Since 2020, aggregated from related topics
Agricultural risk management involves identifying, assessing, and mitigating the various risks that farmers and agricultural businesses face in their operations. These risks can include natural disasters, such as droughts or floods, market fluctuations, policy changes, and financial risks. Effective agricultural risk management strategies may involve tools such as insurance, diversification of crops or livestock, hedging in commodity markets, forward contracting, and adoption of new technologies to improve resilience. The goal of agricultural risk management is to help farmers and agricultural businesses reduce their exposure to potential risks and improve their overall financial stability and sustainability.