Wellbeing in Agribusiness
This sector report is part of the first ever BDO Wellbeing in Business Index - Te Rangahau o ngā hauora pai - which studies the relationship between business performance and wellbeing among New Zealand’s business leaders and owners. View the main report and our other sector commentary here.
VIEW THE WELLBEING IN AGRIBUSINESS REPORT
Agriculture scored 80 out of 100 on the WHO-5 wellbeing measure –significantly above the whole-of-business average of 69. This is particularly encouraging given that agriculture has traditionally been a sector that has suffered from poor mental health at times.
With strong commodity prices for red meat and dairy along with most farming regions being set up well for a good spring, this is providing for good business conditions for agriculture presently.
Despite a positive WHO-5 score, just under half (48%) of agricultural business owners surveyed said that they had been feeling less mentally healthy than normal at some point in the past six months.
Agribusiness can be one of the hardest sectors to work in because you’re at the mercy of increasingly unpredictable weather systems. The report highlights that the best way to alleviate the pressures caused by unexpected events is to have a really good understanding of your finances and business plan.
Read more about the survey results as well as tips for keeping wellbeing and business performance high in the agri sector in our Wellbeing in Agribusiness report.
VIEW THE REPORT
Where to go for further support:
Contact our specialist Agribusiness sector team here