Farm Business Risk Profiles

Published: 2 Sep 2013

Farm Business Management fact sheet: Attitude and capacity for risk (cover page)

A risk profile describes the combination of a business’s ability to incur risk and an individual’s personal risk attitude. Understanding your business’s risk profile can improve communication and result in better decision making.

Key points

  • An individual’s risk attitude can be classified as wary, neutral or daring.
  • A business’s risk capacity can be identified as low, medium or high.
  • An individual’s perception of, response to and management of risk heavily influences their approach to making decisions.
  • A practical and realistic approach is important so individuals, families and businesses understand their own risk profiles and the impact on the overall management of the business.

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Region South

Region: South