Teagasc director: Current cash flow problems not fault of farmers

THE current cash flow problems on Irish farms are not the direct fault of the individual farmer, but are due to falling output prices and credit shortages.

Teagasc director Professor Gerry Boyle, who made the observation, said while it is hoped that this will be a short-term problem, further price fluctuations in the years ahead are expected.

Producers, therefore, will need to exercise tight financial control on farms and use all the skills and tools available to manage this volatility.

He was speaking at the launch of a new Farm Business Planning DVD which will assist farmers and students improve the skills required to manage their farm businesses.

The DVD has been produced in association with the Farm Apprenticeship Board and will be used as part of Teagasc’s education courses and with farmer clients. Farm Apprenticeship Board chairman Seamus Phelan said there are vital steps in preparing a farm business plan. The most crucial of these include analysing the current situation, setting farm goals, developing a business plan and implementing it.

“This DVD brings all of these aspects together and will help farmers and students develop the skills necessary to manage their businesses in these difficult times,” he said.

Teagasc programme manager Tom Kelly said the DVD outlines in an easy-to-understand manner the steps involved in farm business planning.

It emphasises the use of computer applications to aid with calculations such as the cost control planner, e-profit monitor, farm business planner and other farm software packages, all of which are available from Teagasc. The DVD’s mix of farmer interviews and case studies also provides clear messages for the viewer, he said.


Lifestyle

Much has been said about the perils of being stuck in the house 24/7, like family pets interrupting your important conference calls, your partner leaving their dirty dishes everywhere and the lack of respite from the kids.Silver lining: Seven enforced money-saving habits you might want to continue after lockdown

Put you and your loved ones' pop-culture knowledge to the test with Arts Editor Des O'Driscoll's three fiendishly fun quiz rounds.Scene and Heard: the Arts Ed's family entertainment quiz

A passion for heritage and the discovery of some nifty new software has resulted in an Irish architect putting colour on thousands of old photographs, writes Marjorie BrennanBringing the past to life

Richard Hogan, family psychotherapist, addresses a reader's question about life during lockdownHolding on: how to help your child through the crisis

More From The Irish Examiner