Strategic risks are the uncertainties companies are exposed to because of political and governmental policy; macro-economic, social and natural contingencies; industry dynamics involving input markets and product markets; and competitive and technological uncertainties. These risks are present in all industries, but given its competitive nature is particularly relevant for production agriculture. Farm operators are forced to constantly consider how those risks will impact their operations due to incomplete risk markets.
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Margaret Lippsmeyer
Michael Langemeier
Michael Langemeier is an agricultural economist with Purdue University.
Margaret Lippsmeyer is currently researching the factors influencing large-scale farms' ability to evaluate and prepare for strategic risk. She works as a graduate researcher with the Center for Commercial Agriculture, which has a strong focus on management education and generation of knowledge for farmers.
