Benchmarking and Managing Risk

 
 
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A list of resources to identify what strategies are working, what needs improvement and how to manage risk.

Benchmarking

Alberta Agriculture and Rural Development - Government of Alberta
Benchmark Your Cow/Calf Operation: overview of benchmarking for an Alberta cow/calf operation.
CropChoice$ Computer Software: calculate expected total margins and probabilities based on soil and moisture conditions, along with long term yield and price data, creates a "base" cropping plan, then compare it to other different scenarios.
Economic, Productive & Financial Performance of Alberta Cow/Calf Operations: key benchmarks for beef cow/calf (weaned - calf) operations by each major grass type (ecoregion) of Alberta.

Farm Financial Ratios: use financial ratios and margins in assessing, benchmarking and monitoring farm performance.
Fir$t:: analyzes cattle feeding investments.
Managing Risk for Farm Direct and Ag Tourism Ventures: basic components of risk management for farm direct marketing and ag tourism ventures as it relates to liability issues.
RiskChoices: developing risk management strategies.

Agriculture and Agri-Food Canada - Government of Canada
Benchmarking Your Farm: financial benchmarking tool to assess operational performance.
Managing Market Risk: introduces the concept of market price risk and some of the products to manage risk.

Business Owner's Toolkit - Toolkit Media Group, a Wolter kluwer Business
Protecting your assets: protecting your assets by establishing business risks and limiting liabilities.

The Alliance Sector of Councils - Funded by the Government of Canada's Sector Council Program
The Alliance of Sector Councils (TASC) is a coordinating body formed of some 29 Sector councils. Sector councils bring together representatives from business, labour, education, and other professional groups in a neutral forum in order to comprehensively and cooperatively analyze and address sector-wide human resource issues. Site map
Risk Management
Small Business owner’s checklist of risks that should be managed, involving the protection of unexpected losses in the business’s assets, earning power and human resources.

FarmCentre.com - Canadian Farm Business Management Council
The FarmCentre.com provides leading edge resources to enable Canadian farmers to make sound management decisions.
Agriwebinars: free on-line seminars covering current trends, opportunites and challenges in the industry.
Managing Farm Business Risk: identifies six categories of risk: production risk, human resource risk, marketing risk, public policy risk, legal risk and financial risk, that Canadian producers face, and suggests remedies to deal with these risks.
Resources and Publications: current management tools and resources for farmers, educators and advisors.
Sitemap

George Morris Centre - Independent think tank, Canada-wide, not for profit charitable organization, Guelph, Ontario
Centre provides industry decision makers with critical information and analysis on issues affecting the Canadian agri-products sector. Products and services assist public and private sector clients who are adjusting to change, and those leading the change.

Industry Canada - Government of Canada
Performance Plus: interactive on-line financial performance tool to help new and established firms determine how they measure up to the competition.

Royal Bank of Canada (RBC)
Definitive Guide for Small Businesses - identify trends and economic drivers that affect business performance to minimize risks and maximize opportunities.
Online Ag Advisor: assesses risk management by analyzing responses from key areas; and then provides recommendations & benchmark analysis.


For more information on Renewal projects and programs, please visit: www.agriculture.alberta.ca/renewal
or call the Ag-Info Centre toll-free in Alberta at 310-FARM (3276)


 
 
 
 
For more information about the content of this document, contact Jodi Murphy.
This document is maintained by Jackie Majic.
This information published to the web on December 20, 2004.
Last Reviewed/Revised on October 6, 2008.