New report says proactive risk management is the key to unlock Canadian agriculture’s future

Striking the Balance: Proactive Strategy versus Reactive Response

A new report released today by the Canadian Agri-Food Policy Institute (CAPI) calls for a shift toward proactive, comprehensive risk management to strengthen the long term resilience of Canadian agriculture. Striking the Balance: Proactive Strategy versus Reactive Response authored by Farm Management Canada urges government and industry to look beyond traditional Business Risk Management (BRM) programs and embrace a modernized, nationally aligned approach that equips farmers to better anticipate and manage risk; not just recover from it.

“Too often when risk management is talked about in agriculture policy it is only about business risk management programs, but risk management is much more than that,” said Tyler McCann, Managing Director, CAPI. “This paper highlights the proactive and reactive ways that farmers can approach risk management and encourages policies that support more proactive risk management. Changing the risk management policy landscape so that it aligns with how farmers approach risk management is essential to effective risk management policy.”

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