Agricultural production implies an expected outcome or yield. Variability in those outcomes poses risks to your ability to achieve financial goals. Any production related activity or event that has a range of possible outcomes is a production risk. The major sources of production risks are weather, climate changes, pests, diseases, technology, genetics, machinery efficiency, and the quality of inputs. Fire, wind, theft, and other casualties are also sources of production risk. This quiz will help you identify some of your major sources of crop and livestock production risk and the ways you can reduce your financial risk at the same time. For instance, if you are considering diversifying or adding another enterprise, this checklist can help you identify income and risk relationships between a prospective new enterprise and existing enterprises?
Many of the resources generated in this To-Do list draw from and include direct excerpts from the Hawai‘i Agribusiness Guidebook.