Tuesday, September 16, 2014

Managing Drought Risk on the Ranch

Evaluate Drought Recovery Strategies

Some action will have to be undertaken after drought, no matter how well one has designed their operation for drought resilience. 

The length of the drought, the severity of the drought, market conditions, and other factors, have a great impact on drought recovery. 

As you think through management options that you might take after a drought drought, you may want to consider

  1. Does it move you towards your vision or goals?
    Drought management is just one piece of your overall ranch vision and goals, but can help you achieve your goals if you keep them in mind.
  2. Is it feasible?
    Reflecting back on your inventory of your ranch resources, and the strengths, weaknesses, opportunities, and threats you identified, is this strategy something you can realistically do?
  3. Will it make an impact?
    To explore what other producers and advisors have identified as being effective strategies to manage through drought, see "After Drought."
  4. Do the benefits outweigh costs?
    Financial decision making tools may help you identify the costs and benefits of proposed projects, and help you see the larger financial implications of your decision.

Download pdf

 

Drought Plan Worksheet

The National Drought Mitigation Center | 3310 Holdrege Street | P.O. Box 830988 | Lincoln, NE 68583–0988
phone: (402) 472–6707 | fax: (402) 472–2946 | Email Us

University of Nebraska-Lincoln
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