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Milk Price- Please read Mod note in post #1

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Comments

  • #3302
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    http://www.agriland.ie/farming-news/luke-ming-flanagan-is-the-dairy-crisis-coveneys-property-crash
    He makes some good points here


  • #3303
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Greengrass1 wrote: »
    http://www.agriland.ie/farming-news/luke-ming-flanagan-is-the-dairy-crisis-coveneys-property-crash
    He makes some good points here

    He's absolutely right on the facts, but it will all be lost in the politics. Actually the very fact that Coveney (or any politician) declares a bull market in a commodity is a pretty good reason to run a mile.

    Whilst a good few people have made big money following private advice from a politician, very few have prospered by following their public pronouncements.


  • #3304
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    kowtow wrote: »
    He's absolutely right on the facts, but it will all be lost in the politics. Actually the very fact that Coveney (or any politician) declares a bull market in a commodity is a pretty good reason to run a mile.

    Whilst a good few people have made big money following private advice from a politician, very few have prospered by following their public pronouncements.

    +1. Wise words!

    To quote yourself "My oh my, how the Irish love a good bubble".


  • #3305
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    Greengrass1 wrote: »
    http://www.agriland.ie/farming-news/luke-ming-flanagan-is-the-dairy-crisis-coveneys-property-crash
    He makes some good points here

    I could never take ming too seriously since dftg.


  • #3306
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Dawggone wrote: »
    +1. Wise words!

    To quote yourself "My oh my, how the Irish love a good bubble".

    Every price move in every market is caused by an imbalance of fear and greed - I sometimes wonder whether we have a genetic surfeit of both!


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  • #3307
    stretch film
    Registered Users, Registered Users 2 Posts: 1,067 ✭✭✭stretch film


    freedominacup wrote: »
    I could never take ming too seriously since dftg.

    Agree , he was neither cool nor funny.


  • #3308
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    freedominacup wrote: »
    I could never take ming too seriously since dftg.
    I stopped reading at Ming.


  • #3309
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Greengrass1 wrote: »
    http://www.agriland.ie/farming-news/luke-ming-flanagan-is-the-dairy-crisis-coveneys-property-crash
    He makes some good points here

    Coveney - politician therefore only interested in reelection.
    Ming - ditto
    Journalist - jumping on any running story

    There will be casualties but equally there'll be success'. This price position was well flagged 12 mths ago. Nobody is losing money at farm level yet but I can see cash being burned for the first half of next year.

    As I said before what are ye doing about it?

    If we're in a bubble, isn't selling out now the prudent ting to do? Why not do it?


  • #3310
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    frazzledhome wrote: »
    Coveney - politician therefore only interested in reelection.
    Ming - ditto
    Journalist - jumping on any running story

    There will be casualties but equally there'll be success'. This price position was well flagged 12 mths ago. Nobody is losing money at farm level yet but I can see cash being burned for the first half of next year.

    As I said before what are ye doing about it?

    If we're in a bubble, isn't selling out now the prudent ting to do? Why not do it?
    Wouldn't agree with that, frazzled.

    Breakeven price on heavy ground in North Kerry is put at 28c.


  • #3311
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Buford T. Justice V wrote: »
    Wouldn't agree with that, frazzled.

    Breakeven price on heavy ground in North Kerry is put at 28c.

    What will your average price for the year be? That's why I mentioned last year iykwim

    I don't expect too many to agree but I'm used to that :)


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  • #3312
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    frazzledhome wrote: »
    Coveney - politician therefore only interested in reelection.
    Ming - ditto
    Journalist - jumping on any running story

    There will be casualties but equally there'll be success'. This price position was well flagged 12 mths ago. Nobody is losing money at farm level yet but I can see cash being burned for the first half of next year.

    As I said before what are ye doing about it?

    If we're in a bubble, isn't selling out now the prudent ting to do? Why not do it?

