2020 Risk Management Decisions

As we settle into January, we often reflect back on yet another year and our many blessings. We might also contemplate that if only we had 20-20 hindsight, we would have made better decisions the previous year.

Agriculture is constantly changing and unfortunately, we do not have the luxury of 20-20 hindsight. Agriculture is an inherently risky business. Some risks are everyday business risks; some risks are brought on by natural disasters. Farmers need to regularly manage for financial, marketing, production, human resource, and legal risks. Looking ahead, the following risk management tools c...