The agricultural industry is one of the most essential industries known to man. It’s what sustains our very existence and is the foundation of many other industries and economies. Yet, this industry is also surprisingly misunderstood by many people who are not in the industry; it tends to be much more intensive and intricate than many realise.
The knowledge and skills related to agri risk management are some of the most vital abilities required to achieve success in this industry and should thus form part of any education within this field.
What is Agri Risk Management?
Farming is typically a risky undertaking for many reasons. The productivity of a farm is subjected to a multitude of risks and challenges such as yield, weather, and market fluctuations – many of which are outside of the farmer’s control. If these risks are ignored and a farmer and/or his business aren’t prepared for the risks occurring, it could have devastating effects on the farm, the business, and even the community and the economy. Agri risk management refers to the process of identifying these risks and challenges and taking the necessary actions to protect a farm and business against the impact of these risks either through eliminating the risk, mitigating the effects, or stockpiling to increase resilience.
Why is Agri Risk Management Important?
- For a rural family, it could mean the difference between thriving and struggling to survive.
- For farmers, the ability to successfully manage risks will mean the difference between growth and financial ruin. Failure to plan could lead to major losses in yield or financial losses on the market. If the business is not resilient enough, it will go under, which in turn will also negatively affect all the people employed by the farmer, as well as their families.
- For the greater community, the ability to manage agricultural risks means an increase in food security and more stable economic conditions.
Why Should You Study Agri Risk Management?
If you are planning to follow a career in agriculture, the knowledge related to this topic will not only be invaluable, but vital to thrive. It forms an intricate part of running an agriculture-based business, and all decisions within such a business are based on the insights obtained through this knowledge.
Additionally, since agriculture plays such an essential role in our economy and survival, it is an industry where the skills obtained through studying this subject will always be in demand.
Where Can You Study Agri Risk Management?
Start your agricultural education with AGRICOLLEGES international today. As an e-learning solution, we make it possible for you to study from anywhere, at any time, making the world of agriculture accessible to all. We offer a wide range of courses, including a National Certificate in General Agriculture, the Fundamentals of Agriculture, and an Introduction to Agriculture that all address agri risk management as part of their respective courses. It’s one of the most affordable learning options available – all you need is a smart mobile device and access to the Internet. You can even download your work at a Wi-Fi hotspot and study offline. Applications are now open!