Risk Management
In farm management, it’s crucial to handle risks properly to keep the farm running smoothly. Risk management means figuring out what could go wrong on the farm, like bad weather or changes in prices, and making plans to deal with those problems. By being ready for these challenges, farmers can make smart choices to protect their farm and make it more successful in the long run. It’s like having a backup plan for different situations so that the farm can keep going even when things get tough.
Agriculture and Agri-Food Canada (AAFC) has several programs and services that can help you manage the financial risks and needs of your farming business. These programs and services include cash advances, government-guaranteed loans and confidential mediation for farm debt repayment.
Learn More About the AAFC Farm Risk and Finance Tools
Canadian accounting and business consulting firm, MNP, has Agriculture Risk Management Resources (ARMR) to provide you with critical information so that you can grow your business while protecting and safeguarding it during challenging times. With ARMR and MNP’s Ag Risk Management Projector™, we help you understand and evaluate the best options for you, your business and your peace of mind.
