AG 202 - Agricultural Risk Management 3 Credits
Outline Effective Date: Academic Year 2025/2026
Revised Date: Dec 16, 2025
Date Approved: Dec 16, 2025
Lecture Hours: 42
Course Description:
In this course students will explore principles and concepts of agricultural risk management in Canadian agriculture. They will learn to define key terms, assess risks, and utilize risk management tools enabling them to conduct practical risk assessments on farm enterprises. This will help to safeguard your future in the dynamic agricultural sector.
Rationale:
This course is required for students in Year II of the Agribusiness program. Students should take this course on Agricultural Risk Management to develop crucial skills and knowledge for thriving in the Canadian agricultural sector. Understanding key risk management principles and concepts empowers students to safeguard farming enterprises against diverse risks. By assessing and mitigating risks using innovative tools like AgriShield, students can make informed decisions and enhance farm resilience. Furthermore, exploring government support and risk management strategies equips them for successful career paths in agriculture. This course fosters adaptability and critical thinking essential for success in the dynamic agricultural landscape.
Prerequisites: AE 230
Corequisites: None
Course Learning Outcomes:
A student who successfully completes the course will have reliably demonstrated the ability to:
1. Describe and discuss the principles and concepts of agricultural risk management in the context of Canadian agriculture.
a. Define the key terms related to agriculture risk management.
b. Explain the importance of risk management in the Canadian agriculture sector.
2. Identify and assess different types of agriculture risks faced by Canadian agriculture procedures.
a. Review and discuss the risks presented around themes such as People, Finance, Markets, Management, Business Environment & Production.
3. Study agriculture risk management tools to identify and evaluate the potential impact of different risks on agricultural operations.
a. Explore Farm Management Canada’s (FMC) AgriShield tool.
b. Examine the role of federal and provincial agriculture federal and provincial agricultural policies and programs in providing risk management support to Canadian producers.
4. Consider risk management strategies to increase preparedness via reducing the likelihood and impact of a negative event.
5. Conduct a risk management assessment of a farm enterprise.
a. Using AgriShield complete a risk assessment for the various Student Management Farm groups.
Required Resource Materials:
There is no required text.
Extensive use of Farm Management Canada’s AgriShield Risk Management Toolkit (on-line and Excel worksheet) will be utilized.
Students will need to have access to a laptop for classwork.
Optional Resource Materials:
Various on-line articles and tools will be utilized.
Conduct of Course:
This course involves approximately 42 hours of lecture.
The course is taught using a combination of lectures and practical application of risk assessment on a variety of agricultural entities.
Classroom and laboratory attendance is considered vital to the learning process and as significant to the students’ evaluation as examinations and reports.
- Students having a combination of excused and/or unexcused absence of 20 percent or higher for the scheduled course hours are required to withdraw and automatically receive a “RW” (required withdrawal) for the course, regardless of any other evaluation results. (RW is a failing grade.)
- An excused absence is one that is verified with your instructor. Verification should be prior to the absence or the next class day following the absence. Verification of the absence may take the form of a note from your doctor/College nurse regarding illness, or a note from another instructor regarding a field trip or other activity, or authorization by your instructor. An unexcused absence is anything NOT verified by the instructor prior to the absence or the next class day following the absence.
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NOTE: Any exceptions to the above attendance policy (e.g. timetable conflicts, work-related issues) must be approved in writing by the Department Chair prior to the beginning of the course.
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It is the students’ responsibility to know their own absentee record.
Normal hours are 8:30 a.m. to 6:30 p.m., with potential for evening courses, exams, or extended field trips. Students are expected to be available for classes during these times.
Content of Course:
- Risk Management
- Types of Agricultural Risk
- Student Managed Farm at Lakeland College
- Risk Assessment and Mitigation Strategies
- Risk Scorecard and Reporting
Course Assessments:
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Application to Risk Team
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10%
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Weekly Submissions
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35%
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Risk Team Report
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10%
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Final Report Practice Presentation
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10%
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Final Report
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25%
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Peer & Protective Mark
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10%
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Total
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100%
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- Official final grades will be available on My Lakeland. Grades posted in D2L should be considered interim grades.
- “Lakeland College is committed to the highest academic standards. Students are expected to be familiar with Lakeland College policies and to abide by these policies. Violations of these policies are considered to be serious and may result in suspension or expulsion from the College.”
Course Pass Requirements:
A minimum grade of D (50%) (1.00) is required to pass this course.
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Letter
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F
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D
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D+
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C-
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C
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C+
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B-
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B
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B+
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A-
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A
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A+
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Percent Range
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0-49
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50-52
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53-56
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57-59
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60-64
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65-69
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70-74
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75-79
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80-84
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85-89
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90-94
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95-100
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Points
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0.00
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1.00
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1.30
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1.70
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2.00
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2.30
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2.70
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3.00
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3.30
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3.70
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4.00
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4.00
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Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.
Every effort has been made to ensure that information in this course outline is accurate at the time of publication. Lakeland College reserves the right to change courses if it becomes necessary so that course content remains relevant.
In such cases, the instructor will give students clear and timely notice of changes.
No part of this course outline may be reproduced in any form or resold without written permission from Lakeland College.
Copyright©LAKELAND COLLEGE.
2602 - 59 Avenue, Lloydminster, Alberta, Canada T9V 3N7. Ph: 780 871 5700
5707 College Drive, Vermilion, Alberta, Canada T9X 1K5. Ph: 780 853 8400
Toll-free in Canada: 1 800 661 6490 E-mail: admissions@lakelandcollege.ca
Here at Lakeland College, we acknowledge that the land we gather on is the traditional homeland, hunting, and ceremonial gathering places of the First Nations, Métis and Inuit. The Plains Cree, Woodland Cree, Saulteaux, Blackfoot, Métis, Dene, and Nakota Sioux people have practiced their culture and languages on Treaty 6 and Métis Region 2 territories for generations and were the original caretakers of this land. Many First Nation, Métis and Inuit peoples call this land home today and have done so for millennia. We would like to acknowledge the history we have created together on this land, and to be thankful for the opportunity to walk together side-by-side in friendship, learning from our past, and promoting positive relationships for the past, present and future.
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