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dc.contributor.authorNewman, Derek L.en
dc.contributor.authorGreer, John P.en
dc.date.accessioned2011-06-29T23:39:46Z
dc.date.issued2001en
dc.identifier.urihttps://hdl.handle.net/10182/3674
dc.description.abstractFinancial economics is based on the tenets that we prefer more to less and that we seek to maximise our wealth in order to maximise our happiness. Performance appraisal merely seeks measures of how well we have achieved this objective. If my tax paid wealth at the start of a period was $100 and at the end was $110 how have I done? I’ve earned 10% for sure, but just how well I have performed depends on what other people have earned having invested similar amounts in assets of similar risk and whether this year’s earning is an improvement on previous years. In principle it is no different when assessing the overall performance of a dairy farm. Sure, there are a lot of other things to take into account, but basically the increase in wealth relative to our investment at the start of the period represents our overall return.en
dc.format.extent79-86en
dc.language.isoenen
dc.publisherSouth Island Dairy Event (SIDE)en
dc.relationThe original publication is available from - South Island Dairy Event (SIDE)en
dc.rights© 2008 by South Island Dairy Event (SIDE)en
dc.sourceSouth Island Dairy Event (SIDE)en
dc.subjectdairy farmsen
dc.subjectperformanceen
dc.subjectperformance appraisalen
dc.subjectfinancial healthen
dc.subjectmeasurementen
dc.titleFinancial health - how do you measure up?en
dc.typeConference Contribution - Published
lu.contributor.unitLincoln Universityen
dc.subject.anzsrc0701 Agriculture, Land and Farm Managementen
pubs.finish-date2001-06-27en
pubs.notesJohn Greer of Lincoln University delivered the paper which was put together by Derek Newman. Presented at South Island Dairy Event (SIDE) conference, 25-27 June 2001, Lincoln University.en
pubs.organisational-group/LU
pubs.publication-statusPublisheden
pubs.start-date2001-06-25en
lu.subtypeConference Paperen


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