Ireland needs a plan for next recession

Whether one is a nation, an individual, or a corporation, it does not do to enter a tougher environment without the financial wherewithal and without a plan, writes Kyran Fitzgerald

Farming families tend to understand instinctively that good times never last forever. Last year’s bumper crop, or price, gives way to this year’s shortage or revenue meltdown.

Those living in cities are perhaps less likely to accept that this is simply a fact of life and more likely to play the blame game when things go wrong.