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How to Manage The Risk in Agriculture

Agriculture is the fundamental backbone for survival and self-sufficiency of any nation. Once the problem associated with food is removed from the list of priorities, poverty is out of sight. Everybody needs food; it is a basic human need. Agriculture is very essential to human existence; the ecosystem also draws life from it. Foods of different classes; protein, carbohydrates, fats and fruits all come from agriculture. Like man, animals also depend on agriculture. Famine is equally devasting to man and animals. Therefore, at all levels of government, food production, distribution and preservation processes deserve top priority. Failure to do this poses unpleasant challenges to the people.

Incidentally, Nigeria is tremendously blessed with fertile land and favourable weather that support farming. This notwithstanding, the country has not taken positive advantage of this opportunity to become an agriculturally wealthy nation in terms of food production and the production of cash crops for industrial purposes. What has happened is the sidelining of the agricultural sector by the people; hence, it is no longer contributing enough to the national GDP as it used to do in the past.

Although Nigeria produces a sizeable quantum of food items (yam, tomato, pepper, vegetables, etc.) the huge importation of rice and other processed foods is a shame and a preventable drain of Nigeria's national wealth. Contrarily, Israel is a major world player in agriculture in spite of the fact that her geography does not naturally support agriculture. Israel has deployed science and technology to overcome natural challenges and today is a huge exporter of agricultural products.

The Question everyone is asking is, Why do people hate farming?  Speaking at the 2016 Stanbic IBTC Leadership forum held in Lagos recently, Chief Executive Officer, Stanbic IBTC Holdings Plc, Mrs. Sola David-Borha, said investing in agriculture involves high risk even as the Federal Government is looking towards diversification through the sector.

There are certain risks and challenges associated with farming as a profession. These are featured in my book titled Risk Management and Other Professions.

To learn more on How to Manage The Risk and Challenges in Agriculture, order a copy of Risk Management and Other Professions today. The book strives to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring to the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;
Contact: Diligence Technical Services Ltd
email: diligencetechserve@gmail.com

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