‘Not taking a risk is the biggest risk for business’

In the case of livestock marts, credit risk and the relatively small scale of operations of some marts are closely interrelated

Risk management is essential for any business, particularly any organisation associated with food products and consumers.

There are also market-related risks which must be managed and this was the subject of the national conference last week organised by the Irish Co-operative Organisation Society (ICOS), representing co-ops, including the dairy processors and national livestock marts.