RiskWi$e National Risk Management Initiative

RiskWi$e is the  National Risk Management Initiative, a five-year, $30 million investment from Grains Research and Development Corporation (GRDC) running from 2023–2028 that aims to help Australian grain growers strengthen decision making under risk and uncertainty for enduring profitability.

Led at a national level by CSIRO, the RiskWi$e project is helping grain growers understand the trade-off between potential reward and downside risk across a range of farm management decisions.

RiskWi$e's aim is for growers to be able to get decisions ‘more right more often’. It is working to support grower on-farm decision making across four key themes.

  1. Nitrogen and input management: Making fertiliser and other input decisions that optimse long-term rewards vs risks
  2. Enterprise financial decisions: Making farm machinery, technology, infrastucture and asset investment decisions
  3. Agronomic decisions: What crop to grow, when to sow and how to maximise returns in a range of seasonal conditions
  4. Natural resource capital management: Balancing short-term profit while maintaining long-term soil function and productivity

RiskWi$e in NSW

Southern NSW Innovation Hub leads the RiskWi$e NSW Action Research Group working on a range of projects in collaboration with grower group and research partners, including:

Research themes and projects in NSW:

Nitrogen decisions

  • Testing nitrogen (N) sequence targets vs traditional budgets
  • Measuring yield projections, biological/economic optimums, and local practice
  • Exploring grower attitudes and behaviours around N management
  • (AgGrow, AMPS Research, CWFS, FarmLink, GOA, and IFN)

Enterprise agronomic decisions

  • Managing Phosphorus (P) in the farming system: Testing strategies to reduce P input costs on high‑P soils (AgGrow)
  • Lime and learn: Assessing risks/rewards in acid soils of low‑rainfall systems (GOA)
  • Rotational decisions in northern cropping systems: Improving cropping system choices through simulations and participatory research (AMPS)

Enterprise financial decisions

  • Major capital acquisitions: Tools and information for farm expansion, machinery, and storage investments (AMPS)
  • Slow thinking frameworks: Helping growers adopt slower, more deliberate decision‑making under uncertainty (Riverine Plains and Holbrook Landcare Network)

Natural resource management

  • Soil carbon risks in cropping systems: Workshops, surveys, and case studies to understand carbon storage, cycling, and offsetting risks (CWFS)

RiskWi$e news

Resources

Reports

National project lead

CSIRO

Project funding

RiskWi$e is a five-year, $30 million national investment by the Grains Research and Development Corporation (GRDC).