17207 version 2
Page 1 of 3
Demonstrate knowledge of risk in an agribusiness context
Level
4
Credits
5
Purpose
People credited with this unit standard are able to explain risk in an
agribusiness context and describe the application of risk management in a
familiar agribusiness event or activity.
Subfield
Agriculture
Domain
Agricultural Resource Maintenance
Status
Registered
Status date
27 April 2000
Date version published
20 May 2008
Planned review date
31 December 2010
Entry information
Open.
Accreditation
Evaluation of documentation and visit by NZQA, industry
and teaching professional in the same field from another
provider.
Standard setting body (SSB)
Primary Industry Training Organisation
Accreditation and Moderation Action Plan (AMAP) reference
0052
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Special notes
A familiar agribusiness refers to a business in the same sector as the person being
assessed. For example, a dairy farm would be a familiar business if the person being
assessed is a dairy farmer.
 New Zealand Qualifications Authority 2016
17207 version 2
Page 2 of 3
Elements and performance criteria
Element 1
Explain risk in an agribusiness context.
Performance criteria
1.1
The explanation includes examples of environmental, social and economic risk
to an agribusiness in terms of the probability, significance and extent of an
event or activity.
Range
1.2
environmental risks may include but are not limited to – drought,
snow, flood, chemical spill, pests;
social – closure of a community facility, animal welfare issues;
economic – change in interest rates or exchange rates.
The explanation includes the principles of minimising loss and maximising
opportunity in terms of an environmental, social and economic event or activity.
Element 2
Describe the application of risk management in a familiar agribusiness event or activity.
Range
environmental, social, economic.
Performance criteria
2.1
The risks associated with a familiar agribusiness event or activity is described in
terms of probability, significance and extent of risk.
2.2
The principles of minimising loss and maximising opportunity are described in
terms of the management of risk in a familiar agribusiness event or activity.
2.3
The interrelationship of environmental, social and economic risk consequences
are described in terms of the impact on a familiar agribusiness, including its
physical resources, the people who work within it, and the people or businesses
which it supports.
Please note
Providers must be accredited by NZQA, or an inter-institutional body with delegated
authority for quality assurance, before they can report credits from assessment against
unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be accredited by NZQA before they can register
credits from assessment against unit standards.
Accredited providers and Industry Training Organisations assessing against unit standards
must engage with the moderation system that applies to those standards.
 New Zealand Qualifications Authority 2016
17207 version 2
Page 3 of 3
Accreditation requirements and an outline of the moderation system that applies to this
standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP also includes useful information about special requirements for organisations
wishing to develop education and training programmes, such as minimum qualifications for
tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact the Primary Industry Training Organisation standards@primaryito.ac.nz if
you wish to suggest changes to the content of this unit standard.
 New Zealand Qualifications Authority 2016