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Free Trade & TTPA

Hamish Pryde • February 21, 2016

The Trans-Pacific Partnership Agreement (TPPA) is a hot topic at the moment but free trade is at the centre of what the twelve nations are trying to achieve.

Wouldn't it a better place if there were no restrictions on our trade?  Quotas and tariffs are designed simply to protect the country that imposes them for the benefit of those industries that perhaps can't produce a commodity as cost efficiently as others that wish to export to the country that needs the product. 

Let the market forces decide!  If there is a demand for a product, people will supply it.  The price will be what a willing buyer and willing seller agree.  Get back to basics.

Supply and demand – an economic theory, the relation between these two factors determines the price of a commodity.  This relationship is thought to be the driving force in a free market.  As demand for an item increases, prices rise.  When manufacturers respond to the price increase by producing a larger supply of that item, this increases competition and drives the price down.  Stated another way, generally, if there is a low supply and a high demand, the price will be high.  In contrast, the greater the supply and the lower the demand, the lower the price will be.

Tariffs and Quotas upset the free market.  What is your competitive advantage when you make something?  Is it the natural resources available - the sun, rain and wind?  Or is it intellectual property (IP) the know-how and can do we possess?  We have an abundance of wind that makes wind farming cost efficient.  We have large green spaces and the conversion of grass into milk is legendary around the world.  Providing subsidies to farmers to grow nothing (fallow fields) has long been a bone of contention.  Who are they helping by providing money for nothing?  There is no encouragement to better the farming practices.

In business we are constantly looking to better what we do, to be efficient in our processes and production. We work towards making a good margin on the products we make and export to the world.  The sale of our products at fair prices should not be sabotaged by tariffs and quotas protecting locals who don't have the skills and resources we have.  We should have fair trade for all.

 

 

Hamish Pryde

16 February 2016


 

By Hamish Pryde September 11, 2024
Paper is everywhere. We spend a lot of time and money moving paperwork around. But with today’s technology it is now possible to get rid of paper entirely. Digital documents are simpler, easier to store and send, more searchable and permanent. How long does it take to post a document to somebody via the ole stamp and envelope method, that is snail mail? It is more efficient and timelier to email the document. How many times do you go to print a document at home and find that your printer has run out of ink? Why do we still hold onto printing paper documents? Sometimes it’s just because that’s what we’ve always done and let’s face it change can be difficult at first. Paper alone is cheap. But when you start paying for printers, toner, servicing and maintenance, paper starts to look more expensive. Let alone the storage cost. Paper tax records for seven years can be quite a few boxes of paper. We have embraced some paperless technology as part of a modern business practice. This includes digital signatures, digital collaboration, paperless minutes of business improvement and coaching meetings, electronic work papers and my new digital notebook which I am enjoying. We send questionnaires via email to you to gather vital information to enable us to prepare your annual financial statements. This is a PDF document. Instead of printing the questionnaires you could save the document down into a folder of your choice then edit the PDF document and return to us. How do you edit a PDF document you ask? Once you have opened the document the Adobe online editor lets you do some things for free. The online editor works in any web browser and lets you add text, sticky notes and highlights. Click on the fill & sign button to the right of the document, then in the top toolbar click Iab text button. You can add text directly on the PDF document. Have a try next time you have a PDF document open. Xero and Farm Focus users can attach invoices directly to the transaction loaded into Xero. Then if you are looking at the rates expense in the profit and loss account or farm working account, you can drill down into the rates code and see the transactions. Then attached to each transaction is the rates invoice if you use this great functionality. All invoices can now be stored in the cloud. So why paperless? Productivity - electronic documents are instantly and simultaneously available to everyone who needs them. Reduce waiting times with less risk of loss or damage. Cost savings - you will save money on printing, postage and associated costs. You could pay less rent because you won’t need all that space for your files. Security - electronic documents are more secure than printed ones. Digital records can be password protected and rendered unreadable through encryption. Printed documents are only as secure as their proximity to a copy machine. Reduced Clutter - paperwork on desks and shelves are not only untidy it’s inefficient too. The organisation of digital files is simpler and your office will look much neater. That will help you clear your mind to focus on your business. Environmentally friendly - less printing means fewer trees cut down for pulp and less energy used to make and transport paper. Disaster recovery - if there is a fire or flood, recovery from the backup is much easier with digital storage them with paper. There are great help articles available in Xero or Farm Focus if you are not attaching invoices to payments already. To find out how click on the links below: If you would like to explore ways you can go paperless we can help.
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