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

whelan2

Greengrass1 wrote: »

Or the cows must be awful small

must be jersey's

Timmaay

whelan2 wrote: »

must be jersey's

The day I arrived up with the calved down JEx heifers I was expecting my dad to ask what the hell are these weanlings doing in the parlour lol.

whelan2

had reason to go to bank of ireland today, while waiting I read a poster which says loan approval over the phone up to 100k-seemed to be aimed at farmers-, is this true?

Dawggone

whelan2 wrote: »

had reason to go to bank of ireland today, while waiting I read a poster which says loan approval over the phone up to 100k-seemed to be aimed at farmers-, is this true?

Not a bother Whelan. Just bring the deeds and pay a huge interest rate...!

Buford T. Justice XIX

whelan2 wrote: »

had reason to go to bank of ireland today, while waiting I read a poster which says loan approval over the phone up to 100k-seemed to be aimed at farmers-, is this true?

I was at a BOI presentation last week and iirc, that applies to farmers banking with them already with the security in place.

With the need to pay two solicitors to move banks, it generally takes a few weeks to get that paperwork done.

whelan2

Buford T. Justice V wrote: »

I was at a BOI presentation last week and iirc, that applies to farmers banking with them already with the security in place.

With the need to pay two solicitors to move banks, it generally takes a few weeks to get that paperwork done.

ah, i'll stay were i am for a while , was amazed the volume of customers coming in and using the atm lodgement machines, in ulster bank we still go to the counter

Greengrass1

Buford T. Justice V wrote: »

I was at a BOI presentation last week and iirc, that applies to farmers banking with them already with the security in place.

With the need to pay two solicitors to move banks, it generally takes a few weeks to get that paperwork done.

How do you find boi. Looking for a deal with them and ulster atm

Timmaay

Dawggone wrote: »

Not a bother Whelan. Just bring the deeds and pay a huge interest rate...!

5.7%!

jaymla627

Greengrass1 wrote: »

How do you find boi. Looking for a deal with them and ulster atm

stay well clear of ulster bank their agri division is a joke, wouldnt be so sure they'll even be operating in Ireland in a couple of years with rbs been sold of by the British government

Greengrass1

jaymla627 wrote: »

stay well clear of ulster bank their agri division is a joke, wouldnt be so sure they'll even be operating in Ireland in a couple of years with rbs been sold of by the British government

With them atm 3 accounts with them no loans though. Mortgage with a firm who no longer operate in ireland

mahoney_j

whelan2 wrote: »

had reason to go to bank of ireland today, while waiting I read a poster which says loan approval over the phone up to 100k-seemed to be aimed at farmers-, is this true?

Yep got approval 2 weeks ago for 70 k .5.3% interest security already in place still haggling bout finer details .left it to accountant

mahoney_j

whelan2 wrote: »

had reason to go to bank of ireland today, while waiting I read a poster which says loan approval over the phone up to 100k-seemed to be aimed at farmers-, is this true?

Yep got approval 2 weeks ago for 70 k .5.3% interest security already in place still haggling bout finer details .left it to accountant

Buford T. Justice XIX

Greengrass1 wrote: »

How do you find boi. Looking for a deal with them and ulster atm

With AIB but will be looking at changing next year.

Tbh, BOI and Ulster can't be half as bad as AIB for me so i will be looking for a smallish loan next year to get a feel for them and try moving a bit later.

RightTurnClyde

Buford T. Justice V wrote: »

With AIB but will be looking at changing next year.

Tbh, BOI and Ulster can't be half as bad as AIB for me so i will be looking for a smallish loan next year to get a feel for them and try moving a bit later.

What was the issue with AIB. Have been with them now 4 years (from PTSB), finding them bang on.

awaywithyou

Buford T. Justice V wrote: »

With AIB but will be looking at changing next year.

Tbh, BOI and Ulster can't be half as bad as AIB for me so i will be looking for a smallish loan next year to get a feel for them and try moving a bit later.

with aib here.... and find them the finest..... so far!!!!

what irks you bout them?

