The study examined risk associated with homestead maize farm in Jabbi-lamba, Girei Local Government of Adamawa State in Nigeria. The data was obtained from Jabbi-lamba homestead farmers using questionnaires through simple random sampling. Data used were analyzed using Perceived Composite Risk (PCR) metrics. The results indicated that herbicides has the highest Expected loss, standard deviation and PCR with ₦47,560, ₦44,712.323 and ₦59,681.785 respectively. Labour has the highest expected severe loss of ₦23,040. The study recommends that, farmers should form Jabbi- lamba Homestead Farmers Association (JHFA) and to enroll in training to mitigate risk in their farms so as to improve their yields and in turn their standard of living.