RiskNavigator-SRM
Book and Software
Authors Include
Dana Hoag, Aaron Sprague, John
Hewlett, James Pritchett, Jay Parsons,
Catherine Keske, Duane Griffith
Dana Hoag: Dana.Hoag@ColoState.edu
Duane Griffith: griffith@montana.edu
3 Year Partnership Funding From RMA
Resources
Applied Risk Management in
Agriculture
(available May-June 09)
Risk Navigator SRM
(www.RiskNavigatorSRM.com)
1. Risk Navigator-SRM
2. Managing Risks and Risky Decisions
3. A Case Study of EWS Farms
4.The Strategic Risk Management Process
5. Step 1: A Financial Health Checkup
6. Step 2: Determine Your Risk Preferences
7. Step 3: Establish Your Risk Goals
8. Step 4 Prioritize Your Risks
9. Step 5: Identify Risk Management Alternatives
10. Step 6: Determine the Likelihood of Outcomes
11. Step 7: Choose the “Best” Risk Management Alternative
12. Steps 8-10: Manage Operational Risk
13. Marketing Risk
14. Production Risk
15. Financial Risk
16. Human and Institutional Risk
17. Ag Survivor
18. Build Customized Risk Management Plans
Applied Risk Management…
Case Study
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EWS farms ~ The Spragues
Details in your book
Part 1: Each chapter starts with the step
applied to EWS farms
Part 2: Fundamentals
Part 3: User guide to Navigator Tools
Applied Risk Management…
Strategic Risk
Management Process
49
Applied Risk Management…
Sources of Risk
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Market and Price
Production
Financial
Human and Institutional
Ag Survivor
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Risk management computer simulation
Realistic ag scenarios designed to
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Represent different ag settings
Represent different ag risks
Presented over 200 times
Moving beyond Risk Navigator
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Go outside the “ten-step” box
Using advanced methods in
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Excel
@risk
Semitar
Risk Navigator SRM
Chapter 3
EWS Farms RD Financial
Chapter 5
Balance Sheet
Cash Flow
Deferred Tax & Missing Data
EWS Farms RD Financial
Financial Statements
Sweet Sixteen Ratio Analyzer
Chapter 6
Risk Preference Calculator
Chapter 7
Action Planning Worksheet
Adequacy Achievement Grid
Management Team Roster
Mission Statement Worksheet
Strategic Goal Worksheet
Time Management Worksheet
Transition Planning Worksheet
Chapter 8
Risk Influence Calculator
Chapter 10
Risk Profiler
Chapter 11
EWS Farms RD Financial
Risk Efficiency
Risk Ranker
Value At Risk
Chapter 12
Action Planning Worksheet
Critical Success Indicator
Worksheet
Resource Flow Plan
Risk Management Worksheet
Time Management Worksheet
Chapter 13
Marketing Plan
Chapter 14
Risk Profiler
Stochastic Crop Budget
Generator
Chapter 15
Deferred Tax & Missing Data
EWS Farms RD Financial
Sweet Sixteen Ratio Analyzer
Chapter 16
Human Resource Risk
Assessment
RD Financial (5)
RD Financial (5)
RD Financial (5)
Risk Profiler (10) used in
Stochastic Budget Generator (14)
Stochastic Budget Generator (14)
Stochastic Budget Generator (14)
Risk Preference Calculator (6)
Risk Preference Calculator (6)
Risk Preference Calculator (6)
Risk Ranker (11)
Risk Ranker (11)
Risk Ranker (11)
Risk Ranker (11)
Value at Risk (11)
Risk Efficiency Tool (11)