Most people don't care here. It's only really dairy farmers that do.
Cost in votes unlikely to be much even in worst case scenario.
No such thing as a soft landing,it always had to happen just as night follow s day
Ah well, that's farming.... It was nice to get paid a fair price last year.
Current forecasted price for new zealand dairy farmers is 26 cent for the new season, still feeding the s**t out of the cows here, noting to do with trying to get extra liters out of them, I reckon 40-50 will need to be sent to Larry come Xmas time to help balance the books
And mart price for cull cows in marts has nose dived last few weeks 🥲🥲
Ya, cattle prices falling too. I guess all these interest rate hikes had to tell at some stage. Recessions are starting to bite.
I've no doubt that pen of beef calves I kept this year will come in handy next spring.
Balls 😕👀👀
The milk flex loans are getting out of hand with them linked to ecb rates have a loan here on drawdown of 70k intrest payment monthly was 210 euro, it's down to 40k now principal owed and the latest monthly intrest repayment was 240, hard to see how people with tracker mortgages will keep repayments up going forward
Your logic is flawed. Those beef calves you kept are only costing you money. The bills they will pay off next spring will be to pay for what they have eaten. Similar to chasing marginal litres in a bad year doesn't pay. When prices are bad the trick is to cut expenditure to the bone. Get rid of poor performing cows.
Ya definitely things are still out of whack alright mj. Got some eye opener re electric prices the other day. I was being fleeced.
It's very disappointing that yet again the farmers are getting shafted on there product ......a lot of lads have gone in deep on rentals and stuff off the back of the last couple of years.......
I don't agree. Most of my expenditure went into them before a month old. At that stage they were worth 20 or 30 euro in the mart. They might make 7 or 8 hundred in the spring time. Can't lose with them. Handy for cash flow at least.
Of the 3 TDs in west Cork only 1 will turn up as he usually does to these events. Of the others 1 wants derogation gone and the other couldn't careless
Ball of money but no profit
If there was money in it everyone would be at it. Calves out the gate here as soon as customer can take them. First loss is best loss when the glut of calves is there imo
That's farming. I don't have to milk them twice a day anyway.
Alot of people dump culls and calves due to nitrates and making space for extra cows. Plenty cute hoors in the mart to pick up the bargains and live off the dairy farmers back. Sure it isn't all just about the money anyway. If that was the case there wouldn't be many at it.
Mines gone bananas
Was surprised until I went looking at my milk flex and rate I’m paying ….I’ve about 70 k. Outstanding and I’m going refinancing it with much better rates thru bank of Ireland …..just finished my third and final high flex trigger which added 25% into payments …even with that gone the interest payments are considerably higher than last year
I have a buy to let on a tracker. Repayments gone from 1059 to 1583 or something like that. Hard to keep track of the increases. It's alot of money out of people's pockets every month on top of all the other increases.
Your tracker is still priceless tho
Yerra, happy enough to ride it out. Was winning big time for years with it. Alot of the interest is tax deductible anyway.
Big increase in alot of household expenditures though.
What rates are you getting of boi, was 6.25% secured two months ago when I enquired about refinancing it, was nearer 7% unsecured it’s still under the current 7.25% milk flex is at and that will probably get up past 9% I’d say
Mortgage rate increases are only part of the picture, the household shop here used to be circa 220 a week for a 5 person household, it’s averaging 320 a week now the past 6 months, electricity on top it is probably up 2k plus a year in most households from 2020 levels
Will know more next week not sure if it’s a brexit impact loan or a boi version of milk flex but I know the rate mentioned on initial conversation was just under 5% …..I have security in place from a previous loan that was cleared 3 months ago ….gloss quickly going off milk flex …..fairly crippling now if you were in high flex trigger due to milk base and high interest
In case it’s of any use, the Credit Union agri loan is 6.7% at the moment and max loan is €75k and they’re stating 6.17% for a secured loan on the website but don’t know if that’s only up to €50k
https://www.cairdecu.ie/
The issue is where your milk volume is. The higher volume cow is now 110 kgs organic N compared to 85 two years ago. These same lads were always in derogation.
At 220 next year they are at sub 2cows/ HA with the supposition that calves may have to be held to six weeks it's a sharp blow over 3-4 years.
In reality it's a 33%reduction.
Jayus you will all be bankrupt. The dairy experts here were telling me that costs were 35-40+/L. I will wait with bated breath.
There is only profit in beef for one person. That means you have to carry to slaughter. In between there are too many middle men to be paid.
I would not entirely agree Mahoney. It's all depends on where your nitrates are. At or below 170-190 on substantial acreage ''if'' you carry to slaughter it has a low labour input. Ideally you hold traditional bred heifers and bullocks and slaughter directly off grass at 20-22 months.
As well it works well on split holdings which are well set up.
If you sell as stores at the lower end of the market I am there
Do you know Jaymla I never knew the price of our household shop was. Mind you I bought a lot of it. I was on the road and I generally brought the milk and other odds and ends we were or not short off. I would invariably call to a supermarket 1-2 times a week to pick stuff up. Generally I bought the spuds as well. When the lads were younger I used to have half a heifer and a couple of lambs in the freezer.
At one time I knew the cheapest place in Limerick for Pampers nappies
Atm aldi cheapest for our weekly shop. Used to be lidl. Main thing is to get enough so you don't have to top up during the week in smaller shops
Maybe this should be split off into a cost-of-living thread 😀
There 2 adults, a teenager, and 2 young lads in our house and Herself tells me we’re spending around €300/week on food and other household stuff, like washing powder, soap, etc. I might duck in to Centra in the village for milk and bread here and there during the week. Probably another €20-ish. And I’ve made a point of buying something (usually beef!) from the local butcher every week too, so another €20-30.
It adds up fairly fast.
Local shop tells me he's cheaper than lidl for 2 litres of milk at 2 10. It's strathroy milk
