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Dairy Business Risk Register
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What is the risk?Likelihood SeverityRisk factor (LxS=)Mitigation - what can you do about it?PriorityWho is responsible
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1=Unlikely 5=Very likely1=Little impact 5=Major impactLow Risk 1-8
Medium Risk 9-14
High Risk 15-25
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A partner wants to be bought out of the farming business3515Continual communication with all partners to assess life plans. Ring fencing of assets that can be liquidised without detriment to business. Invest 10% of profit each year off farm to build non-business essential worth for later liquidation
LowGeoff
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