the new zealand data covers only specialised meat and wool farms thus the analysis for this country focuses on risks in livestock farming this differs from other countries where databases include mixed farms and the risk assessment is mainly focussed on crop farming the fact that data for new zealand concerns only livestock farms somewhat limits the scope of the analysis thus no attempt has been made to assess output risks as was done for other countries due to the difficulty of disentangling normal variations in the numbers of livestock sold that arise from stock cycles from any other output variations the farmlevel risk analysis for other countries also included stochastic simulations of risk management strategies this is not done for new zealand as the model used is not adapted for livestock farming simulations these limits notwithstanding the analysis of farmlevel data provides interesting insights into farming risks in new zealand