Managing Production Risk

There is an inherent risk that we take each and every morning when we choose to get out of bed and face the new day that is dawning. There is always a risk that a car or a bus or a train might hit us, or even worse that we might hit another person while we our selves are driving. However, the probability of that happening is very slight. It is estimated that 7-8% of the trauma related fatalities in the USA are pedestrians (How We Die). There are risk factors that contribute to or alter the probability of getting hit by a car or bus such as regularly having to cross a major highway from the parking lot to your place of work Now as we begin to discuss the pork industry there are several risk factors that contribute to variability and to the probability of producing pork profitably in todays highly competitive global economy.