Agriculture can be quite a dangerous business. Nevertheless, danger management is not going to be a significant problem for most farmers. This may come as a surprise, but the reality is reflected by it of farming that is often lost in policy debates.
Few Farm Households Count on Farm Money. In line with the USDA, most farm households earn all of their earnings from off-farm sources. In 2014, at the least 71 % of farm households had farm income less than 25 % (including zero or negative farm earnings) of total home income, including 50.6 per cent of farm households who reported farm income that is negative. Quite simply, risk management in agricultural production plays an extremely tiny part into the earnings of most farm households. Continue reading