Join us August 25th at the Weyers Cave Community Center in Weyers Cave, Virginia for “Drought Risk Management for Grazing and Haying Operations.” The program will start at 10:15 am and include presentations on Pasture, Rangeland and Forage (PRF) insurance, the Noninsurable Crop Assistance Program (NAP) and a fun, interactive RightRisk Ag Survivor simulation workshop. Program details can be found by clicking the link below.
Drought Risk Management for Grazing and Haying Operations
This event is being presented by RightRisk, LLC in cooperation with Virginia Cooperative Extension with funding support from USDA Risk Management Agency, Farm Credit of the Virginias, and the First Bank & Trust Company.
Join us August 5th and 6th at the Seba Dalkai School in Arizona for the Navajo Nation Traditional Agricultural Outreach (NNTAO) Farmers and Rancher Workshop and Roundtable Event. Registration and program details can be found by clicking the link below.
NNTAO August Conference Invitation and Registration
This two-day event is being organized by Developing Innovations in Navajo Education, Inc. with funding support from USDA. On day one of the event we will be presenting one-hour programs on each of the first three steps in the Strategic Risk Management Process.
Here is our schedule on August 5th:
11:00 am – Noon Step 1 Determining Financial Health (Jay Parsons)
1:00 pm – 2:00 pm Step 2 Determining Risk Preferences (Dana Hoag)
2:15 pm – 3:15 pm Step 3 Establishing Risk Management Goals (Parsons)
We’ll be covering each of these steps in considerable depth and have some hands-on training opportunities available with some of the associated Risk Navigator SRM tools.
Version 3.0 of the Ag Survivor High Plains Ranch scenario has now been released and is available on the Ag Survivor website at
http://www.AgSurvivor.com/HighPlains.aspx
This update includes a major update to the Pasture, Rangeland, and Forage (PRF) Vegetation Index insurance component of the simulation. For the 2010 crop year, RMA changed the intervals that were available. High Plains Ranch version 3.0 reflects that change as well as updating vegetation index data, PRF premium rates, PRF indemnity calculations, and some Internet Explorer browser display issues that have developed since the release of High Plains Ranch version 2.0.
RMA recently announced further updates to PRF insurance for the 2011 crop year. Those updates will be incorporated into High Plains Ranch version 3.1 scheduled for release in August 2010.
The Risk Efficiency Tool was recently updated in the RiskNavigatorSRM.com toolbox. This update provides a new Excel file that contains minor changes to the worksheets and background code in the Risk Efficiency Tool.
The updated Risk Efficiency Tool is available at
http://www.risknavigatorsrm.com/toolbox/RiskEfficiencyTool/default.aspx.
The Risk Efficiency Tool has two major risk management tools, a SERF analysis and a stoplight diagram, that allow you to compare alternative risk management actions.
The Risk Efficiency Tool complements Chapter 11, Step 7 Choose the “Best” Risk Management Alternative, in Applied Risk Management in Agriculture.
Make plans now to attend “Strategic Risk Management in Agriculture” an interactive risk management workshop offered on Tuesday, June 22, 2010 at the City Hall in Stanford, Montana. The workshop will run from 11 am to 3 pm and lunch will be provided.
A complete announcement is available at
http://www.agsurvivor.com/workshops/2010CentralMTRiskMgmtFlyer.pdf
This program will provide an overview of effective strategic risk management practices in agriculture and how to effectively use emerging risk management tools. It will also include an opportunity to practice making risk management decisions in a fun, interactive Ag Survivor session.
This program is presented by RightRisk, LLC in cooperation with Montana State University Extension. Funding for this RightRisk program is provided by the USDA Risk Management Agency.
Reserve your seat today by contacting Janna Kincheloe, MSU Judith Basin County Extension, at 406-566-2277 Ext. 104 or jjk@montana.edu.
