Share

Risk Management

Videos

Adding value, converting produce to shelf stable items, helps farmers recoup production costs. This video shows steps of preparing, producing and packaging to convert fresh apples to dried slices.

Publications

Written by John C. Becker Professor, Agricultural Economics and Law. Evaluates and helps you answer the questions: How can the change occur? -How can the needed item be acquired? Can the person who needs the item build it or raise it herself? Would it be cost effective to do so?

Negotiation is a process by which a group of people comes to a common agreement about a matter that interests all of the people in the group. Negotiation is a basic approach that is used when coming to agreement on any specific issue.

If you are only engaged in one enterprise (growing corn for example) and have a crop failure, it will be more devastating than if you grew more crops. By diversifying, you are spreading the downside risk over more than one enterprise.

PDF, 658.0 kB

This publication discusses managing risk, GAPs, GHPs, HAACP, liabilities, allergens, and recall plans.

Record keeping is becoming a critical task in production agriculture.

My Food Venture Risk Management Plan

If you have started or are planning to begin a value-added food business, you should consider your risk management plan and what will be included within that plan.

Before starting a food processing or value-added enterprise, you should review this page and the following pages to determine your risks and how to mitigate those risks.

Good Agricultural Practices (GAPs) and Good Handling Practices (GHPs) are voluntary programs that you may want to consider as many customers are now requiring some form of third-party auditing of food safety practices.

Having a Hazard Analysis Critical Control Points (HACCP) plan will help ensure a consistent product for sale. You will need to develop this plan for your operation and the following information will assist you with the process.

This article will highlight what types of insurance coverage you will need for your food business.

Many people suffer from food allergies. This article will inform you of the necessary steps to warn consumers of potential allergens contained in your product(s).

Having a recall plan in place will be critical if the need for a recall occurs. Practicing the recall plan on a regular schedule is also helpful in determining if the plan actually works.

Insurance Documents

These documents are intended for use by any producer or person considering changing insurance companies. The documents cover insurance for your operation, home, vehicle, or crops.

This document covers specialty insurance products for your farm operation.

This product is generally used by operations with a roadside market.

This document includes a checklist of the information you will need to contact an insurance provider to purchase crop insurance.

Information regarding insurance covering your farm.

If you live away from your farm or rent where you live, this document contains valuable information for you.

If you are adding value to or direct marketing all or a portion of your crop, this document contains information for your operation.

Any vehicle that has a license plate in Pennsylvania is required to be covered by insurance.

This crop insurance product will insure your farm income. It can be used along with traditional crop insurance products.

Other

Risk is uncertainty that affects an individual's welfare, and is often associated with adversity and loss.

Some risks are unique to agriculture, such as the risk of bad weather significantly reducing yields within a given year. Other risks, such as the price or institutional risks discussed below, while common to all businesses, reflect an added economic cost to producers.

This video illustrates potential impacts on farm businesses due to the newest rules from the US Dept of Labor.