1st Edition

Applied Risk Management in Agriculture

Edited By Dana L. Hoag Copyright 2010
424 Pages 145 B/W Illustrations
by CRC Press

419 Pages
by CRC Press

Defining the fundamentals of building a risk management plan, Applied Risk Management in Agriculture uses strategic management to organize the process of risk management. A time-tested procedure inside and outside the business community, this technique provides an ideal platform for organizing risk. Making complex principles easily accessible to students without compromising the rigor needed... Read more

Introduction
Introduction, D. Hoag
Managing Risks and Risky Decisions, D. Hoag
A Case Study of EWS Farms, A. Sprague and C. Keske
The Strategic Risk Management Process, D. Hoag and J. Hewlett
The Strategic Risk Management Process
Step 1: Get a Financial Health Checkup, D. Griffith
Step 2: Determine Risk Preferences, D. Hoag and C. Keske
Step 3: Establish Risk Goals, J.P. Hewlett
Step 4: Prioritize Risks, D. Hoag
Step 5: Identify Risk Management Alternatives, J. Parsons and D. Hoag
Step 6: Determining the Likelihood of Outcomes, C. Keske, D. Hoag, and E. Fathelrahman
Step 7: Choose the "Best" Risk Management Alternative, D. Hoag, E. Fathelrahman, and J. Ascough
Steps 8 through 10: Manage Operational Risks, J.P. Hewlett
Advanced and Customized Risk Management Programming
Marketing and Price Risk, J. Prichett
Production Risk, J. Parsons
Understanding Your Financial Statements and Ratios for Risk Management, D. Griffith
Human and Institutional Risk, J. Hewlett and D. Hoag
Ag Survivor, D. Hoag and J. Parsons
Building Customized Risk Management Plans, D. Hoag and D. Griffith
Index

Biography

Dana L. Hoag is a professor in the Department of Agriculture and Resource Economics at Colorado State University, Ft. Collins.

"...the text presents ten easy steps and a strategic framework to organize and develop relevant and practical risk management plans. These steps fall neatly into three traditional stages of strategic risk management, and the practical formulaic framework accommodates a breath of information. The book covers, strategic, operational, and tactical needs, decision-making processes, and the prediction and probability of results. It is supported by a Risk Navigator website that supplies tips and a user guide for the software and keeps information up to date."
--Abstracts of Public Administration, Development, and Environment, 2010