Buford T. Justice XIX

RightTurnClyde wrote: »

What was the issue with AIB. Have been with them now 4 years (from PTSB), finding them bang on.

awaywithyou wrote: »

with aib here.... and find them the finest..... so far!!!!

what irks you bout them?

Started 14 years ago with a change of manager after getting approval for a farm development loan.

As soon as I went in to draw down the first tranche of the loan, I was told the interest rate agreed had gone up by a half percent and they would need shares as additional collateral. I had no option but agree as it would take months of discussions with another bank to look for approval. I managed to get it to a quarter percent but that was only the beginning.

It was the start of the celtic tiger and readymix went up by 50% in price over the 18 months the building was going on. I also had agreed if i was over budget that some of the shares would be released to finish the buildings to grant spec. I needed another 8K to finish but they refused to release the shares so I had to look for a bridging loan which i was given verbal approval for on the day.

So i went off and ordered some of the concrete and steel and stuff and went in to draw down and was told I wasn't approved!

Now I had half the money spent and no access to the rest needed and was locked up with TB as well so no money available to complete the buildings.

I sucked it up and left the grant go but I was damn cross.

Also numerous times when I went to draw money from my account, I got no funds available even though it was months till my OD had to be in credit. Apparently my OD had 'fell off' the system:rolleyes:

Fast forward 7 years and I needed more slurry storage and the FWMS was open so I applied and was granted permission so this time I went to my old manager and asked would I be able to work at his new bank and told him the story. In shock, he called his boss and I told the story again. His boss rang the ag manager who arranged a meeting.

I told the story again and was told that I was approved for the bridging loan but hadn't drawn it down! I quickly corrected him that I was refused the loan as why would I leave 25k down the drain to save 8k.

They were very red faced and approved the new loan and I was given a new manager who was supposed to stay 5 years minimum which I was happy with.

He was moved after 6 months:rolleyes:

I am averaging a new account manager every 11 months, even going through 3 in one week at one stage. I rang to make an appointment with one, another rang me to confirm she was my new manager and could I call on friday and when I arrived on friday another woman was in charge of my account:eek:

It's getting to the stage where if they ring and tell me my name, I check my wallet just to make sure.

Backing brave, my arse!

whelan2

jaymla627 wrote: »

stay well clear of ulster bank their agri division is a joke, wouldnt be so sure they'll even be operating in Ireland in a couple of years with rbs been sold of by the British government

have moved to 3 different branches of ulster bank over the years to go to a better ag manager, one guy had never heard of a keenan feeder. Another lad never returned my calls ever. As someone else said thery dont stay long in their position and anyone good is moved on quickly

frazzledhome

With AIB and BofI here. Main reason is never put two horses in the same stable.

Really good relationship with both. Bulk of business is with AIB. No business in local branch as its actually not necessary to visit there.

Our business is in their business centre, where ever that is. I've never been to that office and all meetings are held on farm and never without Ag manager.

Would be in monthly contact with Ag manager, either he calls or I call or would meet at another event. I think this contact is invaluable to our business and keeps him happy as we'd chat in general about how we're going and what problems I see down the track.

I think the key thing a bank wants is no surprises

Dawggone

frazzledhome wrote: »

With AIB and BofI here. Main reason is never put two horses in the same stable.

Really good relationship with both. Bulk of business is with AIB. No business in local branch as its actually not necessary to visit there.

Our business is in their business centre, where ever that is. I've never been to that office and all meetings are held on farm and never without Ag manager.

Would be in monthly contact with Ag manager, either he calls or I call or would meet at another event. I think this contact is invaluable to our business and keeps him happy as we'd chat in general about how we're going and what problems I see down the track.

I think the key thing a bank wants is no surprises

Perfect. Exactly the same with me all my life...

Plus it's vital to use two banks.

Dawggone

Buford T. Justice V wrote: »

Started 14 years ago with a change of manager after getting approval for a farm development loan.

