Home > Terms > English, UK (UE) > Risk management

Risk management

The process of deciding whether and how to manage risks. Public risk management requires consideration of legal, economic, and behavioural factors, as well as environmental and human health effects of each management alternative. Management may involve regulatory and non-regulatory responses. For example, characterising the risk to farm workers of entering a field after application of a particular pesticide is risk assessment; promulgating reentry standards is risk management. The federal government has played an active role over the years in helping farmers manage risk. Two major risks faced by agricultural producers are production risks and price risks, and the USDA has assisted with federal crop insurance and commodity programs. The Risk Management Agency is now helping farmers utilise other risk management tools.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Sociology Category: Racism

Trayvon Martin

An African American teenager who was shot and killed in Florida by a neighbourhood watch member by the name of George Zimmerman. Martin, who was ...

Contributor

Featured blossaries

Fastest Growing Tech Companies

Category: Technology   2 7 Terms

World's Geatest People of All Time

Category: History   1 1 Terms

Browers Terms By Category