Milk Price III

price will rise later in the year and this time next year it could be 60c/l… follow a page on facebook called US Farm Report.. there are savage issues in the great plains of the US with drought… august 25-april 26 longest drought in 130yrs.. the crops there look sad… and there is a massive shortage of replacement dairy stock…. and then the costs of keeping cows is prob 45c/l or thereabouts… only a matter of time before we see things going in the right direction…

Wishful thinking re america reducing supply, we are in the ha'penny place re cost of production, a side effect of the drought will be a further shrinking of their beef herd and dairy calf prices will probably hit 2k..

Drive on, under no circumstances take a bit of heed of the lads trying to second guess you. They have absolutely no idea what's right for you or your family.

We did a big development in the yard 10 years ago, a lad who was Friendly with the old fella came in looking at it. Told me it was too much money and I was wasting my time milking cows there was nothing at it. He was probably 40 years milking cows at that stage and yet hadn't one useful bit of advice for me.

The amount of moaning about milk price would make you think we were back in the 1980s. A lot of lads have forgotten what a real downturn looks like. We’ve had four of the last five years at exceptionally strong prices, land values at record levels, yards full of new machinery, and farmers bidding €20k+ an acre without blinking.

Now milk comes back a few cent and suddenly it’s the end of the world. If your system only works at peak milk prices, then maybe the problem isn’t the milk price, its you. Lads seemed to have convinced themselves that the prices of the last few years were normal, building a business on that was not a good idea. Head down, arse up, family farm, keep the system efficient and be ready to take opportunities when others are panicking. That's how the money is made.

Family farm bit is gas aka "free/slave labour", how do you combat runaway inflation of almost every service and commodity thats coming inside the gate?

35 cent base price present day probably translates to a 23-25 cent base price in 2016, farm insurance here is a great example was circa 3k a year up to 2019, now its 9k a year, and thats just a tiny snap-shot of runaway input inflation, machinery since you brought it up, i bought a 2015 case puma 160 2300 hours, a 2.5 ton bogballe spreader, new 2500 gallon hi-spec tank, and a new 10ft front mower for a combined total of 110k early 2020, to do the above today, your talking 190k plus, so nearly a doubling in machinery prices in 5 years

things are gone wreckless since Covid but shure if lads are forking out for the machinery at present prices why would manufacturers drop the prices… Supply and demand..

i do think the milk price will rise but it will be next year before we see it…

A pallet of can was 100 pounds in the early 80s.

Our family when I was growing up would run an 50 pounds a week. We were all in the back of a golf VAN, 5 of us. I remember my father saying, 3 pig checks and the milk from June and july bought it. And he had about 20 cows and 6 sows.

There's a story book in everyone.

A relation wrote a short article for a newspaper in which they gave their childhood in the 80's on a dairy farm in Wexford. She was telling it nearly like they were paupers. And how she the parents brought her to a bone setter with a joint out. She compared herself to a farm animal like what was also brought to the bone setter. She went on with more then. Some relations thought it funny. Others thought it letting her parents down. And she writing far away in Belfast like she was mocking her childhood and a separate country.

we were all set to invest heavily in the future but the reality of roi was too small for working 7 days a week

non farming related

if there was one share I would buy in the next few weeks when a pdo is happening it would be starlink

didn’t know that- very hard to get the shares tbh - currently worth 150 dollars each

Hiding the check book and jumping over the ditch when you see a car coming in to the yard, is the only way you could be low cost this year.