ifa cash reserve

kerry cow

I am not in to any organisation. But was just wondering what the ifa is worth and what do they do or plan to use all this spare cash for ?

rangler1

kerry cow wrote: »

I am not in to any organisation. But was just wondering what the ifa is worth and what do they do or plan to use all this spare cash for ?

FBD shares falling have decimated their worth, I'd say about €10 -12 m at the moment,
It costs that to run it for a year and with the income falling it won't last long

kerry cow

Are you serious 10 to 12 mill .ifa is profitable I presume , with telecom ,etc , is it fbd that is the problem , always though insurance was profitable ,quinns were reported to make a mill a day profit . Fbd are like bookies , and most times bookie don't lose , where's the problem then , is there a hole in the bucket ?

rangler1

kerry cow wrote: »

Are you serious 10 to 12 mill .ifa is profitable I presume , with telecom ,etc , is it fbd that is the problem , always though insurance was profitable ,quinns were reported to make a mill a day profit . Fbd are like bookies , and most times bookie don't lose , where's the problem then , is there a hole in the bucket ?

all insurance companies are under pressure, that's why premiums are rising, FBD have lost a fortune on a few bad decisions

adne

rangler1 wrote: »

FBD shares falling have decimated their worth, I'd say about €10 -12 m at the moment,
It costs that to run it for a year and with the income falling it won't last long

Any wonder it costs that a yr to run considering the renumeration they pay and the pensions..

rangler1

adne wrote: »

Any wonder it costs that a yr to run considering the renumeration they pay and the pensions..

Be interesting to see what they have to offer now to get a general sec, only a fool would touch the job now.

Bullocks

We haven't had an IFA thread in awhile , I was just thinking this place was fierce dull lately !

rangler1

Bullocks wrote: »

We haven't had an IFA thread in awhile , I was just thinking this place was fierce dull lately !

and you won't have one now either, had a farmer on yesterday with a problem......nice to be able to plead ignorance and give him the local IFA office no.
Dairy threads are the new entertainment on boards

kerry cow

What bugs me is that back when ifa was rolling in cash and all was hunkie Dorie that they sat on the fence regarding the setting up of these trial farms like the greenfield and derry Patrick and allowed vested interested like glanbia , aib with the special interest rate that you or I won't be getting , teagasc , farmers journal and all manufactures suppling there products for advertising at discount prices .
Do you really think that the green field would be allowed fail . If it did where would that leave joe soap ? The bank want your money , the Co op wants your cheap milk , teagasc wants it all and your money , what kind of a message would that send out if it failed , yet we all know what the day to day reality on our farms are . We are the ones doing it 24/7 and meeting our commitments .
Warning to all ye who dare to venture , to the green grass far away !!

rangler1

kerry cow wrote: »

What bugs me is that back when ifa was rolling in cash and all was hunkie Dorie that they sat on the fence regarding the setting up of these trial farms like the greenfield and derry Patrick and allowed vested interested like glanbia , aib with the special interest rate that you or I won't be getting , teagasc , farmers journal and all manufactures suppling there products for advertising at discount prices .
Do you really think that the green field would be allowed fail . If it did where would that leave joe soap ? The bank want your money , the Co op wants your cheap milk , teagasc wants it all and your money , what kind of a message would that send out if it failed , yet we all know what the day to day reality on our farms are . We are the ones doing it 24/7 and meeting our commitments .
Warning to all ye who dare to venture , to the green grass far away !!

Why would any organisation bother to obstruct demo farms, give farmers some credibility, they're not going to try something that won't work on their own farm, the figures are there, apply them them to your farm with your input costs, interest rate etc and if you can't be bothered, ignore it , as you say it's been paid for by someone else. Plenty to learn in every farm walk/
Incidentally, are you suggesting ifa invest in those farms......be some whingeing then as bad as FBD is, at least even still the investment is worth more than what was invested

kerry cow

Why not ifa set up these beef and dairy sites with our farmers money and for once let there be no vested interest . If it makes money great if it falls flat on it face then brilliant , because then it would have been the best money spent . People have to relies that a project to fail, is a favour shown to the rest . I don't wish any thing or body to fail but I think as a farmer who has invested and worked hard all my life deserves to go see and view figures independently ,without vested interested . I have expressed this with many farmers and all would agree . I am just trying to make the point, like all that goes on in this country there is always a finger in the pie . Simply, why can't we as farmers do something for ourselves ?
sometimes you can feel used been a primary producer .

