Risk management in agriculture has been implemented probably as long as agriculture exists. One of the factors why researchers and policymakers recently are more interested in farm risk management is the vulnerability farmers face towards extreme events (EWE) linked to climate change. This article is based on a survey with Belgian farmers to analyze how they perceive EWE and what actions they undertake to mitigate these risks. Overall it seems that on the one hand policy based recovery measures like disaster funds do not obstruct farmers to take risk prevention measures. On the other hand, 25-30% of the farmers have no strategies implemented towards EWE.