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Beginning Farmer Resource Network of Maine


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Home - Managing Risks

Successful farming involves successful risk management. Managing risk on the farm requires an understanding of what the potential risks may be and having a plan in the event they occur. There are several types of risk you should be aware of, including: production, marketing, financial, weather, human resources, and others. You can mitigate many of these risks by diversifying your product mix and marketing outlets, utilizing various insurance options, and making well-informed decisions by having a competent team of trusted advisers consisting of: accounting, legal and industry specific consultants and business planners.

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Beginning Farmer Resource Network of Maine
Phone: 207-353-5550 or 800-287-1458 (in Maine)E-mail: tori.jackson@maine.edu
The University of Maine
Orono, Maine 04469
207.581.1110
A Member of the University of Maine System