
What Constitutes Efficiency?
I had coffee with a bloke the other day who was a former dairy company director and a director of several corporate dairy farms. I tugged on his coat about the acceptance of production diseases. He called it “balance sheet farming”. Rampant pay outs and easy credit meant that in the board room you didn’t really have to worry about the cows themselves. But things have changed. Historically, corporates never survived the down turns. Whereas, the family farm just pulled the bel