Another interesting Nuffield report out of the UK by 2012 scholar Tim McClelland on ‘Why are you farming – business or pleasure?’ Objectives of Study Tour: 1. To compare and contrast business practice in family farm businesses within the United Kingdom - and in particular Northern Ireland - with the rest of the world. 2. To evaluate levels of “responsiveness to change” within these same business units. 3. To bring recommendations as to how change can be effected within farm businesses in the United Kingdom and in particular Northern Ireland. Findings: - A farming business is two businesses, not just one. - Correct skills set and early control vital for farmers. - Written strategic and risk management planning essential. - Business performance monitoring essential. - Farmers must talk profit, profit, profit. - The rules of profit must apply when responding to change. See Tim’s report at: nuffieldinternational.org/rep_pdf/1379074018Tim-McClelland-report-2012.pdf
Posted on: Wed, 09 Oct 2013 00:35:23 +0000
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