Financial budgeting in sheep and beef businesses
Abstract
Over the past twelve months we have seen extreme fluctuations in factors affecting agricultural
return such as exchange rates and dairy payout. This volatility is changing the risk status of
agriculture in New Zealand. Farmers need to take greater control of the financial management of
their businesses. There is a great opportunity to increase profitability on sheep and beef
properties but it needs to be driven by a willingness of farmers to up skill themselves on what
influences profitability. This has to be done by being informed, knowing where the business is
now and then looking forward.
This project sought to identify levels of budgeting skill amongst sheep and beef farmers, to
explore the impact of effective financial budgeting and to examine the barriers for farmers to
financial budgeting.... [Show full abstract]
Keywords
farm management; budgeting; financial managementFields of Research
070106 Farm Management, Rural Management and Agribusiness; 140201 Agricultural EconomicsDate
2009Type
MonographCollections
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