Friday, October 7, 2022
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Managing Risks At The Farm

by Harvest Money Editor
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There are bad days on the farm and these include when there are incidents like price fluctuations, death, accidents, drought, storage, theft and malice by neighbours who may not like your project near them.

You need to have a plan B. An alternative for action if expected results fail to materialize

Do not rely on one farm enterprise

Plan for bad days, for example, save some money in the bank to pay workers’ salaries or buy replacement seeds.

Just in case a worker runs away, you need to have an eye on a possible immediate replacement.

And to stop incidents of theft, you need to have good relations with neighbours because these are the eyes and ears of the farm. You can do this by engaging in civil social responsibility for example in village activities such as burials and cleaning the water source. You can set up a water source for the village (this should be outside the farm).

Bio-security measures at the farm must be in place in order to stop diseases. These include:

  • vaccinating
  • foot baths
  • Quarantining
  • Burning of diseased/dead species
  • Spraying and deworming
  • Timely planting and harvest
  • Intercrop where necessary

Keep tabs on the market

Sell at the earliest good price offered

Invest in good storage. This could be silos, storage barns, or milk coolers

During times of drought, sell animals to reduce on loss; restock after

Plan how to feed livestock by paddocking and planting grass

Hire security guards to look and watch over your enterprise.

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