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10 September 2020 | Story Barend Nagel | Photo Barend Nagel

There is a notable quote by one of the most prolific and influential composers ever, that says: 

“The music is not in the notes,
but in the silence in between.”
- Wolfgang Amadeus Mozart

Mozart’s proclamation is relevant, now more than ever. In many cases, we may not realise that those who are more silent than others are most likely faced with adversity in terms of their mental health.

To counteract this silence, UFS Clinical Psychologist, Angela Vorster from the School of Clinical Medicine, devised the UFS Medical Students ‘Unplugged’ initiative as part of a larger campaign. Vorster says the campaign creates an opportunity to encourage students to reconnect with their soulful side.

“Each year we choose a mental-health issue and focus our theme on raising awareness – e.g. suicide awareness.” This year’s theme is ‘In my blood’ depression and anxiety awareness. Sadly, the 2020 ‘Unplugged’ event had to be cancelled due to the unfortunate (and mentally taxing) circumstances we are currently facing around the globe. Nonetheless, Vorster’s evident compassion and benevolence towards individuals’ mental health did not allow the pandemic to discourage her from finding innovative ways of keeping harmony.

“Once we all returned to a 'new normal', I invited our students to submit recordings of their music. This then became a channel of its own on YouTube – and we could not be prouder of our musically talented students.” According to Vorster, research and literature have established that music has a significant impact on relieving emotional distress and improving our moods. “It became evident during therapy sessions how important music is in helping our students express their emotions, relax, and also engage their creativity,” says Vorster.

With Mental Health Month inching it’s way closer, and World Suicide Prevention Day on 10 September, we should all embrace the ‘magic’ of music and the positive effects it has on our psychological and mental well-being. So, turn up the volume and defeat the silence in your life with your favourite music. Play an instrument, turn up the volume on your iPod, sing in the shower, or watch the UFS Students ‘Unplugged’ videos on YouTube; allow music to heal your ‘silences in between’.

 


News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


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