Describe strategies to manage or mitigate risks associated with an agribusiness.

Description should include

• classifying sources of risk
  • financial
  • public relations
• identifying risk-management strategies
  • cash flow projections
  • market trends
  • product liability insurance
  • production or income loss insurance
  • contingency plans.

Process/Skill Questions:

• How can cash flow projection be used to mitigate risk?
• Why is public perception of one’s business important when considering risk-management strategies?