The National Risk Management Initiative aims to understand and improve the risk-reward outcomes for Australian grain growers by supporting grower on-farm decision-making. RiskWi$e (the National Risk Management Initiative) is a five-year, $30 million national investment by GRDC from 2023 to 2028. The nationwide project will take a Participatory Action Research (PAR) approach involving a network of 26 grower groups, 10 research partners, six research group leads, research/extension partners, CSIRO and the Grains Research Development Corporation (GRDC).
In Western Australia, GGA is leading RiskWi$e work on decision-making on nitrogen and sowing decisions and machinery investment in collaboration with 8 Western Australian grower group project partners including, Stirlings to Coast Farmers, South-East Premium Wheat Growers Association (SEPWA), Facey Group, Corrigin Farm Improvement Group (CFIG), Western Australian No-Tillage Farmers Association (WANTFA), Liebe Group, West Midlands Group (WMG), and Mingenew Irwin Group (MIG).
Find out more at the GRDC website.
Project Overview
Project Activities & Updates
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Resources
Risk in Agriculture Blog Series
The University of Western Australia’s behavioural science team have released a blog series, Risk in Agriculture. Written by Professor David Pannell, the series explores discussions, explanations, and useful examples of risk in Australian agriculture targeted at grain farmers.
Weather forecasts – sources and interpretation
Australia has several climatic regions which are affected by many different weather systems.
On farm decision making
Presenter Cam Nicholson of Nicon Rural Services uses his experience and insights to support producers to make informed decisions.
WA Farming System Project
A related project that aims to increase the adoption and integration of agronomic and systems innovations that support increased whole farm profitability through managing enterprise mix and rotations.
Project Team
$30 million to reduce risk for grain growers
“Seasonal conditions, paddock considerations, cash flow, labour availability, market opportunities and business goals all come into play when you’re deciding what to grow each year,” Mr Woods says.
“Farming is an increasingly complex operation and GRDC recognises this and has been working with industry to understand how we can better support growers to manage risk and build enduring, sustainable enterprises.”
“RiskWi$e aims to give growers and their advisers the tools to evaluate potential risks and rewards, and develop an holistic and integrated approach to risk management,”
“RiskWi$e goes beyond just analysing risk. It is based around engaging with the most important farm-level decision-making challenges raised by growers and advisers, and then jointly coming up with practical ways to inform and boost confidence when tackling those decisions.”
(GRDC Groundcover, 23 Aug, 2023)
Contact
Enquiries to Daniel Kidd at GGA
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