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Wyo Ag Risk - Human Resource and Legal Risk
 

 

Human resources are both a source of risk and an important part of the strategy for dealing with risk. At the core of dealing with that risk, and that potential, is the ability to manage people. Human resource calamities can hamper even the most carefully made and appropriate risk management decisions. Those calamities include divorce, chronic illness, and accidental death.

Many of the day-to-day activities of farmers and ranchers involve commitments that have legal implications. Understanding these issues can lead to better risk management decisions. Legal issues cut across other risk areas. For example, acquiring an operating loan has legal implications if not repaid in the specified manner. Production activities involving the use of pesticides have legal implications if appropriate safety precautions are not taken. Marketing of agricultural products involves contract law. Human resource issues associated with agriculture also have legal implications, ranging from employer/employee rules and regulations, to inheritance laws. The legal issues most commonly associated with agriculture fall into four broad categories: 1) appropriate legal business structure, and tax and estate planning; 2) contractual arrangements; 3) tort liability, and, 4) statutory compliance, including environmental issues. (After National Crop Insurance Services’ Crop Insurance and Risk Management Primer, Risk Overview, page 35.)

A dynamic management approach is useful for effectively and efficiently managing the complex and changing nature of human resource and legal risks in agriculture. A strong understanding of these risks can prove valuable not only for avoiding risks, but also for reducing the negative implications of realized human resource and legal uncertainties.

Three articles are presented on the topic of Livestock Human Resource and Legal Risk:

  1. From the National Crop Insurance Services’ Crop Insurance and Risk Management Primer, we provide an article by Dr. Laurence M. Crane entitled Human Resource and Legal Risk.
  2. From the Texas Agricultural Extension Service, we provide "Farm and Ranch Personnel Management."
  3. From the Risk Management Agency website, we provide "Legal Framework for Risk Management."

These articles were selected for their relevance, ease of understanding, and completeness; however, they do not provide an exhaustive discussion of livestock human resource and legal risk.  Readers desiring additional information about livestock human resource and legal risk are encouraged to explore the reference links provided below.

 

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Additional References

 

Library Sources

 

Western Risk Management Library: http://agecon.uwyo.edu/RiskMgt/DEFAULT.htm

 

National Ag Risk Education Library: http://www.agrisk.umn.edu/

 

Risk & Resilience in Agriculture: http://agecon.uwyo.edu/RnRinAg/Default.htm

 

Recognizing Risks: http://www.wvu.edu/~agexten/farmman2/riskmang/risk.htm

 

Articles

Occupational Safety: http://www.ncfh.org/docs/fs-Occ Health.pdf

 

The Role of Human Resource Management in Risk Management: http://www-agecon.ag.ohio-state.edu/people/erven.1/HRM/Ohio Challenges.pdf

 

Human Resource Management: Employee Attraction and Selection Guide: http://mastermarketer.tamu.edu/Curriculum Guide/cg/overheads/rm8-3.0.pdf

 

The Human Side of Human Resource Management in Ranch Operations: http://agecon.uwyo.edu/RiskMgt/humanrisk/HumanSideofMgt.pdf

 

Wrestling with Federal Environmental Laws Affecting Western Agriculture: A Selected Overview : http://agecon.uwyo.edu/RnRinAg/RnR Section 5/Wrestling with Federal Environmental Laws Affecting Western Agriculture.pdf 

 

Livestock Laws: http://tarlton.law.utexas.edu/dawson/fence/fnc_menu.htm

 
 
 
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