Thursday, May 25, 2017

New risk assessment tool coming

The federal government is investing $786,921 in Farm Management Canada to develop a new online agricultural risk-management tool called “AgriShield”. 

It will provide real-time assessments of the potential negative impact of risks to farm businesses and provide an outline of measures that could be taken to reduce the impact on their finances.

“For example,” says the government ‘if an overland flood situation is imminent, the tool can help farmers to assess the degree of risk they face and potential mitigation measures that they can adopt, such as tile draining or insurance coverage.”

Of course, if a flood is imminent, it would be too late to adopt those suggestions. One can only hope AgriShield works better in practice than the example provided.