Over the course of just a few years, shrimp farming has become a major aquaculture production system in coastal areas of several developing countries across the globe. However, farmers are facing a variety of risks related to disease, market, and climate, which influence risk management strategies and adoption of new technologies. This paper looks at three practices related to pond management: (1) water quality management to ensure a good environment for shrimp growth; (2) adequate feed input; and (3) disease control practices in order to mitigate the risk of disease outbreak in the pond.