    I might be wrong but did ming write that?
    Odd the way they don't say who wrote it


  • #3313
    WheatenBriar
    Closed Accounts Posts: 3,170 ✭✭✭WheatenBriar


    I doubt anyone went headlong into investing on coveneys advice


  • #3314
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    What defines when the bubble bursts? Land sales? Repossessions?


  • #3315
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    frazzledhome wrote: »

    If we're in a bubble, isn't selling out now the prudent ting to do? Why not do it?

    If we are in a bubble, I suspect the prudent thing to do is not to over-pay for land, and not to over-borrow for anything. And to take anything any politician or institution says with a healthy pinch of salt.


  • #3316
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    kevthegaff wrote: »
    What defines when the bubble bursts? Land sales? Repossessions?

    I suspect the biggest sign will be when the co-ops start getting into trouble and being merged into one giant monopoly "for everyone's benefit".


  • #3317
    whelan2
    Registered Users, Registered Users 2 Posts: 30,811 ✭✭✭✭whelan2


    The price has only been low a a short time if people are in trouble now I wouldn't like to see them in 6 months time!


  • #3318
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    WheatenBriar wrote: »
    I doubt anyone went headlong into investing on coveneys advice

    Of course not!
    Likewise absolutely nobody invested in houses on Bertie's advice...

    It's a spin like all the property porn in the msm at that time.


  • #3319
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    whelan2 wrote: »
    The price has only been low a a short time if people are in trouble now I wouldn't like to see them in 6 months time!

    6 more months of low prices and comming into late spring early summer when cash flow is under most pressure is when the **** will hit the fan


  • #3320
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    kowtow wrote: »
    If we are in a bubble, I suspect the prudent thing to do is not to over-pay for land, and not to over-borrow for anything. And to take anything any politician or institution says with a healthy pinch of salt.

    Dammit!!


  • #3321
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    freedominacup wrote: »
    I could never take ming too seriously since dftg.

    What's dftg?


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  • #3322
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    http://theglobaldairy.com/noticias/rough-week-ahead-for-dairying-43610/


  • #3323
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    mahoney_j wrote: »
    6 more months of low prices and comming into late spring early summer when cash flow is under most pressure is when the **** will hit the fan

    Not to mention whatever mother nature throws out if prices stay down. At least there shud b plenty fodder about anyway


  • #3324
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    kowtow wrote: »
    If we are in a bubble, I suspect the prudent thing to do is not to over-pay for land, and not to over-borrow for anything. And to take anything any politician or institution says with a healthy pinch of salt.

    +1


  • #3325
    whelan2
    Registered Users, Registered Users 2 Posts: 30,811 ✭✭✭✭whelan2


    kowtow wrote: »
    If we are in a bubble, I suspect the prudent thing to do is not to over-pay for land, and not to over-borrow for anything. And to take anything any politician or institution says with a healthy pinch of salt.

    Might be too late for some.


  • #3326
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    Dawggone wrote: »
    What's dftg?

    Don't feed the gondolas.


  • #3327
    greenfield21
    Registered Users, Registered Users 2 Posts: 1,131 ✭✭✭greenfield21


    So what is the base price predicted for the next 12 months would you think. The big companies must be making reasonable predictions for 2016.


  • #3328
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    freedominacup wrote: »
    Don't feed the gondolas.

    ???


  • #3329
    whelan2
    Registered Users, Registered Users 2 Posts: 30,811 ✭✭✭✭whelan2


    greenfield21 wrote: »
    So what is the base price predicted for the next 12 months would you think. The big companies must be making reasonable predictions for 2016.

    We don't know what we are getting for July yet so hard to predict. We really dodged a bullet earlier in the year with milk prices


  • #3330
    RightTurnClyde
    Registered Users, Registered Users 2 Posts: 2,143 ✭✭✭RightTurnClyde


    Milked out wrote: »
    http://theglobaldairy.com/noticias/rough-week-ahead-for-dairying-43610/

    At the moment I'm glad I'm in Ireland and not NZ


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  • #3331
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    Dawggone wrote: »
    ???

    Google it. Gg wouldn't have been much more than a bad thought when it was on.


This discussion has been closed.
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