Primary Sector.
Our specialist Primary Sector team works with food producers, farmers, nurseries, apiarists, forestry contractors and fisheries.
Is there room for improvement in your business?
How much debt is too much debt?
What systems should I be using to manage my business?
How do I guard against fluctuations in pay outs?
Use this page to find articles, advice and ideas to run a thriving, sustainable business.
Managing maturing markets
As a nation built on growing, producing, harvesting and good old Kiwi know-how, it is not surprising that many of our primary sector industries are now reaching maturity. With maturity we have seen significant increases in regulation and competition.
Diversity is key to offsetting issues related to production intensity. We are seeing more farmers investing in eco-tourism. Diversity also helps spread financial risk.
Adding value helps manage competitive pressures. Innovation requires an understanding of market trends but is well supported through government funding.
Education and communication are also key to informing consumers and managing perceptions. Farmers are now actively engaging the public through on-site visits, demonstrating leading edge technology and showcasing environmental solutions.
Having the right tools.
Making decisions about when to replace equipment, recruiting labour and diversifying rely on having good information that comes from the right business tools.
Use financial software to determine which parts of your business are most productive and which are most profitable.
Use forecasting to understand your cashflow and when is the best time to spend and hiring more people.
Talk to your accountant about how to offset tax obligations through innovation and diversity.