Make plans now to attend “Strategic Risk Management in Agriculture” an interactive risk management workshop offered in Lewistown, Montana on Monday, June 21, 2010 at the Central Montana Education Center. The workshop will run from 11 am to 3 pm and lunch will be provided.
A complete announcement is available at
http://www.agsurvivor.com/workshops/2010CentralMTRiskMgmtFlyer.pdf
This program will provide an overview of effective strategic risk management practices in agriculture and how to effectively use emerging risk management tools. It will also include an opportunity to practice making risk management decisions in a fun, interactive Ag Survivor session.
This program is presented by RightRisk, LLC in cooperation with Montana State University Extension. Funding for this RightRisk program is provided by the USDA Risk Management Agency.
Reserve your seat today by contacting Darren Crawford, MSU Fergus County Extension, at 406-535-3919 or dpc@montana.edu.
The Human Resource Risk Assessment tool was recently updated in the RiskNavigatorSRM.com toolbox. This update provides a newer flash file version of the Human Resource Risk Assessment tool that is enabled for printing, saving, and reloading of a saved file. We think you’ll find this new version easy and pleasant to use.
The updated Human Resource Risk Assessment tool is available at
http://www.risknavigatorsrm.com/toolbox/HumanResourceRiskAssessment/default.aspx.
The Human Resource Risk Assessment tool is designed to assist the business manager in making a complete HR risk assessment and deciding which sources of HR risk require controls. The Human Resource Risk Assessment tool calculates an index number that allows the manager to get some basic idea about which HR risks represent the greatest threat to the business. Then, the manager will have a better idea about which sources of HR risk need attention in the future and which represent little threat to continuing business activities.
The Human Resource Risk Assessment tool complements Chapter 16, Human and Institutional Risk, in Applied Risk Management in Agriculture.
Make plans to attend our “Managing Risk on Colorado Rangeland” risk management workshop in Montrose, Colorado on July 20, 2010 at the Holiday Inn Express. The workshop will run from 2-5 pm. It will include a range monitoring presentation by Robbie Baird LeValley titled “Documenting the Good You Do” and two presentations on emerging risk management insurance tools. It will also include an opportunity to practice making risk management decisions in a fun, interactive Ag Survivor session. A complete announcement is available at
http://www.agsurvivor.com/workshops/2010PromotionalDocMontrose.pdf
Reserve your seat today by contacting Maggie Graham at 970-491-1610 or by email at Margaret.Graham@colostate.edu.
Our RiskNavigatorSRM.com companion book Applied Risk Management in Agriculture was released in October 2009 by CRC Press. We have recently updated the table of contents on our RiskNavigatorSRM.com textbook page to match exactly with what was published.
You can access the updated page here.
Furthermore, we have posted updated files for our online sample chapters. Those sample chapters include:
Chapter 4: The Strategic Risk Management Process
Chapter 8: Step 4: Prioritize Risks
Chapter 17: Ag Survivor
If you wish to purchase the book or request a review copy from CRC press click here.
Risk Navigator SRM© is a ten-step risk management program based on the strategic planning process. The Risk Navigator SRM© program was developed to make risk management accessible to typical agricultural producers. The ten steps are designed to integrate disparate and difficult risk management concepts into a single system that is easy to use, yet still effective.
Risk Navigator SRM© is housed on a public website at RiskNavigatorSRM.com. The website includes detailed descriptions about a ten-step strategic risk management program and 25 customized computer tools to help decision makers with each step. The site also includes links to complementary educational materials, such as a risk practice simulator called AgSurvivor, a comprehensive book titled Applied Risk Management in Agriculture. The book includes a comprehensive discussion about risk management, matched to the ten steps and includes a case study to demonstrate each step. With the aid of computers and the internet, producers can work through each step toward a final comprehensive plan.
This blog is a forum for three of the primary authors of the Risk Navigator SRM© materials to share their thoughts and experiences pertaining to risk management. Dana Hoag, Jay Parsons and Duane Griffith share responsibility for this blog and welcome your comments to their posts.