The road map may consist of short-term goals and rewards for achieving those goals. With your destination and road map in hand, the next step is implementation of the plan, setting in motion the strategies to achieve the destination. Frequent evaluations of results of the strategy will identify any problems while there is still time to correct them. It's a good idea to review and update your strategic plan at least once a year. Your long-term goals may change as well as business cost structure, market conditions, and supply and demand forces.
Risk is an important component of any strategic plan.
This is what the Extension Service's FARM Assistance program is all about- evaluating the financial and risk implications of alternative strategic plans before they are implemented. Most of its analyses are requested by the Agriculture Committees of the congress, from which it receives annual appropriations. AFPC does not make recommendations. It analyzes impacts and gives the policy makers latitude to interpret its relevance and implications. The strength of the AFPC research and extension program involves the farm level impacts of program changes.