Early 98 worst time
THE first three months of 1998 will be the worst for dairy producers cashflows since the fall in milk price, according to Mr Coley.
To ease that, he advised planning cash requirements and then sticking to that plan of payments.
"But also analyse how you can make an impact on peak cash requirements. Consider restructuring borrowing by spreading short-term loans over a longer period, and think about timing and payment of big purchases." Quota can be bought during cashflow surplus and insurance payments could be made monthly, he suggested.
But he advised against seeking alternative cash sources. It was not a good time to lose control of cash. *