The question is not, “What will the market do?” It is, “Are we prepared for what the market could do?”
Doug Groth, DVM, and Kim King from Carthage Systems discuss the importance of preparing for myriad variables in the pork business beyond a producer’s reach with the elements of a risk management plan.
Source: Carthage Veterinary Service, Link.
Risk management is not about predicting the market correctly. It is about understanding where your business is exposed and determining how you will respond before changing conditions force the decision.”
Image: Link.
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