Risk Management Planning – Lesson Plan
This National FFA Risk Management lesson, “Risk Management Planning,” teaches students the six types of agricultural risk (production, marketing, financial, legal, human, and general) and the five ways of handling risk (retain, shift, reduce, self-insure, avoid). Through an interactive “Agricultural Risk” crop game, dice-and-token activities, and e-Moment review strategies, students learn to articulate the need for risk management planning in agricultural enterprises.
At a glance
- Learning objectives
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- Demonstrate the six types of risk
- Identify the five ways of handling risk
- Articulate the need for Risk Management Planning
- Time required
- Instruction time for this lesson: 45 minutes.
- Materials
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- Public Writing Surface
- Agriculture Risk Crop Cards
- Five different colored items in varying quantity (colored stones, different types of beans, etc.) enough for each student to have several of one or more items
- Containers to hold the various colored items
- Three to five pair of dice
- TM.A – one copy
- AS.1 – one copy per student
- Precepts
- Vision: C2. Conceptualize ideas; C3. Demonstrate courage to take risks. Decision Making: N1. Demonstrate the Decision-Making Processes; N2. Demonstrate Problem-solving Skills
- Key Terms
- Production Risk, Marketing Risk, Financial Risk, Legal Risk, Human Risk, General Risk, Retain, Shift, Reduce, Self Insure, Avoid
Downloads & Links
Aligned Standards
National Standards
- NL-ENG.K-12.7Evaluating Data — Students conduct research on issues and interests by generating ideas and questions, and by posing problems. They gather, evaluate, and synthesize data from a variety of sources to communicate their discoveries in ways that suit their purpose and audience.
- NL-ENG.K12.6Applying Knowledge – Students apply knowledge of language structure, language conventions, media techniques, figurative language, and genre to create critique, and discuss print and nonprint texts.
- NSS-EC.9-12.1Productive Resources — Understand choices made by individuals, firms, or government officials have long run unintended consequences that can partially or entirely offset the initial effects of the decision.
- NSS-EC.9-12.2Effective Decision Making — Understand marginal benefit is the change in total benefit resulting from an action. Marginal cost is the change in total cost resulting from an action.