Discovering potential
To help farmers make wise financial decisions in these areas, Teagasc introduced a ‘Decision Tree’ application at the National Ploughing Championships.
A ‘Decision Tree’ is a means of methodically examining an individual farm situation.
It is a helping hand to take a serious look at the options for sustainability or further development. It will expose individual farmers to new ideas, and take them through a decision making process.
Teagasc Options Specialist Maria Heneghan said:
“In today’s economic climate, efficiency is vitally important.
“The ready reckoner that accompanies the ‘Decision Tree’ will help you to see clearly the financial position of your farm.
“It will clarify for you if your inputs need to be reviewed, and where there is scope for savings.
“It will also help you to address the major decision on succession and a livelihood for the next generation.
“The ‘Decision Tree’ is an easy-to-use, farmer-friendly tool to help you to help yourself.”
This autumn, Teagasc will stage a course around the country. It will help participants consider the full potential of their farm, and explore options for generating an additional income stream.
For further information, contact your local Teagasc office or contact persons for the following options courses in the southern counties.
For a full national list, log onto www.teagasc.ie
*Teagasc, Macroom, Co Cork, Today, October 6, Pat Buckley, 026-43511.
*Teagasc, Mallow, Co Cork, Tuesday, November 1, Tom Egan, 025-42486.
