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14 September 2021 | Story Leonie Bolleurs | Photo Supplied
Ofhani Mavhungu, Carina le Roux, Dr Foch de Witt , and Andries van der Merwe.

The Department of Animal Science at the University of the Free State (UFS) walked away with numerous awards at the 52nd congress of the South African Society for Animal Science (SASAS).

Dr Foch de Witt, Senior Lecturer in the department, explains that the SASAS congress is an annual event where scientists, academics, students, and various industry role players come together to share the latest research findings regarding different aspects of animal science and production. 

Acknowledging greatness

The SASAS Gold Medal was awarded to Prof Michiel Scholtz, affiliated professor in the department. “He was presented with this award for his honourable lifelong service to animal science. His scientific contributions and achievements have been recognised as exceptionally meritorious by both national and international animal scientists,” says Prof Frikkie Neser, Head of the Department of Animal Science.

Andries van der Merwe, a postgraduate student, received the SASAS Student Postgraduate Merit Award. According to Prof Neser, this is an annual national merit award to postgraduate students for exceptional academic achievement in Animal Science during undergraduate studies at any South African university.

Dr Sinobongo Mdyogolo, a PhD student of Prof Neser, was presented with the SASAS Bronze Medal in respect of her PhD achievements in the research and technology transfer categories. This is the highest honour a student can get after completion of their PhD degree.

During the SASAS congress, a total of 22 oral and poster contributions were delivered by staff and students from the Department of Animal Science.

A great networking opportunity 

Another highlight for the department was when three of its students – Carina le Roux, Ofhani Mavhungu, and Andries van der Merwe – participated in and won the SASAS national student quiz. Team UFS was one of 13 student teams from various tertiary institutions participating in the competition. The external panel of judges complemented the team on how they integrated theoretical principles in a practical and applied manner.

According to Dr De Witt, UFS Animal Science graduates compare very favourably with other students from tertiary institutions in South Africa. “Many of our students seek employment in the animal feed industry and they excel in their professional career development. It is clear that the curriculum updates of the past few years were successful in ensuring that students are able to integrate theoretical and practical concepts in an applied manner – a skill that is sought after in the industry,” he says. 

He also believes that an event such as the SASAS congress is an ideal network opportunity where students can get exposure to congress presentations, while having the opportunity to meet potential employers and/or sponsors.

“The SASAS congress creates a platform for students to measure themselves in terms of scientific development and career preparedness by interacting directly with other students from different tertiary institutions as well as industry members. Exposure to events such as this furthermore prepares them for their professional registration with the South African Council for Natural Scientific Professions (SACNASP),” adds Dr De Witt. 

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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