Dairy Chit Chat- Please read Mod note in post #1

Buford T. Justice XIX

Greengrass1 wrote: »

One thing the agri advisor from BOI said waa he has a few farmers now. Doing a budget at the start if the yr, they work out what they will spend for the yr and get a loan for it at start if the yr. Be it 100k or what ever. And then pay it off each month.

Anyone doing that?

AIB have a similar product but I'd say neither are well advertised. AIBs is over 11 months payments.

It's a product I'd be interested in in 2-3 years time, very handy to sort out a lot of cash flow for the year and get a good price from merchants.

mahoney_j

stanflt wrote: »

Did soil samples today myself- 35 in total and was wondering if I was just wasting money

Only for my dero plan required it I'd of left it ,results should make interesting reading ,small fortune spent on lime ,p and k and reseeding over last 5 years .fields are green though and don't look hungry

Greengrass1

pedigree 6 wrote: »

I'm after getting 5 text messages just now from teagasc to go to some calf rearing thing. I hope there'll be plenty of sandwiches.:p
(Paid for by teagasc that is).

Glanbia is going to have us all tea'd up I'm told

mahoney_j

Buford T. Justice V wrote: »

AIB have a similar product but I'd say neither are well advertised. AIBs is over 11 months payments.

It's a product I'd be interested in in 2-3 years time, very handy to sort out a lot of cash flow for the year and get a good price from merchants.

Basically it's a beef mans ewuivelant of a stocking loan

Greengrass1

Filling in '15s PM here last few days.
Looked at 2013s one.
280k litres supplied. Will be over double that supplied by end of '16.
Brought in a small bit more in '15 than '14 and supplied 100k litres more.

Be in some hole if we didn't have that extra output

pedigree 6

Greengrass1 wrote: »

Glanbia is going to have us all tea'd up I'm told

I hope it's better than their tea in the ploughing.

Buford T. Justice XIX

mahoney_j wrote: »

Basically it's a beef mans ewuivelant of a stocking loan

Yeah but the interest rate charged is quite good iirc.

I'm due to get a call from my bank man next week so I'm sure that will be mentioned by him, along with a pension plan, insurance, income protection etc etc.

I'll nearly be convinced they love me again:rolleyes:

kevthegaff

Buford T. Justice V wrote: »

Yeah but the interest rate charged is quite good iirc.

I'm due to get a call from my bank man next week so I'm sure that will be mentioned by him, along with a pension plan, insurance, income protection etc etc.

I'll nearly be convinced they love me again:rolleyes:

add life assurance, would that loan affect if land came up for sale approaching the bank. Even overdraft is added when applying

kowtow

Run a mile from that man he wants only to sell loans against easy security.

He should be advising clients to match loan maturity closer to asset life.

If he didn't have land to put a charge on it would align his interests with the farmers.. and with the asset in question.

Edit: I see that he's talking about a credit line. Still bad banking, a stocking loan without stock.

kowtow

stanflt wrote:

Did soil samples today myself- 35 in total and was wondering if I was just wasting money

Thinking of doing mine straight from the tap in the kitchen, save getting the quad out.

Deepsouthwest

Greengrass1 wrote: »

One thing the agri advisor from BOI said waa he has a few farmers now. Doing a budget at the start if the yr, they work out what they will spend for the yr and get a loan for it at start if the yr. Be it 100k or what ever. And then pay it off each month.

Anyone doing that?

Let it be 100k, what would it cost when u have it paid off in December?

whelan2

Deepsouthwest wrote: »

Let it be 100k, what would it cost when u have it paid off in December?

guts of 10k a month

trixi2011

Did your ecoli cow get any better wealan ?

whelan2

trixi2011 wrote: »

Did your ecoli cow get any better wealan ?

had her back in parlour this evening for first time, hopefully she's turned the corner

trixi2011

whelan2 wrote: »

had her back in parlour this evening for first time, hopefully she's turned the corner

If shes making the parlour she will pull through

Dawggone

kowtow wrote: »

He should be advising clients to match loan maturity closer to asset life.

.

+1.




