AP Blog

By Jason Wissmiller, 08/11/2020
We often receive phone calls from clients and prospects asking for a general liability policy to satisfy an insurance requirement in a contract, such as an airport lease. Like most insurance products, clients buy an aviation general liability policy with little knowledge of what the policy actually covers. In...
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By Mark Holt, 08/03/2020
N-95 masks have been the subject of increased focus by OSHA. These masks were originally designed for industrial use in sectors such as mining, construction, painting and manufacturing. Designed to filter out airborne particulates, they have a logical place in the healthcare setting to control airborne diseases...
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By Trevor Gilstrap, 07/29/2020
Fracking is a method that has been in use for decades but has become the hot buzz word in recent years, and is the alleged cause of everything from tainted water to silicosis. Regardless of your opinion on these growing allegations, these types of lawsuits from upset citizens are increasing throughout the...
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By Chris Pavone, 07/28/2020
Trucking’s role in keeping goods, materials and the economy rolling during the global pandemic has been nothing short of phenomenal and will certainly play a role in re-establishing “normal” supply lines depleted by hoarding households and profiteering resellers. Hopefully, everyone in the...
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Growing rates of healthcare workers are experiencing physical and psychological injury as a result of workplace violence related to resident care. A staggering 95% of healthcare workers have reported exposure to aggression. However, research has found that workplace violence is underreported, signifying that...
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07/15/2020
When setting up a flying club, or managing an existing flying club, there are several things you can do to make yourself more attractive to an underwriter. By making yourself more desirable to an underwriter, you can maximize your coverage and minimize the premiums you pay. Here are our Top 10 Flying Club...
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By Nathanael Alexander, Esq., 07/14/2020
On July 8, 2020, by a vote of 7-2, the Supreme Court of the United States (SCOTUS) in their Little Sisters of the Poor decision upheld Trump administration rules permitting employers to decline contraceptive coverage (including preventative health services, birth control pills, IUDs, etc.) on the basis of...
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By Nathanael Alexander, Esq., 07/08/2020
On June 15, 2020, the Supreme Court of the United States (SCOTUS) held in Bostock v. Clayton County, Georgia that Title VII of the Civil Rights Act of 1964 bars an employer from firing an individual merely for being gay or transgender. In its ruling, the Court noted that it is “impossible to discriminate...
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By Gina Ekstam, 07/08/2020
Agribusiness worksites, shared worker housing, and shared worker vehicles present unique challenges for preventing and controlling the spread of COVID-19. Joint guidance by the CDC and DOL provides a template that employers can adapt to protect their workers. Through thoughtful planning, it is possible to...
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By Nathanael Alexander, Esq., 07/02/2020
Due to the COVID-19 pandemic, countless employees with young children have opted to utilize the time off provisions of the Families First Coronavirus Response Act (FFCRA) in order to provide care to their children in lieu of school and day care center closures nationwide. Now that schools are closed and a vast...
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Managing Your Agribusiness Risk using a Risk Framework
06/15/2020

As a result of the pandemic, agribusiness operations face additional pressures and are:

  • Rethinking and re-routing product delivery around restrictions
  • Increasing direct or on-farm sales
  • Refocusing resources (e.g., distilleries making hand sanitizer)
  • Adjusting to new rules in order to continue operations while keeping everyone safe
  • Coping with an increased labor shortage

Risk management strategies are developed to offer protection and have historically been dealt with separately and in the short run. Because of the interconnectedness of the ag industry, a risk framework that considers proactive strategies to address the complex dynamics in an integrated way could balance the short- and long-term profitability, health, vitality and adaptability of the operation.

An integrated, multi-disciplinary systems approach to risk management builds partner relationships and promotes continuous learning, which improves the capacity to make realistic plans. It further allows us to reframe problems or threats into lessons or opportunities, as well as identify resources and understand how to use those resources effectively.

The success or failure of an ag business is determined by the operation’s ability to manage risks. Using a risk framework can help address the unprecedented challenges agribusinesses are facing by:

  • Preventing and mitigating issues
  • Integrating best practices from a variety of sources
  • Guiding educational, support, and public policy
  • Guiding decision-making and program planning
  • Providing new perspectives when making decisions about risks
  • Applying risk management tools to build resilience over time

Understanding business goals, risk attitudes, expectations for the future, equity position, resources available, market availability and other factors are an important first step. For help mitigating your risks and navigating the current regulatory landscape, contact our team of agribusiness professionals