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Strategies and Tools to Mitigate Agricultural Risk

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Strategies and Tools to Mitigate Agricultural Risk

This course is part of Agribusiness and Sustainable Food Production Economics Specialization

Instructors: Paul B. Stoddard

2,022 already enrolled

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4 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Strategies to mitigate risk in crop production and with agricultural land
Management techniques to mitigate financial risks of agricultural production
Traditional and innovative risk management practices of agricultural production

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

6 assignments

Taught in English

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This course is part of the Agribusiness and Sustainable Food Production Economics Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

Learners will examine risk management strategies for crop production, discuss techniques and programs to mitigate financial risk, and describe the types of rental agreements for agricultural land use. Learners will also explore traditional and innovative risk management strategies used in agricultural food production.

This course is part of the College of ACES suite of online programs, including the graduate certificate, "Agribusiness and Sustainable Food Production Economics" that can be stacked toward an advanced degree in the College of ACES or the Gies College of Business. To learn more about online programs from the College of ACES and explore ways to apply your Coursera work toward a degree program at the University of Illinois, visit ACES Online at acesonline.illinois.edu.

In the course orientation, you will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. In the second part of this module, you will explore water management strategies for crop production, discuss crop production inputs and equipment decisions to mitigate risks of agricultural production, and describe pesticide and fertilizer plans for pest management.

What's included

18 videos7 readings2 assignments1 discussion prompt

18 videosTotal 64 minutes

Course Overview5 minutes
Meet Your Instructor | Dr. Nicholas D. Paulson2 minutes
Meet Your Instructor | Dr. Gary D. Schnitkey2 minutes
Meet Your Instructor | Dr. Bruce Sherrick1 minute
Meet Your Instructor | Paul Stoddard2 minutes
Meet Your Instructor | Ailie Elmore2 minutes
Meet Your Instructor | Dr. Joana Colussi3 minutes
Module 1 Introduction2 minutes
Drainage Tile5 minutes
Irrigation6 minutes
Equipment Size and Selection4 minutes
Input Contracting and Selection5 minutes
Crop Rotation4 minutes
Pest Management: Weeds, Fungus, and Insect Control5 minutes
Fertilizer Management and Plans5 minutes
Precision Technology5 minutes
Panel Discussion: Crop Production Risks7 minutes
Module Summary2 minutes

7 readingsTotal 164 minutes

Syllabus10 minutes
Learn More About Flexible Learning Pathways10 minutes
Updating Your Profile10 minutes
Improving Drainage Management on Agricultural Lands4 minutes
Trends in U.S. Irrigated Agriculture: Increasing Resilience Under Water Supply Scarcity120 minutes
Most Row Crop Acreage Managed Using Auto-steer and Guidance Systems6 minutes
Risk Management Strategies4 minutes

2 assignmentsTotal 32 minutes

Module 1 Quiz30 minutes
Orientation Quiz2 minutes

1 discussion promptTotal 10 minutes

Getting to Know Your Classmates10 minutes

At the conclusion of this module, you will describe insurance and government programs for crop production, discuss agricultural marketing strategies, and explain the various types of agricultural credit and grain storage options for producers.

What's included

7 videos7 readings1 assignment

7 videosTotal 27 minutes

Module 2 Introduction2 minutes
Crop Insurance5 minutes
Government Programs4 minutes
Agricultural Marketing5 minutes
Agricultural Credit Institutions4 minutes
Panel Discussion: Mitigation of Financial Risk in Agriculture6 minutes
Module Summary2 minutes

7 readingsTotal 116 minutes

Crop Insurance at a Glance6 minutes
Revenue Protection: The Most Used Crop Insurance Product8 minutes
Government Programs & Risk6 minutes
Farm Bill Primer: Farm Safety Net Programs6 minutes
Farm Use of Futures, Options, and Marketing Contracts70 minutes
Grain Storage Capacity Can Buffer Impact of Transportation Disruptions12 minutes
Crop Production in Brazil Outpaces Storage Capacity8 minutes

1 assignmentTotal 30 minutes

Module 2 Quiz30 minutes

At the conclusion of this module, you will describe the types of land rental agreements in agricultural production and describe the variables associated with owning and managing agricultural land.

What's included

6 videos3 readings1 assignment

6 videosTotal 21 minutes

Module 3 Introduction1 minute
Cash Rent Overview4 minutes
Owner/Operator: Direct Operated4 minutes
Custom Overview4 minutes
Panel Discussion: Mitigation of Agricultural Land Risk6 minutes
Module Summary2 minutes

3 readingsTotal 56 minutes

Trends in Farmland Leasing8 minutes
Custom Farming - An Alternative to Leasing8 minutes
U.S. Farmland Ownership, Tenure, and Transfer40 minutes

1 assignmentTotal 30 minutes

Module 3 Quiz30 minutes

At the conclusion of this module, you will describe traditional risk management practices of agricultural production (e.g., livestock production, off-farm employment, and government payments) and discuss innovative risk management strategies (e.g., greenhouses and agritourism). At the conclusion of this module, you will be ready to complete the final assessment for the course and earn your Coursera certificate!

What's included

10 videos8 readings2 assignments

10 videosTotal 38 minutes

Module 4 Introduction2 minutes
Livestock Production and Risk Mitigation6 minutes
Other Farm Income/Off Farm Employment4 minutes
Government Payments and Ad Hoc4 minutes
Greenhouses: Fruits and Vegetables4 minutes
Agrotourism4 minutes
Panel Discussion: Other Risk Mitigation Tools in Agriculture7 minutes
Module Summary2 minutes
Course Wrap-up 4 minutes
Risk and Decision-Making in Agriculture | Graduate Certificate Course2 minutes

8 readingsTotal 73 minutes

Biosecurity and Biological Risk Management for Livestock Enterprises15 minutes
"Ad Hoc Payments: A Leading Indicator of Farm Policy Change"6 minutes
The 2019 Market Facilitation Program10 minutes
Coronavirus Food Assistance Program (CFAP) Rules Announced6 minutes
Agritourism Allows Farms To Diversify and Has Potential Benefits for Rural Communities6 minutes
Congratulations!10 minutes
Stack your Coursera coursework toward a Graduate Certificate10 minutes
Get Your Course Certificate10 minutes

2 assignmentsTotal 120 minutes

Module 4 Quiz30 minutes
Final Assessment | Quiz90 minutes

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Instructors

Paul B. Stoddard

University of Illinois Urbana-Champaign

4 Courses10,890 learners

Offered by

University of Illinois Urbana-Champaign

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Frequently asked questions

Yes! Although completion of the Coursera course alone is not credit-bearing, it is a required component of a graduate-level Canvas course that can be "stacked" toward advanced credentials such as an academic (transcriptable) graduate certificate or a degree. If you decide to pursue further education, the credits you earn from this course can be applied toward a formal academic program, provided that you meet all the requirements of admission to the certificate or degree.

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.