Preparedness for, and recovery from, extreme disruptions: management of boom and bust business and production cycles in agriculture.

Summary

This project is designed to support levied, small and emerging primary producers to understand boom and bust cycles and to prepare to capitalize on the booms and resist the busts.

Our approach is to take a holistic view of risks and opportunities of the boom and bust cycle but drill down to provide meaningful information for small and emerging agricultural and horticultural industries.

Our work will compare and contrast enterprise characteristic associated with the core capabilities in strategy, planning and management acknowledging that boom or busts just amplify the opportunities or issues to the business. It will also consider risks from exogenous sources (e.g. climate variability or markets) and risk from endogenous source (e.g. poor financial management). This distinction enables insight and strategies for ricks that can be directly managed and those that need to me managed for.

We did not want to produce a report that does not make an ongoing and meaningful contribution to this issue.  we have therefore included on this project a self assessment tool and a boom and bust planning guideline document.

Program

National Rural Issues

Research Organisation

Natural Capital Economics

Project Code

PRO-015174

Project Stage

Current

Project Start Date

Saturday, October 23, 2021

Project Completion Date

Monday, October 24, 2022

National Priority

NRI-National Rural Issues

Contact