DEAR EDITOR: There are few industries that face the number and variety of risks faced by farmers in Ireland.
The current weather is just another reminder to add to the long list which includes policy risk (nitrates and other regulations), market risk (input and output price volatility), financial risk (rising interest rates), health and personal risks, geopolitical risk along with animal and crop health risks.
While one might argue that farmers have always operated in a highly risky environment, there is no doubt that given the choice some farmers would welcome the opportunity to manage some of their risks.
ADVERTISEMENT
These farmers may be the ones who have invested heavily or have more recently begun to farm.
They must look with envy at other sectors and farmers in other countries who have access to a suite of tools which allow the management of some of the risks they face.
As it is likely that these risks will persist and may even increase in some cases, it is reasonable that as a key industry, that time and effort should be invested in providing tools to manage these risks. This can begin with stakeholders acknowledging the particularly risky nature of farming and then working together to create suitable tools to manage some of these risks. Let’s not waste another budget and CAP reform.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
DEAR EDITOR: There are few industries that face the number and variety of risks faced by farmers in Ireland.
The current weather is just another reminder to add to the long list which includes policy risk (nitrates and other regulations), market risk (input and output price volatility), financial risk (rising interest rates), health and personal risks, geopolitical risk along with animal and crop health risks.
While one might argue that farmers have always operated in a highly risky environment, there is no doubt that given the choice some farmers would welcome the opportunity to manage some of their risks.
These farmers may be the ones who have invested heavily or have more recently begun to farm.
They must look with envy at other sectors and farmers in other countries who have access to a suite of tools which allow the management of some of the risks they face.
As it is likely that these risks will persist and may even increase in some cases, it is reasonable that as a key industry, that time and effort should be invested in providing tools to manage these risks. This can begin with stakeholders acknowledging the particularly risky nature of farming and then working together to create suitable tools to manage some of these risks. Let’s not waste another budget and CAP reform.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS