A three-day course, December 9-11, 2014 in Denver, CO, will enable participants to become certified ISO 31000 risk management professionals (Foundations level). This training and exam are based on the ISO 31000 risk management standard which can be used by organizations of any size, any industry, and any sector.
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In his book Thinking, Fast and Slow, Daniel Kahneman defines intense regret as “what you experience when you can most easily imagine yourself doing something other than what you did.” We’ve all experienced regret at some point in our lives but fear of intense regret can be paralyzing and detrimental to not only ourselves but also to society as a whole.
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In his book Thinking, Fast and Slow, Daniel Kahneman includes a chapter titled Risk Policies. If you are someone who has put off creating risk policies and made risk management decisions based on gut-instinct for a number of years, you may find what Kahneman has to say a watershed moment for your business.
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The stochastic budget tools in the Risk Navigator toolbox have been updated. We now have available both a Stochastic Crop Budget Generator tool and a Stochastic Livestock Budget Generator tool.
The Stochastic Crop Budget Generator tool was updated to correct some error problems with the handling of symmetric distributions.
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Join us February 28, 2011 at the Comfort Inn in Hadley, Massachusetts for “Help Wanted: The next Generation of Agricultural Producers.” The program will start at 7:00 pm with a presentation on the aging agriculture producer population and funding programs available to entice the next generation to enter the industry.
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Join us February 28, 2011 at the Comfort Inn in Hadley, Massachusetts for “Risk Management for Massachusetts Agriculture.” The program will start at noon with a working lunch and an Introduction to Risk Management in Agriculture presentation. It will also include presentations on Crop Insurance and Disaster Assistance Programs, Making Risk Management Decisions on the Chesapeake Maryland Farm (an Ag Survivor farm simulation),
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Version 2.0 of the Ag Survivor Big Horn Basin Farms risk simulation scenario has now been released and is available on the Ag Survivor website at
http://www.AgSurvivor.com/bhbFarms.aspx
This update includes the addition of the distribution screens at the conclusion of the scenario, the addition of more price trend graph screens,
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Version 3.1 of the Ag Survivor High Plains Ranch scenario has now been released and is available on the Ag Survivor website at
http://www.AgSurvivor.com/HighPlains.aspx
This update includes updates to the Pasture, Rangeland, and Forage (PRF) Vegetation Index insurance component of the simulation and a couple of minor bug fixes.
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A Strategic Risk Management 101 course Module 8 presentation on Step 7 of the Strategic Risk Management Process is now available on the web. Step 7 is how to Choose the Best Risk Management Alternative.
Also available as a part of Module 8 is a tutorial on Risk Ranker tool.
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A Strategic Risk Management 101 course Module 10 presentation on Marketing Risk is now available on the web.
The entire Strategic Risk Management 101 course consists of 10 modules and is available on the RiskNavigatorSRM.com website.
This work was funded in part by the USDA Risk Management Agency.
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Join us August 25th at the Weyers Cave Community Center in Weyers Cave, Virginia for “Drought Risk Management for Grazing and Haying Operations.” The program will start at 10:15 am and include presentations on Pasture, Rangeland and Forage (PRF) insurance, the Noninsurable Crop Assistance Program (NAP) and a fun, interactive RightRisk Ag Survivor simulation workshop.
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Join us August 5th and 6th at the Seba Dalkai School in Arizona for the Navajo Nation Traditional Agricultural Outreach (NNTAO) Farmers and Rancher Workshop and Roundtable Event. Registration and program details can be found by clicking the link below.
NNTAO August Conference Invitation and Registration
This two-day event is being organized by Developing Innovations in Navajo Education,
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Version 3.0 of the Ag Survivor High Plains Ranch scenario has now been released and is available on the Ag Survivor website at
http://www.AgSurvivor.com/HighPlains.aspx
This update includes a major update to the Pasture, Rangeland, and Forage (PRF) Vegetation Index insurance component of the simulation.
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The Risk Efficiency Tool was recently updated in the RiskNavigatorSRM.com toolbox. This update provides a new Excel file that contains minor changes to the worksheets and background code in the Risk Efficiency Tool.
The updated Risk Efficiency Tool is available at
http://www.risknavigatorsrm.com/toolbox/RiskEfficiencyTool/default.aspx.
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Make plans now to attend “Strategic Risk Management in Agriculture” an interactive risk management workshop offered on Tuesday, June 22, 2010 at the City Hall in Stanford, Montana. The workshop will run from 11 am to 3 pm and lunch will be provided.
A complete announcement is available at
http://www.OptimalAg.com/workshops/2010CentralMTRiskMgmtFlyer.pdf
This program will provide an overview of effective strategic risk management practices in agriculture and how to effectively use emerging risk management tools.
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Make plans now to attend “Strategic Risk Management in Agriculture” an interactive risk management workshop offered in Lewistown, Montana on Monday, June 21, 2010 at the Central Montana Education Center. The workshop will run from 11 am to 3 pm and lunch will be provided.
A complete announcement is available at
http://www.OptimalAg.com/workshops/2010CentralMTRiskMgmtFlyer.pdf
This program will provide an overview of effective strategic risk management practices in agriculture and how to effectively use emerging risk management tools.
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The Human Resource Risk Assessment tool was recently updated in the RiskNavigatorSRM.com toolbox. This update provides a newer flash file version of the Human Resource Risk Assessment tool that is enabled for printing, saving, and reloading of a saved file. We think you’ll find this new version easy and pleasant to use.
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Make plans to attend our “Managing Risk on Colorado Rangeland” risk management workshop in Montrose, Colorado on July 20, 2010 at the Holiday Inn Express. The workshop will run from 2-5 pm. It will include a range monitoring presentation by Robbie Baird LeValley titled “Documenting the Good You Do” and two presentations on emerging risk management insurance tools.
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Our RiskNavigatorSRM.com companion book Applied Risk Management in Agriculture was released in October 2009 by CRC Press. We have recently updated the table of contents on our RiskNavigatorSRM.com textbook page to match exactly with what was published.
You can access the updated page here.
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Risk Navigator SRM© is a ten-step risk management program based on the strategic planning process. The Risk Navigator SRM© program was developed to make risk management accessible to typical agricultural producers. The ten steps are designed to integrate disparate and difficult risk management concepts into a single system that is easy to use,
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To view the webinar, click here.
Duane Griffith, Montana State University, John Hewlett, University of Wyoming, and Jay Parsons, Colorado State University – Will team-up to present “Risk Navigator” a set of tools providing the necessary equipment to begin implementing the Strategic Risk Management (SRM) process presented in the November 4th webinar.
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A Case for Random Choices in Decision-Making
I just read an interesting article by Michael Schulson called “How to Choose?” and subtitled “When your reasons are worse than useless, sometimes the most rational choice is a random stab in the dark.”
This article raises a lot of interesting points about making choices with a false sense of reason and raises the prospect that perhaps random selection is not used enough in our society.
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