On the credit line...it's a much better option to farmers addiction/dependance on merchant credit.

Deepsouthwest

whelan2 wrote: »

guts of 10k a month

€120 to pay back €100 surely not

whelan2

Deepsouthwest wrote: »

€120 to pay back €100 surely not

Would it be set up quickly, like would you get 12 repayments in this year?

Deepsouthwest

whelan2 wrote: »

Would it be set up quickly, like would you get 12 repayments in this year?

I have no idea, I'm hoping someone else will fill them me how this works

whelan2

Deepsouthwest wrote: »

I have no idea, I'm hoping someone else will fill them me how this works

not a bank of ireland customer but i took out a glanbia loan with them for alot lesws than 100k, took at least a month to set up and I get calls about once a month wanting to know do i need anymore

Greengrass1

Deepsouthwest wrote: »

I have no idea, I'm hoping someone else will fill them me how this works

I had the question ready to ask about the idea behind it but advisor called a halt as it was 10 minutes past 1.

If it was gotten at 4% it'd be cheap money, you'd get things slot cheaper if you were to buy the yrs supply in one day

mf240

Greengrass1 wrote: »

I had the question ready to ask about the idea behind it but advisor called a halt as it was 10 minutes past 1.

If it was gotten at 4% it'd be cheap money, you'd get things slot cheaper if you were to buy the yrs supply in one day

You might and then again you might not.

The couple of merchants i deal with usually throw off the interest when paying.

I reckon fert will fall as year goes on ( now i could be miles out )

Are you confident that you can save over 4% buy buying it all up front. And is there any danger you will end up spreading an extra pallet of fert of feeding a couple of ton " cos its in the yard and paid for"

When im sitting in the bank i always feel a bit like a cow , looking out through a headgate at a farmer shaking a bucket of nuts.

kowtow

mf240 wrote:

When im sitting in the bank i always feel a bit like a cow , looking out through a headgate at a farmer shaking a bucket of nuts.

While the bloke beside him slips a long glove on.

Deepsouthwest

mf240 wrote: »

You might and then again you might not.

The couple of merchants i deal with usually throw off the interest when paying.

I reckon fert will fall as year goes on ( now i could be miles out )

Are you confident that you can save over 4% buy buying it all up front. And is there any danger you will end up spreading an extra pallet of fert of feeding a couple of ton " cos its in the yard and paid for"

When im sitting in the bank i always feel a bit like a cow , looking out through a headgate at a farmer shaking a bucket of nuts.

I could be completely wrong, but I can never understand why a lot of people are always talking about borrowing money to do every last little thing on the farm. If u can't have enough money to buy a bit of fert and feed to tie u over the first few months of the yr until the milk chqs start flowing again then I don't know what to say.

Dawggone

Greengrass1 wrote: »

If it was gotten at 4% it'd be cheap money, /quote]

4%.
With or without lube??


Should be way less than half that Gg.
I'd tell them where to put that money...

Deepsouthwest

Any take home messages from the grasslands conference today?

frazzledhome

Deepsouthwest wrote: »

Any take home messages from the grasslands conference today?

I posted a few on Grass measuring. Worthwhile day out

Greengrass1

http://www.irishexaminer.com/ireland/video-tipperary-teen-finds-method-of-spotting-mastitis-infection-in-milking-parlour-374765.html

Do you not have something like that in your parlour mj?

Mehaffey1

Greengrass1 wrote: »

http://www.irishexaminer.com/ireland/video-tipperary-teen-finds-method-of-spotting-mastitis-infection-in-milking-parlour-374765.html

Do you not have something like that in your parlour mj?

Thought a good few parlours would have these. Common to see 50 to 80 bail rotarys here with the testers on every second bail just no way to withold the milk

mahoney_j

Greengrass1 wrote: »

http://www.irishexaminer.com/ireland/video-tipperary-teen-finds-method-of-spotting-mastitis-infection-in-milking-parlour-374765.html

Do you not have something like that in your parlour mj?

Yep ,great job picks up mastitis a day to day and a half before clots ,can give high reading if showing strong heats but cmt test will negate that .