Full Name: National Risk Management Initiative
Project Lead: Hart Field Site Group
Funding Body: GRDC
The National Risk Management Initiative (NRMI) aims to understand and improve risk-reward outcomes for Australian grain growers through participatory action research (PAR).
The NRMI involves grower groups across South Australia including Hart Field Site Group (lead), Upper North Farming Systems, Mid-North High Rainfall Zone, Murray Plains Farmers and Northern Sustainable Soils.
Explicitly the NRMI aims to:
- develop an improved understanding of the risk-reward relationships for important on-farm management practices and decisions,
- inform growers and their advisers of new insights into managing risks and maximising rewards, and challenge grower decision-making so future management decisions are thought of in terms of probability of upside returns offset against the associated downside risks