Mitigating Farming Risk in 2023
Posted On: February 21, 2023 by Prevail Bank in: Business
How Farmers Can Mitigate Risk
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There are several risk factors to consider outside of production alone to produce a flourishing farming business. These areas include but are not limited to production risk, price or market risk, financial risk, institutional risk, and human risk. Preparing for the unknown through proper risk management of these areas mentioned is something every farmer should consider. The farming landscape is ever-changing, and limiting uncertainties through risk management planning...
