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: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

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