Farming can be unpredictable, but your future doesn’t have to be.
Only 35% of farmers have a resiliency plan in place.1 That means most farms are vulnerable to the unexpected, whether it’s a market disruption, labor shortage or technology failure.
Farm Risk Ready is an initiative designed to help you prepare for new and future risks. So when challenges hit, your farm is ready to keep moving forward. Through tools like the Farm Risk Ready plan builder and the Farm Risk Ready assessment quiz, you can identify where your operation might be exposed and create a strategy to minimize downtime and financial loss.
Risk is part of farming. Being caught off guard doesn’t have to be.
Develop a Farm Risk Ready plan
What is a Farm Risk Ready plan?
It's a proactive strategy to help you identify and address potential threats, such as market shifts or supply disruptions, before they escalate into major problems. The plan provides a clear road map for navigating disruptions, ensuring that you can respond with confidence and clarity when challenges arise.
This plan provides a comprehensive approach to managing risks. By spotting potential issues early, you can:
- Help protect your bottom line
- Respond with confidence and clarity when challenges arise
- Strive to minimize downtime and avoid costly interruptions
- Demonstrate to lenders and insurers that you are a responsible operator
Ultimately, a Farm Risk Ready plan helps safeguard your family, future and legacy, providing stability today and preserving opportunities for the next generation.
Get started
Take our quiz to identify your risks and understand where your farm stands today.
Take the assessment
Fill out the Farm Risk Ready plan builder to create a strategy for the future. If needed, you can review a sample plan.
Start my planMore resources
Learn about risks, management strategies, contingency plans, employee communication and recovery planning.
Our white paper outlines the importance of risk management and gives insights into building a Farm Risk Ready plan.
Stay up to date on trending agriculture issues and how they can affect your farm or ranch.
Resiliency refers to the ability to adapt to changes and manage risks effectively.
A resilient farm is one that adapts to changes and manages risks effectively. It involves assessing vulnerabilities, potential disruptions and consequences to ensure that the farm is protected against emerging risks such as supply disruptions, food contamination, labor disruptions and more.
You can develop these strategies by considering various approaches such as risk avoidance, risk acceptance, risk transfer and risk mitigation. These strategies help minimize identified risks and ensure your farm's resilience. Learn more in the Five Steps to Build a More Resilient Farm document.
A Farm Risk Ready plan helps you manage risks effectively, maintain financial stability and protect reputations. Assessing vulnerabilities and potential disruptions is crucial for you to understand the risks you may face and develop strategies to manage them effectively. This process helps identify key revenue streams, essential resources and critical relationships, ensuring that your operation is protected.
A Farm Risk Ready Plan helps minimize the impact of disruptions by providing detailed contingency plans, effective communication strategies and recovery measures. These components ensure that you can respond quickly to crises, resume normal operations and reduce recovery time and expenses.