With: Glennis McClure, farm and ranch management analyst, and Jay Parsons, farm and ranch management specialist, UNL Center for Ag Profitability
Establishing a good risk management culture is one of the keys to success in business. This is especially true for beginning farmers with modest equity positions and high input costs. In this webinar, we discuss the principles of using enterprise budgeting to establish costs of production. We then explore how to use this information in a good risk management culture to effectively manage risk. We will provide a brief overview of new enterprise budgeting resources available from the Center for Agricultural Profitability and demonstrate some of the features designed to give you the information you need to make good decisions in the risky environment of modern agriculture.
Article + Podcast: Five Key Principles of a Good Risk Management CultureSlides CAP Webinar Page