Why Does Your Farm Need Risk Management?
Risk management is an often overlooked strategy that can make a difference in the success of your farm. Our mission is to provide farmers and agribusinesses with information to improve farm financial management and reduce risk.
Managing Risk, Strengthening Farms
Farming is an essential part of Connecticut’s economy and communities—but it comes with inherent risks. Weather events, market fluctuations, equipment failure, labor shortages, regulatory changes, and even health issues can all threaten the success of an operation. That’s why farm risk management is critical. By identifying potential risks and planning ahead, farmers can protect their livelihoods and build long-term resilience.
What is Farm Risk Management?
Farm risk management involves identifying, assessing, and preparing for potential risks that could impact your farm. These risks typically fall into five categories:
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Production Risk – crop and livestock losses due to weather, pests, or disease
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Financial Risk – changes in interest rates, credit access, or unexpected expenses
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Market Risk – price volatility and shifting consumer demand
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Legal and Regulatory Risk – liability issues and changing laws or regulations
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Human Risk – health, safety, and labor challenges affecting you, your family, or employees
Understanding these categories helps farmers make informed decisions and develop strategies to minimize disruptions.
How UConn Extension Helps
UConn Extension’s farm risk management programs give producers the tools they need to manage uncertainty and make confident business decisions. We offer:
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Educational workshops and webinars
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Online courses and decision-making tools
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Personalized technical assistance
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Updates on federal risk management programs
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Resources for navigating crop insurance, conservation compliance, and recordkeeping
Our team works closely with farmers across Connecticut to strengthen farm viability through proactive risk planning. Whether you're an established producer or just starting out, UConn Extension is here to help you reduce risk and improve resilience.
Explore our resources and take the next step in protecting your farm.
