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We are a tea plantation company and I am preparing the risk management note in our first IFRS accounts. Can anyone give some insights on what sort of risks I should consider?
in IAS 41 - Agriculture by

1 Answer

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Some of the common agriculture specific risks may include:
1. Climatic risks
Company's performance may be affected by adverse climate such as rain, wind etc. Generally tea and rubber plantations are highly vulnerable to climate variations. You need to describe the risk in detail and note the actions taken to mitigate such risks.

2. Land acquisition/political risks
If your company is using government provided land/resources such benefits may depend on favorable political situations.