QFF Farm Business Hour May 2023 – Managing farm financial and market risks

Date: Wednesday, 31 May 2023
Time: 4:00pm – 5:00pm AEST
Registration: Register here

Managing farm financial and market risks

Farm businesses face many different types of risk, and these vary considerably by type of production and geographic location. Risk is an inherent part of farming and has been long associated with the industry. Irrespective of the size or location of a farm, or the commodity it produces or grows, farmers are called upon every day to make decisions about the risks they face.

The value of Australian agricultural production is amongst the most volatile of all large agricultural markets. Factors including significant variations in weather conditions, as well as a relatively high exposure to global (export) commodity prices, have resulted in the second largest volatility of national annual agricultural output. There are many tools that can help mitigate financial and market risks, although their use and application has not always been consistent. For some producers, these tools are an essential part of their risk management toolkit. Others, consider them too expensive, too complex or just irrelevant to their operations. Traditionally, farmers have assessed and managed these risks with an informal ‘gutfeel’ approach. Nonetheless, it is imperative that all farmers understand these risks, and what risks management tools are available to them, in a more formal approach.

In this episode of the QFF Farm Business Hour we will discuss how to manage farm financial and market risks including:

• Understanding farm financial and market risks
• Volatility of prices and farm production
• Analysing risk impact
• Treating risks to your business
• What if you fail?
• Available tools to build a resilient farm business

For more information, please download the PDF flyer for the event here.