As soon as I went in to draw down the first tranche of the loan, I was told the interest rate agreed had gone up by a half percent and they would need shares as additional collateral. I had no option but agree as it would take months of discussions with another bank to look for approval. I managed to get it to a quarter percent but that was only the beginning.

It was the start of the celtic tiger and readymix went up by 50% in price over the 18 months the building was going on. I also had agreed if i was over budget that some of the shares would be released to finish the buildings to grant spec. I needed another 8K to finish but they refused to release the shares so I had to look for a bridging loan which i was given verbal approval for on the day.

So i went off and ordered some of the concrete and steel and stuff and went in to draw down and was told I wasn't approved!

Now I had half the money spent and no access to the rest needed and was locked up with TB as well so no money available to complete the buildings.

I sucked it up and left the grant go but I was damn cross.

Also numerous times when I went to draw money from my account, I got no funds available even though it was months till my OD had to be in credit. Apparently my OD had 'fell off' the system:rolleyes:

Fast forward 7 years and I needed more slurry storage and the FWMS was open so I applied and was granted permission so this time I went to my old manager and asked would I be able to work at his new bank and told him the story. In shock, he called his boss and I told the story again. His boss rang the ag manager who arranged a meeting.

I told the story again and was told that I was approved for the bridging loan but hadn't drawn it down! I quickly corrected him that I was refused the loan as why would I leave 25k down the drain to save 8k.

They were very red faced and approved the new loan and I was given a new manager who was supposed to stay 5 years minimum which I was happy with.

He was moved after 6 months:rolleyes:

I am averaging a new account manager every 11 months, even going through 3 in one week at one stage. I rang to make an appointment with one, another rang me to confirm she was my new manager and could I call on friday and when I arrived on friday another woman was in charge of my account:eek:

It's getting to the stage where if they ring and tell me my name, I check my wallet just to make sure.

Backing brave, my arse!

Need to have two banks.
Also never waste time in their offices. They should come to you.

Buford T. Justice XIX

Dawggone wrote: »

Need to have two banks.
Also never waste time in their offices. They should come to you.

With BOI with a current account with 10 years for all SFP, DAs and other Dept payments. Will probably transfer the whole thing over in the next two years as soon as the second last loan is paid off next year and refinance the last one.

Tbh, i never, never, EVER want to see a bank manager come into my yard again. The behaviour of the lad that refused my bridging loan left a lot to be desired with what he did and said sitting at my table. There is lots more I could say about their behaviour but my blood pressure might not stand for it.

That's my experience of AIB, another bank mightn't be any better but they sure cannot be any worse.

As frazzled and Dawg say, don't limit yourself to just one bank. They have fcukall loyalty, neither should you.

whelan2

Buford T. Justice V wrote: »

With BOI with a current account with 10 years for all SFP, DAs and other Dept payments. Will probably transfer the whole thing over in the next two years as soon as the second last loan is paid off next year and refinance the last one.

Tbh, i never, never, EVER want to see a bank manager come into my yard again. The behaviour of the lad that refused my bridging loan left a lot to be desired with what he did and said sitting at my table. There is lots more I could say about their behaviour but my blood pressure might not stand for it.

That's my experience of AIB, another bank mightn't be any better but they sure cannot be any worse.

As frazzled and Dawg say, don't limit yourself to just one bank. They have fcukall loyalty, neither should you.

bank man was to call out here one day at 2, arranged for kids to be minded etc, no sign at 2.30 rang him and he said oh that meeting was cancelled did i not tell you:mad::mad::mad::mad::mad::mad::mad:

Buford T. Justice XIX

whelan2 wrote: »

bank man was to call out here one day at 2, arranged for kids to be minded etc, no sign at 2.30 rang him and he said oh that meeting was cancelled did i not tell you:mad::mad::mad::mad::mad::mad::mad:

I'd be so lucky for them to cancel:pac:

I must go out and start driving stakes for a few hours and make use of my increased blood pressure...

