Planning for climate change, beyond the farmgate and the immediate crop season, is the purpose of this guide, intended for farms smaller than 5,000 hectares (12,355 acres). Directors of smaller farm corporations need to have effective climate governance in place and consider climate-related risks and opportunities in their decision-making to ensure the farm business they oversee is resilient to severe weather events, changing climate, and rapidly evolving regulations and market expectations. This report details climate risk for agricultural corporations, duties of directors in anticipating climate risk, and strategies for managing climate risk.