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Knowing your farm business’s risk profile

The Grains Research and Development Corporation (GRDC) has produced a Fact Sheet to enable grain growers to develop a better understanding of their farm business’s risk profile.

A risk profile describes the combination of a business’s ability to incur risk and an individual’s personal risk attitude.

Understanding the business’s risk profile can improve communication and result in better decision making.

The Fact Sheet, produced as part of the GRDC’s Farm Business Management initiative that was instigated by the GRDC Southern Regional Panel, offers information on risk capacity and attitude to risk, illustrates a risk profile through a case study and advises growers on how they can use the information contained in the Fact Sheet.

The Farm Business Risk Profiles Fact Sheet can be viewed and downloaded here

For further details go to www.grdc.com.au/media-news.

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