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Integrated Risk Management: Developing an Asset-Based Business Strategy

Author

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  • Lippsmeyer, Margaret
  • Langemeier, Michael
  • Boehlje, Michael

Abstract

Integrated risk management is a comprehensive approach that addresses business, financial, and strategic risks collectively, safeguarding your organization against potential threats. This article analyzes the importance of integrated risk management for production agriculture, an industry which is highly susceptible to external shocks. We will discuss potential market shocks that farming operations should be prepared to handle, how organizational ambidexterity aids businesses in managing challenges today while preparing for the future, and how to create an asset-based business strategy that leverages farm resources and capabilities.

Suggested Citation

  • Lippsmeyer, Margaret & Langemeier, Michael & Boehlje, Michael, 2025. "Integrated Risk Management: Developing an Asset-Based Business Strategy," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(54).
  • Handle: RePEc:ags:illufd:358552
    DOI: 10.22004/ag.econ.358552
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    Keywords

    Agribusiness; Financial Management;

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