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a. What is Risk

b. Sources of Risk on Farms and Ranches

c. How to measure risks

d. Where to find information (further readings)

• “Risk Management Resources on the Internet” (Tranel, Bastian, Hewlett, & Kaan) - (#RR-B-1, November 04)

2. How to measure your risk tolerance

3. Strategic Planning and how to make decisions

a. “Strategic Planning for Risk Management” (Hoag, Hewlett, and Parsons) – draft

b. “Managing for the Right Risks In Your Operation: An Action Plan” (Bastian, Hewlett, Kaan, and Tranel) - (#RR-B-2, February 05)

c. “Goal Setting For Strategic RightRisk Management” (Hewlett, Bastian, Kaan, & Tranel)

d. How to make decisions (Parsons)

4. Risk Mapping (decision trees, payoff matrix, control charts …)

• Pritchett

5. Probability

• “Probabilities” (Sharp) – in development