Senwes Scenario June / July 2017 - Page 30

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NEWS

Senwes and Agri SA lead with market first

Smart Agri-Risk Management Desk

EVERY BUSINESS , ENTI- TY OR ORGANISA- TION KNOWINGLY OR UNKNOWINGLY DEALS WITH SOME FORM OF RISK MANAGEMENT WHEN DAILY DECISIONS ARE MADE . THE AGRI- CULTURAL INDUSTRY IS NO DIFFERENT AND ESPECIALLY SO FOR THE FARMER AND PRIMARY PRODUCER .
AUBREY KRUGER

Thanks to the funding provided by Senwes , Agri SA launched the Smart Agri-Risk Management Desk at Nampo

Harvest Day 2017 to proactively identify and mitigate the key risks within the industry and the value chain .
WHY WAS IT LAUNCHED ? Senwes and Agri SA thought that the approach to risk management must be re-evaluated . Disaster management was a well developed area within Treasury but last year ’ s drought incident confirmed that the process has since become deficient and sterile .
GATHERING INFORMATION HAS PROVEN THAT :
• Research on the total risk profile of agriculture as the main objective , is vital .
• A multi-disciplinary approach to risk management is required .
• Rising costs of drought relief in industrialised countries have resulted in a policy shift away from emergency subsidies towards more long-term selfreliance of rural communities .
• Modern thinking with respect to risk management seems to focus on the integration of risk assessment , reduction , mitigation , response and recovery in respect of the overall agricultural sector .
• It is accepted that agricultural risk management aims to increase the likelihood that a household , community , city or any area will be able to anticipate , resist or recover from the losses sustained from a hazard or other threat . This could indeed become a national crisis should it not be managed .
RESEARCH ARISING FROM THIS PROJECT WILL AIM TO :
• Ensure permanent protection against or reduction of the intensity of risk events ;
• minimise the severity of the consequences of risks ;
• prepare the sector to react appropriately during and after a risk event ; and
• alleviate hardship and meet basic needs ;
• increase the competitiveness of the food sector relative to the international world .
Omri van Zyl ( CEO of AgriSA ), Johannes Moller ( President of AgriSA ), Danie Minnaar ( Senwes Chairman ) and Francois Strydom ( Senwes Group CEO ) during the signing of a MOA to establish and fund a Smart Agri Risk Management Desk . The announcement was made on 17 May 2017 at the Nampo Harvest Day near Bothaville .
The project will assist with any strategies that may be required to assist the agricultural community , government and other stakeholders and role players following a risk event to fully restore the pre-risk event level of functioning . To this end , the project will entail a holistic approach with collaboration between the agricultural
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JUN / JUL 2017 • SENWES Scenario
•••• NEW S Senwes and Agri SA lead with market first Smart Agri-Risk Management Desk EVERY BUSINESS, ENTI- TY OR ORGANISA- TION KNOWINGLY OR UNKNOWINGLY DEALS WITH SOME FORM OF RISK MANAGEMENT WHEN DAILY DECISIONS ARE MADE. THE AGRI- CULTURAL INDUSTRY IS NO DIFFERENT AND ESPECIALLY SO FOR THE FARMER AND PRIMARY PRODUCER. AUBREY KRUGER T hanks to the funding pro­ vided by Senwes, Agri SA launched the Smart Agri-Risk Management Desk at Nampo Harvest Day 2017 to proactively identify and mitigate the key risks within the industry and the value chain. WHY WAS IT LAUNCHED? Senwes and Agri SA thought that the approach to risk management must be re-evaluated. Disaster management was a well developed area within Treasury but last year’s drought incident co \YY]H\\[HXYBYXY[[\[KUTSSԓPUSӈT”ՑSU(H\X\ۈH[\œٚ[HوYܚX[\H\BXZ[ؚX]K\][ (HH][KY\\[\H\X\X[Y[Y[\\]Z\Y (H\[وY[YY[[\X[\Y[Y\]B\[Y[HXHY]^BH[Y\[HXYY\\[ܙHۙ]\H[B\H[[ SوYܚTJK[\[\ \Y[وYܚTJK[YHZ[X\[\Z\X[H[[\YH [\ܛ\SH\[HYۚ[وHSB\X\[[HX\YܚH\X[Y[Y[\ˈH[[[Y[\XYBۈ MX^H M]H[\\\^HX\][KSҕS M8(ST[\[œ[X[Hو\[[][]Y\˂(H[\[[]\X\X[Y[Y[Y[\™\ۈH[Yܘ][ۈق\\\Y[ YX[ۋZ]Y][ۋ\ۜH[Xݙ\H[\XوBݙ\[YܚX[\[X܋(H]\X\Y]YܚX[\[\X[Y[Y[Z[\š[ܙX\HHZ[Z]B\Z [][]K]B܈[H\XH[HXH˜[X\]K\\܈Xݙ\HH\\Z[YBH^\܈\X] \˜[[YYXYHH][ۘ[ܚ\\[]HX[YY TPTTTSHT”ґPSRSH΂(H[\H\X[[X[ۂYZ[܈YX[ۈوB[[]Hو\][¸(HZ[[Z\HH]\]HوBۜ\]Y[\و\¸(H\\HHX܈XX\X][H\[[Y\B\][[(H[]X]H\\[YY]\XYY¸(H[ܙX\HH\]]][\قHX܈[]]HB[\][ۘ[ܛ HڙX[\\][H]YY\]X^HB\]Z\Y\\HYܚX[\[[][]Kݙ\Y[[\ZZ\[B^Y\[H\][™[H\ܙHHK\\][][و[[ۚ[ˈ\[ HڙX[[Z[H\X˜\X]Xܘ][ۂ]Y[HYܚX[\[