Managing ChanceMonday, Jan 27, 2003
The news of the past few weeks has brought to mind a piece from the Book of Ecclesiastes that I think encapsules the problematical environment of farming today:
I returned and saw under the sun,
that the race is not to the swift,
nor the battle to the strong,
neither yet bread to the wise,
nor yet riches to men of understanding,
nor yet favor to men of skill;
but time and chance happeneth to them all.
As farmers we learn, develop and act as if we are managers of our success and perhaps with good reason, complain when the market or the climate or disease serves up a reversal.
Pastoral farming now seems to be on the edge of a time where chance will play a major part in the success of this season. Chance, which is contrary to our belief that as managers that we can plan for any eventuality
Market prices for products are starting to yield under pressure from international economic instability and the rising dollar – influenced by the prospect of a war with ill-defined outcomes
Chance will become the dominant influencer on product prices and maybe even the ability to get products to our markets over the next few months.
It’s in years like this that the stress of profitably managing a farm mounts, not because of the lack management skill, but because of the greater influence of chance.
After the past seasons relatively stable production and good marketing conditions, we may be expecting more of the same but it is clear that some is highly probable - as a result of chance and not bad management.