It was interesting to listen to entrepreneur Sean Gallagher address the Teagasc National Dairy Conference this week. In his presentation, he highlighted the need for farmers to look at themselves as business people. The need to view the farm as a business is something that is often overlooked, with production issues taking preference. Teagasc deserves credit for recognising the need to broaden the lens.

One of the more salient points raised by Gallagher was that hope is not a strategy for the future. Given the uncertainty in the market, his comments are well timed and can be applied to all sectors.