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Risk and Resilience in Agriculture: An Introduction to Risk in Agriculture

Dennis Kaan (September, 2000)

Summary

The business environment agricultural producers operate in today is vastly different from the environment that existed prior to the Federal Agricultural Improvement and Reform Act of 1996 (FAIR Act). Much has been said and written about a farmer´s freedom to succeed and freedom to fail since the FAIR Act of 1996 was enacted. The responsibility to manage risk has been placed with the agricultural producer and it truly is that producer´s freedom to farm or fail.