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Journal of Probability and Statistics
Volume 2010, Article ID 214358, 17 pages
Research Article

Risk Navigator SRM: An Applied Risk Management Tool

Department of Agricultural and Resource Economics, Colorado State University, Campus 1172, Fort Collins, CO 80523-1172, USA

Received 3 November 2009; Revised 25 January 2010; Accepted 16 March 2010

Academic Editor: Ricardas Zitikis

Copyright © 2010 Dana L. K. Hoag and Jay Parsons. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


Risk Navigator SRM is a ten-step risk management program for agricultural producers, which is based on the strategic planning process. The ten steps are designed to integrate disparate and difficult risk management concepts into a single system that is easy to use, yet still effective. With the aid of computers and the internet, producers can work through each step toward a final comprehensive plan. The website includes 25 decision tools that help producers accomplish each step and provides links to complementary educational programs, like a national agricultural risk education library, the award-winning risk management simulation program called Ag Survivor, and a recently published book that describes the program and provides additional depth and explanations. The ten-step program has been presented in over 200 workshops with over 90 percent approval by participants. The website has averaged over 1,000 unique visitors per month from 120 countries.