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In this paper, the risk profile of two pastoral production systems in New Zealand are examined. All farmers must manage and mitigate a multitude of risks. Traditionally, a farm budget is solely undertaken to satisfy a lending institution. Limited variance analysis takes place, usually for output prices and inputs such as: interest rates, energy costs, and fertiliser. The authors of this paper use "@Risk", a risk profiling plug-in tool for Microsoft Excel to demonstrate how farm budgets can bedoi:10.3390/agriculture7100081 fatcat:dg4th64gvbatfkonpjrh557tyq