Lesson Overview

This section provides an overview of priority considerations for financial and risk management for farmers experiencing a natural disaster.

• An overview of risk profile versus risk appetite
• Considerations for preparation and immediate response activities
• Three lenses of design, engineering and process model

Financial Information & Management Accounts

Your financial information & management accounts is not only your end of year taxation returns and balance sheets. They often also include your supply chain arrangements and production schedules. They will include everything that you need to effectively project out your forward budgets and to assess your budgets actual performance when preparing for the season ahead.

Risk Profile

Your risk profile is defined by the type of industry that you are in, your location and factors that typically impact upon businesses in your line of work. 

Risk Appetite

Is your ability to manage the risks to your business. This often includes current business risks as well as any percieved risks to your business in the future.

The relationship between these two areas will play a major role in determining how resilient your business is to disaster events as well as your businesses ability to return to business as usual as swiftly as possible.

Landlord Relationship

The landlord is effectively the owner of the land & the fixed assets. These are often owned in individual names or as a trustee.

The Tennant 

The Tennant is the person running the business. Tennants can often vary from a soletrader to a partnership, a company or even a trustee for a trust. 

The tennant and landlord relationship is incredibly important when preparing for a disaster as well as how you respond to a disaster.  

Project Overview

The Natural Disaster Resilience Program  is proudly funded by the Australian and Queensland Governments through the 2017 – 18 Natural Disaster Resilience Program.

The project enabled a joint collaboration between the Queensland Department of Agriculture and Fisheries, Queensland Farmers’ Federation and its member groups, Growcom and Queensland Dairyfarmers’ Organisation.

Ten primary producers were identified to participate in the project, selected from a range of tree crop producers, vegetable growers and dairy farmers.

Industry extension officers assisted producers to develop mitigation and resilience management plans for their individual properties; and consultants featured in this online course, provided technical advice to further develop flood mitigation strategies for the property and farm business.

The project outcomes being improved understanding of the impact of flood on farm properties, and prioritised risk mitigation strategies for farm businesses.

The online course is designed to deliver these learnings across industry sectors to assist primary producers better manage the business risks associated with flood, and provide practical management options to mitigate risk and better manage future responses to natural disasters.

Key Resources

• Learn about the Three Lenses in Practice.
• What is the role of Stem in Agriculture.