Provided by Steve Hodges - African Agriculture Risk Management Services

Within the internationally recognized field of agricultural risk assessment and management, risks can be evaluated according to three basic criteria :

  1. Impact:   In other words, how severe will the risk event be if it actually happens? Some risks can destroy the whole year's farm income and even destroy assets; other risks are milder in impact.
  2. Likelihood:  How likely is this risk to come about? Some risks are rare and unpredictable, others are more likely to happen.
  3. Manageability:  Independent of how severe or how likely a risk is, some risks are out of the control of the farmer, others can be handled to a large or small degree. It makes sense to prioritize scarce resources on risks which can actually be managed.

5 Issues in this Publication (Showing 1 - 5)

Risk Assessment/ Measurement and Prioritization in Agriculture - 2017-01-20

A Comprehensive Agricultural Risk Assessment Survey should include key informants like those listed below, to assess risk at both:

  • the farmer/ARE level and
  • the value-chain level.

It will never be possible to include all the informants listed below, but the best risk assessment resulting in the best risk management plan will include as many of these key informants as possible:

  1. farmers/operatorsof agriculture related enterprises
  2. officers/staff of groupsof farmers/agriculture related enterprises
  3. neighbors of farmers/operatorsof agriculture related enterprises
  4. extension staff
  5. bankers/SACCO staff/MFI staff
  6. suppliers, traders, purchasing companies, other buyers
  7. staff of CBOs, CSOs, national NGOs, international NGOsinvolved with the farmer/ARE

After the best possible Comprehensive Agricultural Risk Assessment Survey is conducted, the information collected needs to be analyzed:

  • for accuracy,
  • for truthfulness,
  • for the perspective/bias of the informants,
  • for gaps in information, and
  • for gaps in the understanding that key informants may have

This information in this presentation is best used in conjunction with the other Risk Management materials provided by Steve Hodges, Managing Director/Consultant, African Agriculture Risk Management Services, Uganda.  Steve spoke at the 2012 ECHO International Agriculture Conference

 

Agricultural Risk Management Services: A Key to Increasing Financial Inclusion of Farmers - 2013-03-13

Within the internationally recognized field of agricultural risk assessment and management, risks can be evaluated according to three basic criteria :

  • 1. Impact:   In other words, how severe will the risk event be if it actually happens? Some risks can destroy the whole year's farm income and even destroy assets; other risks are milder in impact.
  • 2. Likelihood:   How likely is this risk to come about? Some risks are rare and unpredictable, others are more likely to happen.
  • 3. Manageability:   Independent of how severe or how likely a risk is, some risks are out of the control of the farmer, others can be handled to a large or small degree. It makes sense to prioritize scarce resources on risks which can actually be managed.

This information in this presentation is best used in conjunction with the other Risk Management materials provided by Steve Hodges, Managing Director/Consultant, African Agriculture Risk Management Services, Uganda.  Steve spoke at the 2012 ECHO International Agriculture Conference

Ag Risk Management Planning Process and Scoring Grid - 2013-01-20

Risk Management Planning assumes that assessment of risks has taken place, and that risks have been prioritized according to severity, likelihood, and manageability of the risks. The resulting risks can then be placed on the scoring grid below and actions identified to address the risks. Once actions are scored, the ones scoring highest can then be placed into the Risk Management Action Plan Grid

This information in this scoring grid is best used in conjunction with the other Risk Management materials provided by Steve Hodges, Managing Director/Consultant, African Agriculture Risk Management Services, Uganda.  Steve spoke at the 2012 ECHO International Agriculture Conference

Ag Risk Assessment Prioritization Worksheet - 2013-01-20

This information in this worksheet is best used in conjunction with the other Risk Management materials provided by Steve Hodges, Managing Director/Consultant, African Agriculture Risk Management Services, Uganda.  Steve spoke at the 2012 ECHO International Agriculture Conference

Ag Risk Assessment Practical Exercise Koboko - 2013-01-20

This Risk Assessment Exercise is best used in conjunction with the other Risk Management materials provided by Steve Hodges