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Are you a farmer or farming decision maker? Want to protect farm assets better? Could you develop your farm income stream? Are you an owner or manager of a farming related business? Want to get more out of farming? Want to align your business with farmers interests?
Read farming risk management articles and watch videos on farming business best practices in our farming UK magazine.
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Do you want to sell your farm products online?
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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.
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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
Risk management in farming learn more about risk management for farmers
— Risk Manager (@ERMuk) May 24, 2017
BusinessRiskTV farming risk management approach is to take an holistic approach to the various types of 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 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.
BusinessRiskTV Farming News Views Reviews Tips Advice and Support
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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.
— Risk Management (@HolisticRiskMgt) June 23, 2018
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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.
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