Risk mitigation high in Canadian agriculture

Aug 19, 2022

A FCC survey to understand the influence of the evolving operating environment on risk mitigation strategies shows that risk mitigation levels remain high in Canadian agriculture.

By Andrew Joseph, Farms.com; Photo by Andrew Draper on Unsplash

The FCC (Farm Credit Canada) has released a report on its most recent examination of the risk mitigation strategies affecting Canadian agriculture.

Looking at the categories of production, market, financial, human resources, and legal, the FCC report is based upon a survey about risk perceptions and producers’ implementation of relevant risk management strategies.

First undertaken in 2020, the FCC acknowledges that recent factors surrounding inflation and rising interest rates, the war in Ukraine, supply chain disruptions, and more warrant a 2022 update.

It found that:

Production risk management continued to improve;
Human resources risk remained the lowest risk category;
Risk management strategies differed by sector.

To read the full analysis of this survey, go to the FCC website HERE.

Video: Farm Health Guardian | Digital Biosecurity in Real Time

Disease risk, biosecurity, and real-time monitoring continue to be major topics across the pork industry. In this episode of Swine Web Industry Perspectives, presented by Farm Health Guardian, we discuss how digital biosecurity and real-time data are changing the way producers think about herd protection, people movement, and operational decision-making.

The conversation explores:

disease risk in modern pork production,

the impact of people movement on biosecurity,

the importance of real-time monitoring,

digital biosecurity technology,

and how Farm Health Guardian developed tools designed to support modern swine operations.

As the industry continues focusing on prevention, preparedness, and operational efficiency, connected technologies and actionable data are becoming increasingly important parts of modern herd health management.