By making risk management a proactive priority, farms can safeguard their future and seize opportunities that might otherwise go unnoticed.
Tag Archives risk management
Disciplined risk management not just useful, but essential
Strong farms will proactively assess risk and take action to protect their business
Ag sector urged to insure against tariff fallout
Risk management tools may be agriculture’s best bet when it comes to protecting itself against trade turmoil
Stakeholders in the broad Canadian agri-food industry are grappling with the uncertain future of bilateral trade with the United States, based on a 25 per cent tariff on Canadian goods and services that U.S. president Donald Trump promised would come early in his second tenure in office. The tariffs weren’t announced on inauguration day, but […] Read more
Producers can help minimize weather damage
A Sask. agronomist says moisture conservation and seed timing are key to better outcomes under hostile conditions
Farmers obviously can’t control Mother Nature, but can they reflect on some weather similarities over the years and come up with a management plan to hedge their bets? Absolutely, says an agronomy specialist with the Canola Council of Canada. Speaking at the Saskatchewan Agronomy Update in Saskatoon and online last month, Warren Ward said mindful […] Read more
ESG standards will impact producers
The impact of farming practices extends beyond harvest. Each year’s decisions can shape outcomes for generations to come. Increasingly, sustainability is a hot topic and not just for the agri-food sector. Large corporations are now required to report on the sustainability of processes used to generate their products. The reporting requirements are referred to as […] Read more
Programs available to help producers mitigate farm risk
Being a farmer isn’t for the faint of heart. The different daily risks can be overwhelming, from market fluctuations, political uncertainties and changing consumer preferences to the all-consuming weather. Many farming practices such as crop rotations, herd health practices, crop insurance and forward contracts have been implemented to mitigate risks. As part of the core […] Read more
Beef producers have risk management options
Weather, feed availability and trade barriers affect markets, making it important to understand what tools are available
Glacier FarmMedia – Cattle prices remain strong in Canada and look to stay that way in 2024. However, the market can change quickly, as producers saw in March when avian influenza was first detected in U.S. dairy cattle. Introduction of risk in a red-hot market affected prices and price insurance. That may have cattle producers […] Read more
Bovine flu a reminder of risk management in markets
While recent price drops have limited options, cow-calf producers can still lock in a profit, says market analyst
Glacier FarmMedia – The fundamentals still look strong for cattle prices, despite recent hiccups in the futures market, says a market analyst, but for those buying stockers, a little risk management can go a long way. The bovine influenza A virus has infected one person so far but the risk to people and cattle seems […] Read more
Debt forces re-evaluation of planned purchases
It was nice while it lasted, but farmers are facing the financial hangover of an era of cheap credit. With thousands needing to roll over large amounts of debt, critical decisions will be forced on farmers. “As those loans (from the low interest rate years) are maturing, more and more and more operations face the […] Read more
U.S. Federal Reserve leaves lenders, consumers guessing
Anybody thinking about borrowing money or dealing with debt payments didn’t get any clarity on interest rates from the head of the United States Federal Reserve Bank at its annual Jackson Hole conference. “As is often the case, we are navigating by the stars under cloudy skies,” said Fed chair Jerome Powell Aug. 25. “In […] Read more
Water management is another form of risk management
With climate change, the potential and need for water management has grown dramatically, but we’re still a long way away from making most of these water management and risk reduction potentials a reality.
