Welcome back to earth. That will soften those 20-30k/ acres land prices and 500/acre rental prices.
Have we floored now after two drops totalling ~12c? I see people suggesting a summer recovery?
It's back 20% so giving 400/ac for land now is like giving 500/ac in Feb.
The non farmer buyers will have it to themselves so.
At least one more cut comming ….all boards and coops talking about 40 cent …..don’t mean we should take it as given and accept it
I had to smile at jack Kennedy's podcast during the week. He was giving out to Adam woods and the beef guys about being bitter. He's on fire on the podcasts of late.
Not floored yet unfortunately 😕
GDT dropped again.
High prices cure high prices
Any one have a guess at milk price for summer months ??
Well the last two Kerry fixed price contracts were 35 and 36 cents. I would imagine that is their target.
Concept dairy had futures at 42c for June from as far back as National Dairy Show.
Na the beef man might get a peek inside the gate
Be nice to see any man farming get it.
What about the lad that took ground for 10 yrs at 780 an acre 😁
Don't be worrying about him
It would want to drop a good bit for that to happen
didn't hear about that .Just goes to show you the profit that was in milk
38/40
….hopefully 40 or above
Also shows there plenty in business with faulty calculators!!
I heard it was 800, i added another bit to it telling the next lad, its gone to 880 now.
I'm sure he had professional advice before he made the decisiono
600 an acre down here last month. It's not faulty calculators it's greed. Get rid of all the small guys and have ranch type farms.. Control the coops to get the last cent. Cut every one to the last cent. The sad part is that they will succeed.
When I took over the farm every one had 4 or 5 sows. Economy of scale finished those.
Balls I hadn't seen that yet 😬
Always
This is a sound and solid piece of advice. But the only problem with the fellas paying big money is that it creates a perception that its the value of land now not the the exception.
Thems the ones who really f the job up usually
He will be getting plenty of professional advice in short if he is depending on milk to pay that lease and all the other bills. It will be interesting to see how it all plays out, the base price to rent land seems to have settled at least 50 percent ahead of where it was 2 years ago, wouldn't be so sure base price for milk will settle as high.
Not to mention all the other things that have gone up unlikely to ever get cheaper, labour, veterinary, electricity, insurance,machinery,concrete,steel, stone, accountant, detergents, parlour consumables, I could go on and on..and the big one, personal drawings have had to go up because of household expenses also skyrocketing.
Never seen as much land for lease in the local papers and by all accounts 400-700 being achieved on everything. Be 3 or 4 massive farms to a parish in short I'd say
Interesting where are you based nothing available around here
South East, I'd say a lot that were hanging on for suckler exit scheme and waiting to see what would happen with cap payments have decided the money on offer to lease is too good to turn down.
