Sis Managing Risk Down On The Farm 4 isk and uncertainty in agriculture are as old as agriculture itself. Due to uncertainties in weather, yields, commodity prices, governmentpolicies, land management and equipment maintenance, growers have a lot of unknownsto deal with each season. 73” According to a January 2015 BASF-sponsored survey of more than 200 U.S. row crop growers with operations consisting of 500+ acres. 90” Nine out of 10 (90%) growers are very concerned or extremely concerned about commodity price fluctuation, and about twothirds (64%)are very concerned or extremely concerned aboutyield uncertainty. 59” Well overhalf (59%) of those surveyed agree or strongly agree that crop protection companiesshould partner with them in risk management. 55” A majority (55%) of farmers agree orstrongly agree that risk sharing with a crop protection company would give them peace of mind. (NAPSA)—Historians estimate agriculture ban about 12,000 years ago—and farmers have been struggling with risk and uncer- tainty ever since. These days, however, they can get some help. The Problem According to a recent survey, 73 percent of farmers are very or extremely concerned about managing financial risk while 90 percent are about commodity price fluctuations. Two out of three worry about yield uncertainty. An Answer Nearly three quarters (73%) of farmers are very concernedor extremely concerned about managingfinancialrisk in the upcoming growing season. That’s where crop insurance comes in, but crop insurance alone doesn’t ease the worry. Most of the @ farmers surveyedsaid for their own peace of mind, they want crop protection companies to partner with them in risk management. In response, companies such as BASF Crop Protection bring together the best agronomic thinkers, practices, insights and inputs to help growers reach their maximum yield potential rardless of complications. In fact, BASF invests $1.5 million a day globally in research and development to help growers reach a better crop future. Learn More For further facts about farms, go to http://agproducts.basf.us.