Timmaay

Scanned the heifers and rest of the cows today. Didn't go well! Anyways after updating ICBF with both days of scanning, 37 feb calvers, 19 March, 20 April, and 20 either empty or too soon to tell. 9 of them 20 empties are pushing on and I'll cull them definitely, don't know what the fcuk to do with the rest, 6 are 1st lactation and 4 2nd lactation, one heifer also, but she was too small in fairness. Afew cows incalf that I really need to cull also, 2bh I'll end up with a cull rate of 25 or 30% this year at least.

freedominacup

Timmaay wrote: »

Scanned the heifers and rest of the cows today. Didn't go well! Anyways after updating ICBF with both days of scanning, 37 feb calvers, 19 March, 20 April, and 20 either empty or too soon to tell. 9 of them 20 empties are pushing on and I'll cull them definitely, don't know what the fcuk to do with the rest, 6 are 1st lactation and 4 2nd lactation, one heifer also, but she was too small in fairness. Afew cows incalf that I really need to cull also, 2bh I'll end up with a cull rate of 25 or 30% this year at least.

From your posts this summer you seem to have plenty of feed and afair you have no real shortage of housing. Dry them as soon as they start to slacken off yield wise. Horse as much good forage as you have available into them with a small amount of meal and have them fit or close to it by early January. Even when price was a good bit lower a few months ago 10 well finished culls would buy you 8 good quality heifers. There are plenty of good guys producing top quality heifers year in and year out. It's part of their business and all they have is their name so vaccination all up to date, general health status excellent, good records and above all reasonable returns policy if there are any problems.

Greengrass1

freedominacup wrote: »

From your posts this summer you seem to have plenty of feed and afair you have no real shortage of housing. Dry them as soon as they start to slacken off yield wise. Horse as much good forage as you have available into them with a small amount of meal and have them fit or close to it by early January. Even when price was a good bit lower a few months ago 10 well finished culls would buy you 8 good quality heifers. There are plenty of good guys producing top quality heifers year in and year out. It's part of their business and all they have is their name so vaccination all up to date, general health status excellent, good records and above all reasonable returns policy if there are any problems.

+1 I agree. You will definitely pick up good stock this spring tim. Don't waste any more time on them

Timmaay

Agreed Freedom about buying in, I'm sorta worried about the lack of progress to compact spring calving here 2bh. I threw everything at breeding this season, maize to help cow condition, alot more time spend on heat detection, using coils, estrumate, and 2bh have ended up with a big AI bill, probably a worn out bull who has had to do way too much work with repeats ha, and plenty of empties still. Also I'm going to have a fun argument with my dad who will no way agree to culling young cows as such ha.

Greengrass1

Timmaay wrote: »

Agreed Freedom about buying in, I'm sorta worried about the lack of progress to compact spring calving here 2bh. I threw everything at breeding this season, maize to help cow condition, alot more time spend on heat detection, using coils, estrumate, and 2bh have ended up with a big AI bill, probably a worn out bull who has had to do way too much work with repeats ha, and plenty of empties still. Also I'm going to have a fun argument with my dad who will no way agree to culling young cows as such ha.

Very frustrating tim. Been a walk in the park here in comparison considering we were at a very similar stage in the way our herds were. Your putting in a lot of effort only thing it can be is breeding in the cows imo - no offence to anyone

whelan2

Timmaay wrote: »

Agreed Freedom about buying in, I'm sorta worried about the lack of progress to compact spring calving here 2bh. I threw everything at breeding this season, maize to help cow condition, alot more time spend on heat detection, using coils, estrumate, and 2bh have ended up with a big AI bill, probably a worn out bull who has had to do way too much work with repeats ha, and plenty of empties still. Also I'm going to have a fun argument with my dad who will no way agree to culling young cows as such ha.

had a big ai bill here too- spread it over 4 months- bull was very busy when he went into cows, he is out 4 weeks now, I ai'd 5 cows since he went out with kya. Will scan in afew weeks, scanned the heifers a few weeks ago and that went well- they had been with aa bull, is your bull still with the cows? Some of the empties could still be in calf

whelan2

put 3 cows in calving paddock today, first one was served to yad on 30/11 only dry 27 days. Say she will calve in the next day or 2