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Conference Name RightRisk – New Risk Management Materials for the Smaller Enterprise Manager

John P. Hewlett


RightRisk is an Extension education program which has been offered across the western United States since its inception in 2002. Team members offer programs using portable computer labs and web-based software to managers located in remote locations from the bottom of the Grand Canyon to the windswept-plains of Wyoming.

Program offerings have expanded beyond the risk simulation – Ag Survivor – to include a ten-step process for strategic risk management with accompanying tools for implementation. Additional courses covering dimensions of risk management have been developed, including: Rural Enterprise Feasibility and Taxes for Agricultural Enterprises.

The enterprise feasibility course covers Agricultural and Rural Enterprises: definition and common traits, alternative enterprises, level of interest and SWOT analysis; Selecting and Planning for Alternative Enterprises: assessing feasibility, competitive analysis, and business planning; and Assessing Risks: risk preferences, sources of risk, and risk management strategies. The taxes for agricultural enterprises course covers the Definition of a Farm, The Importance of Records, Farm Income, Farm Expenses, and Tax Management.

The RightRisk team is dedicated to providing hands-on solutions to risk management issues faced by agricultural enterprise managers. These two, new courses offer useful and relevant risk management information to the new, beginning, or smaller manager.