Beginning Farmer Center
Beginning Farmer Center

Risk and Financial Management

Risk and Financial Management

For beginning farmers, strong risk and business management practices are key to long-term success. Farming involves many uncertainties—from weather and markets to input costs and policy changes—so developing a plan to identify, measure, and manage risks is essential. Sound business management practices, such as keeping accurate records, creating budgets, maintaining insurance coverage, and developing marketing plans, help farmers make informed decisions and adapt when challenges arise. The resources below are designed to educate you on these issues.

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Ag Decision Maker

Iowa State University's Ag Decision Maker hosts a vast library of resources for helping farmers make business and financial management decisions. These materials are developed by agricultural economists, farm business specialists, and other agricultural professionals. 

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Crop Insurance

Crop insurance is a vital risk management tool that helps farmers protect their livelihoods against losses caused by natural disasters, adverse weather, or market fluctuations. Special options are available for beginning farmers.

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USDA Farm Programs

USDA farm programs play a crucial role in helping farmers manage risk, improve productivity, and strengthen the long-term viability of their operations. Through programs that provide financial assistance, conservation incentives, disaster relief, and access to credit, the USDA supports farmers of every type and size.