Nick Burchley – Rural Financial Counsellor
Preparing for Natural Disasters
When farming in Australia one thing that we know for sure is that farming systems will experience some type of disaster event during the lifespan of the producer.
Its important to assess the severity of the natural disaster and the likelihood that the event will occur.
Considering the Risk
When assessing natural disasters a risk matrix can be helpfull to identify the risk of a particular event.
For example a foot and mouth outbreak could devastate a business although due to strict biosecurity laws in Australia the risk is minimal.
Indirect Impacts of Disasters
Natural disasters can often have obvious consequences although there can also be unexpected consequences.
In the aftermath of cyclone Larry it was understood that there would be devestating damage to crops.
However there was a significant adverse effect on the dairy industry due to loss of electricity.
When preparing for an event it is important to account for these potential impacts.
Each business will have different critical factors to consider during the disaster planning process.
These will need to be detailed in a disaster plan as well as being updated regularly to evolve with the business.
Growcom has a Disaster Toolkit available to help with the disaster planning process.