proper risk assessment, risk management strategies, and proactive measures, farmers can mitigate risks and ensure long-term success. Diversification, insurance, contingency planning, budgeting and financial management, technology adoption, collaboration, and continuous monitoring are some of the best practices for effective risk management in farming. Farmers should carefully assess their risks, develop and implement robust risk management strategies, and continuously monitor and adapt their approaches to changing circumstances. By taking proactive measures and being prepared for potential risks, farmers can safeguard their operations, protect their assets, and ensure sustainable success in the farming industry.

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Enhancing Farming Advertising on BusinessRiskTV.com: A Guide for Agricultural Businesses

In today’s digital era, online advertising has become an essential tool for businesses to connect with their target audience and promote their products and services. The agricultural industry is no exception, and farming ads on BusinessRiskTV.com can be a powerful means for agricultural businesses to reach potential customers, create brand awareness, and drive sales. In this article, we will explore the significance of farming ads on BusinessRiskTV.com and provide a comprehensive guide for agricultural businesses on how to enhance their advertising efforts on this platform.

BusinessRiskTV.com is a popular online business platform that provides a wide range of resources, tools, and information related to various aspects of business, including risk management, business growth, and sustainability. The platform has a significant global audience, including farmers, agricultural businesses, and industry professionals, making it an ideal platform for farming ads.

Why are Farming Ads on BusinessRiskTV.com Important?

Farming ads on BusinessRiskTV.com can offer several benefits to agricultural businesses. Here are some key reasons why advertising on this platform is important:

Reach a Targeted Audience: BusinessRiskTV.com has a significant audience of farmers, agricultural businesses, and industry professionals who are actively seeking information and solutions related to agriculture. This makes it an ideal platform to reach a targeted audience that is interested in agricultural products and services.

Create Brand Awareness: Advertising on BusinessRiskTV.com allows agricultural businesses to create brand awareness and establish their brand presence among a relevant audience. By showcasing their products and services through ads, agricultural businesses can create a strong brand identity and increase their visibility in the market.

Drive Sales: Farming ads on BusinessRiskTV.com can also help agricultural businesses drive sales. By reaching potential customers who are interested in agricultural products and services, businesses can generate leads, increase conversions, and ultimately boost their sales.

Build Relationships: Building relationships with customers and other stakeholders is crucial for any business, including agricultural businesses. Advertising on BusinessRiskTV.com can help agricultural businesses establish relationships with potential customers, partners, and other industry professionals, which can lead to long-term business partnerships and collaborations.

Stay Ahead of the Competition: In today’s competitive business landscape, staying ahead of the competition is essential. By advertising on BusinessRiskTV.com, agricultural businesses can stay ahead of their competitors by reaching potential customers and promoting their products and services in a competitive marketplace.

Enhancing Farming Ads on BusinessRiskTV.com: A Comprehensive Guide

Now that we understand the importance of farming ads on BusinessRiskTV.com, let’s delve into a comprehensive guide on how agricultural businesses can enhance their advertising efforts on this platform:

Understand Your Target Audience: The first step in creating effective farming ads on BusinessRiskTV.com is to understand your target audience. Who are your potential customers? What are their needs and preferences? What challenges do they face in the agricultural industry? Understanding your target audience will help you create ads that are relevant, engaging, and appealing to them.

Define Your Advertising Objectives: Before creating farming ads on BusinessRiskTV.com, it’s essential to define your advertising objectives. What do you want to achieve with your ads? Is it to create brand awareness, drive sales, or build relationships? Defining your advertising objectives will help you create ads that align with your overall marketing goals and deliver the desired results.

Choose the Right Ad Format: BusinessRiskTV.com offers various ad formats, including display ads, sponsored content, and sponsored newsletters. Each ad format has its unique advantages and disadvantages, so it’s crucial to choose the right one for your advertising campaign. For example, display ads can be effective in creating brand awareness, while sponsored content and newsletters can help you deliver a more targeted and engaging message to your audience. Consider your advertising objectives, target audience, and budget when selecting the ad format that best fits your needs.

Craft Compelling Ad Copy: The ad copy is the heart of your farming ads on BusinessRiskTV.com. It’s important to craft compelling and engaging ad copy that captures the attention of your audience and entices them to take action. Use clear and concise language, highlight the benefits of your products or services, and include a strong call-to-action that prompts users to click on your ad.

Utilise Eye-Catching Visuals: Visuals play a crucial role in grabbing the attention of users and making your farming ads stand out. Use high-quality and eye-catching visuals, such as images, videos, and infographics, that are relevant to your products or services. Visuals can help convey your message more effectively and make your ads more memorable to users.

Optimise for Keywords: BusinessRiskTV.com allows you to target specific keywords with your farming ads. Conduct keyword research to identify relevant keywords that are commonly used by your target audience when searching for agricultural products or services. Incorporate these keywords strategically in your ad copy and headlines to improve the visibility and relevance of your ads.

Test and Optimise Your Ads: To ensure the effectiveness of your farming ads on BusinessRiskTV.com, it’s crucial to continuously test and optimize your ads. Experiment with different ad copies, visuals, and headlines to see which ones perform the best. Monitor the performance of your ads regularly and make data-driven decisions to optimise your ads for better results.

Consider Ad Placement: BusinessRiskTV.com offers different ad placement options, such as homepage ads, article ads, and category ads. Consider the placement that aligns with your advertising objectives and target audience. For example, if you want to create brand awareness, a homepage ad may be a good option as it gets more visibility. If you want to target a specific category, an article or category ad may be more relevant. Consider the placement that best fits your advertising strategy.

Have a Clear Landing Page: When users click on your farming ad, they should be directed to a clear and relevant landing page. The landing page should match the message and offer of your ad and provide a seamless user experience. Ensure that your landing page is mobile-friendly, loads quickly, and has a clear call-to-action that encourages users to take the desired action, such as making a purchase or filling out a form.

Monitor and Measure Results: Finally, it’s essential to monitor and measure the results of your farming ads on BusinessRiskTV.com. Use the analytics and reporting tools provided by the platform to track the performance of your ads, such as impressions, clicks, conversions, and return on investment (ROI). Analyse the data to gain insights into the effectiveness of your ads and make necessary adjustments to optimise your advertising strategy.

Farming ads on BusinessRiskTV.com can be a powerful tool for agricultural businesses to reach their target audience, create brand awareness, drive sales, and build relationships. By understanding your target audience, defining your advertising objectives, choosing the right ad format, crafting compelling ad copy, utilizing eye-catching visuals, optimising for keywords, testing and optimising your ads, considering ad placement, having a clear landing page, and monitoring and measuring results, you can enhance your advertising efforts on BusinessRiskTV.com and maximise the effectiveness of your farming ads. Keep in mind that online advertising is a continuous process, and it’s important to consistently monitor and optimise your ads to achieve the best results. With the right strategy and approach, farming ads on BusinessRiskTV.com can be a valuable asset for your agricultural business, helping you connect with your audience, promote your products and services, and drive business growth.

 

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