These risk management tools are designed to help Maine aquaculture producers find new ways to identify and respond to risk on their farms and in their businesses. The tools include a white paper and two-pager on risk management and mitigation, along with a two-page beginner’s guide to risk management.
The white paper and two-pager include information and visuals to help farmers identify risk factors and risk management within each of the five categories of risk. These documents also include aquaculture crop insurance options currently available. Other topics, such as good record-keeping practices, are also discussed as part of a holistic approach to managing and mitigating risk.
The beginner’s guide to risk management is designed as a series of decision trees to help farmers identify risks, determine tolerance to risks, and explore options to mitigate and manage risks. This guide walks farmers through goal setting, risk tolerance, and risk identification. It also offers solutions within each category of risk to help them take appropriate action. Each of these products are available to download for free below: