Finance & Risk Management
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.
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.
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.
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 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.