Show simple item record

dc.contributor.authorWestbrooke, Victoria
dc.date.accessioned2015-11-16T23:44:24Z
dc.date.issued2013
dc.identifier.citationWestbrooke, V. (2013). Business options and strategies: a study of small herd owners views in the Waikato, New Zealand. Extension Farming Systems Journal, 9(1), 60-66.
dc.identifier.issn1833-2048en
dc.identifier.urihttps://hdl.handle.net/10182/6755
dc.description.abstractIn the last thirty years the size of the average New Zealand dairy herd has almost tripled. Despite this growth, 36% of herds are considered small with less than 250 cows. It is important to develop an understanding of the goals and future business strategies of owners of small farms. In the Waikato region of New Zealand, 13 owners of small farms were interviewed using a semi structured qualitative approach. The farmers' two key goals were flexibility and time for non-farming activities, and sufficient funds for the family and business. The business strategy was to generate a strong annual cash surplus and reduce debt to a low level by retirement. Then funds previously used to repay debt could be used to employ staff to milk the cows. The key lesson was that farm owners with small herds follow a strategy that focuses on generating a strong cash-flow and debt management or minimisation. This information will allow extension programs and commercial products and services to be tailored to the needs of owners of small herds.en
dc.format.extent60-66en
dc.language.isoen
dc.publisherAustralasia-Pacific Extension Network (APEN)
dc.relationThe original publication is available from - Australasia-Pacific Extension Network (APEN) - http://www.apen.org.au/efs-vol-9en
dc.rights© Copyright APEN
dc.subjectsmall dairy farmsen
dc.subjectcapitalen
dc.subjectdebten
dc.subjectsurvivalen
dc.subjectbusiness strategiesen
dc.titleBusiness options and strategies: a study of small herd owners views in the Waikato, New Zealanden
dc.typeJournal Article
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
lu.contributor.unitDepartment of Land Management and Systems
dc.relation.isPartOfExtension Farming Systems Journalen
pubs.issue1en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/LAMS
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/QE18
pubs.publication-statusPublisheden
pubs.publisher-urlhttp://www.apen.org.au/efs-vol-9en
pubs.volume9en
lu.identifier.orcid0000-0003-2040-155X


Files in this item

Default Thumbnail

This item appears in the following Collection(s)

Show simple item record