rangler1

kerry cow wrote: »

Why not ifa set up these beef and dairy sites with our farmers money and for once let there be no vested interest . If it makes money great if it falls flat on it face then brilliant , because then it would have been the best money spent . People have to relies that a project to fail, is a favour shown to the rest . I don't wish any thing or body to fail but I think as a farmer who has invested and worked hard all my life deserves to go see and view figures independently ,without vested interested . I have expressed this with many farmers and all would agree . I am just trying to make the point, like all that goes on in this country there is always a finger in the pie . Simply, why can't we as farmers do something for ourselves ?
sometimes you can feel used been a primary producer .

There we differ, I don't see anything wrong with outside investment in those trials, as i say, we're well capable of picking the information that suits from these trials

kerry cow

Totally agree that we should use data and apply what we feel is relevant to our situation .but why do these outside interest contribute to the fund . Are you saying they have no vested interest in a positive spin and are doing it for the good of agriculture and are farmers not paying for this anyhow . Let's do it independently . Until it's done totally independent of any vested interest in my opinion it's flawed . Even if you look around your local farms , they all farm differently . Some make money some don't .The one that dont , get along fine . The top up comes from somewhere to balance the book .All looks rose y and they continue all their life farming and no one know their business and they give this image all is great .
Farmers sell there cattle at the factory , milk to processor , and take what you get .
I ask you the question , How would the meat and milk processor feel if the farmer employed the guy who tests the content of the milk and the weight and grade of the carcass and in turn invoice them for the delivery ?.
And have you a vested interest off farm making a living from the farmer ?

rangler1

kerry cow wrote: »

Totally agree that we should use data and apply what we feel is relevant to our situation .but why do these outside interest contribute to the fund . Are you saying they have no vested interest in a positive spin and are doing it for the good of agriculture and are farmers not paying for this anyhow . Let's do it independently . Until it's done totally independent of any vested interest in my opinion it's flawed . Even if you look around your local farms , they all farm differently . Some make money some don't .The one that dont , get along fine . The top up comes from somewhere to balance the book .All looks rose y and they continue all their life farming and no one know their business and they give this image all is great .
Farmers sell there cattle at the factory , milk to processor , and take what you get .
I ask you the question , How would the meat and milk processor feel if the farmer employed the guy who tests the content of the milk and the weight and grade of the carcass and in turn invoice them for the delivery ?.
And have you a vested interest off farm making a living from the farmer ?

Have other interests alright, but nothing to do with farming /agriculture TG.
Factories, creameries are our customers and they set the conditions the same way you'd set the conditions if you were buying a tractor, car, etc alll we can do is try to harass them into treating us right,

browned

kerry cow wrote: »

What bugs me is that back when ifa was rolling in cash and all was hunkie Dorie that they sat on the fence regarding the setting up of these trial farms like the greenfield and derry Patrick and allowed vested interested like glanbia , aib with the special interest rate that you or I won't be getting , teagasc , farmers journal and all manufactures suppling there products for advertising at discount prices .
Do you really think that the green field would be allowed fail . If it did where would that leave joe soap ? The bank want your money , the Co op wants your cheap milk , teagasc wants it all and your money , what kind of a message would that send out if it failed , yet we all know what the day to day reality on our farms are . We are the ones doing it 24/7 and meeting our commitments .
Warning to all ye who dare to venture , to the green grass far away !!

Wouldn't ifa themselves be a vested interest if they set up one of these farms. If the farm fails wouldn't we have a thread on here saying the ifa wanted the farm to fail so they made it happen.

Amnt to familar with the derrypatrick herd but I've never heard of these special interest rates that greenfields is getting, I've heard they're interest of 4.5% which I would have said was standard. if they're getting anything from aib/ifj/glanbia it's probably funding towards open-days and research publication but I've no problem with that as these costs aren't standard costs on commercial farms.

Greenfield's in particular are as open as you'll get with regards information of financials and day to day running of their farm, too honest if anything as its the subject of widespread criticism when things go wrong.