Develop Climate Risk Management Strategies

   

Added on  2019-12-28

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Develop Climate RiskManagementStrategies
Develop Climate Risk Management Strategies_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31. Describe the farming business and outline the major climatic problems affecting theenterprises in the business............................................................................................................3TASK 2............................................................................................................................................42.1 Has the climate changed over the 20 years? Have the temperatures risen or rainfallincreased? Are there any patterns or trends?...............................................................................42.2 How has, or how will, the recent climate affect your enterprise or the one you plan to havein the future? (If you don’t have an enterprise use pasture or crops and sheep or beef cattle). ..4TASK 3............................................................................................................................................43. Provide a brief outline of the SOI (Southern Oscillation Index) and indicate the likelihoodof above or below average rainfall for your farming area...........................................................4TASK 4............................................................................................................................................54. Climate Risk and Opportunities...............................................................................................5Task 5...............................................................................................................................................65.1 Risk assessment using risk matrix.........................................................................................65.2 Vulnerability Matrix..............................................................................................................7Task 6...............................................................................................................................................86. Risk management strategy.......................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................92
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INTRODUCTIONFarming is one the most important business for any country. Farming business fulfills daytoday needs of every individual. There are several businesses in farming such as agriculture,fisheries , dairy farming etc. In the report we have chosen Dairy farming business. It is a part ofagriculture that deals with milk production accompanied with milk processing at dairy farms ordairy plants (Moran, 2005). Need of milk is never ending. They are rich in high producing dairycows. Other animals are also used other than cows in farming business such as ships, goats,camels, buffaloes etc. Milk products enterprise has been chosen in the study. Effects of climaticconditions on farming business will be studied.TASK 11. Describe the farming business and outline the major climatic problems affecting theenterprises in the business.Farming is one of the most important sector in Victoria. Farming business to besuccessful needs clear and complete understanding of the firm. It is required to understand whatit is about and the scope of the firm in future. In the competitive world, it is required for the firmsto recognize strengths of competitive firms and accordingly develop planning to maintaincompetition in the market. Dairy farming is one of the most common business everywherearound the world. Demand for milk is never ending. Climate plays crucial role in farmingbusiness. But, there are certain climatic factors that affects dairy farming business in Victoria.Environmental impactIn Victoria , there is emission of greenhouse gas which is almost 10% to 16% and dairy farmscontributes 3% of overall emissions. Temperature changes and availability of water directlyaffects pastures and crops . Their quantity as well quality degrades. The grains required to be fedto animals gets affected . Use of pesticides leads to several diseases. Pollution of water and landaffects quality of crops. HydrologyClimate variability has direct impact on the farming business. If natural disasters like droughtsoccur frequently farmers would be more vulnerable (Armstrong and et.al., 2000) .On the other3
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