Risk Assessment and Management
Within the internationally recognized field of agricultural risk assessment and management, risks can be evaluated according to three basic criteria :
- Impact: In other words, how severe will the risk event be if it actually happens? Some risks can destroy the whole year's farm income and even destroy assets; other risks are milder in impact.
- Likelihood: How likely is this risk to come about? Some risks are rare and unpredictable, others are more likely to happen.
- Manageability: Independent of how severe or how likely a risk is, some risks are out of the control of the farmer, others can be handled to a large or small degree. It makes sense to prioritize scarce resources on risks which can actually be managed.
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- Also available in:
- Español (es)
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- Also available in:
- Español (es)
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- Also available in:
- Español (es)
- Français (fr)
- Provided by Steve Hodges - African Agriculture Risk Management Services Within the internationally recognized field of agricultural risk assessment and management, risks can be evaluated according to three basic criteria : Impact: In other words, how severe will the risk event be if it actually...
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- This edition of The State of the World’s Land and Water Resources for Food and Agriculturepresents objective and comprehensive information and analyses on the current state, trends and challenges facing two of the most important agricultural production factors: land and water. Land and water...