Show simple item record

dc.contributor.authorPangborn, Marvin C.en
dc.date.accessioned2011-07-01T02:29:41Z
dc.date.issued2009-06en
dc.identifier.urihttps://hdl.handle.net/10182/3699
dc.description.abstractThe purpose of this paper is to summarize the current financial management problems facing dairy farmers, review methods commonly used for setting the framework for farm management, and to then look at some specific actions that may help farmers to survive these volatile economic times. The current situation is not new to the NZ dairy industry. Dairy Historian, AH Ward in the 1975 book “A Command of Co-ops”, detailed a number of downturns through the early history of the industry (1922, 1927, 1934, 1958, 1966). In my 21 years of involvement in the NZ dairy industry, there have been a number of bad times, the most severe occurring during the economic re-structuring of the NZ economy in the mid-1980’s. Every down turn has its’ own “personality”. The difference between the 1980’s and today is that today we have a more market orientated economy. The NZ government is in a better financial position, world economies are more interconnected, the speed of communication has increased rapidly and there are an even greater numbers of salespeople and increased pressure on farmers to purchase products or change their farming system. From an international standpoint the world economy is suffering the “hangover” from a number of years of high growth and the liberalisation of banking standards.en
dc.format.extent162-173en
dc.language.isoenen
dc.publisherSouth Island Dairy Event (SIDE).en
dc.relationThe original publication is available from - South Island Dairy Event (SIDE).en
dc.rightsCopyright © South Island Dairy Event (SIDE).en
dc.sourceSouth Island Dairy Event (SIDE) Proceedingsen
dc.subjectfinancial managementen
dc.subjectfarm managementen
dc.subjectdairy industryen
dc.subjecteconomic downturnen
dc.titleThe importance of financial management in a volatile economic environmenten
dc.typeConference Contribution - Published
lu.contributor.unitLincoln Universityen
lu.contributor.unitTelforden
pubs.finish-date2009-06-24en
pubs.notesPaper presented at South Island Dairy Event (SIDE) conference, 22-24 June 2009, Lincoln University.en
pubs.organisational-group/LU
pubs.organisational-group/LU/Telford
pubs.publication-statusPublisheden
pubs.start-date2009-06-22en
dc.publisher.placeChristchurch, NZen
lu.subtypeConference Paperen


Files in this item

Default Thumbnail

This item appears in the following Collection(s)

Show simple item record