Dairy Chit Chat- Please read Mod note in post #1

Dawggone · 11-03-2016 01:04PM

Timmaay wrote: »

Pricing up nuts here, got a very good price on a 14%p nut, but soya hull based. When I snubbed my nose to the soya hulls the feed merchant tried to tell me it's not a bad ingredient this time of the year as it helps add fibre to the diet while the cows getting out to fresh grass. Full of crap or any truth to this ha?

True.

Milked out · 11-03-2016 01:11PM

Anyone getting a nut made up for when at grass if so what are/ would ye putting in it? 14% p should be plenty. Nutting it would help for parlour feeders I assume

Dawggone · 11-03-2016 01:11PM

Milked out wrote: »

As dawg said you'd think a company of glanbias scale would.be able to.raise the finance at less than 4%

Of course Glanbia would be able to get finance at much lower rates, but they're not raising the finance...farmers are.
Glanbia are only facilitating the package.

Iirc it's Rabobank that are financing the package.

Milked out · 11-03-2016 01:16PM

Dawggone wrote: »

Of course Glanbia would be able to get finance at much lower rates, but they're not raising the finance...farmers are.
Glanbia are only facilitating the package.

Iirc it's Rabobank that are financing the package.

My mistake, haven't read up on it. It seems It's much ado about nothing so, only facilitating farmers to get a bank loan they could get themselves maybe not at 4 depending on the amount but still. And making money off it themselves. From talking to accountant in the last few years rabo/ acc are no fun to deal with

alps · 11-03-2016 01:17PM

Dawggone wrote: »

Of course Glanbia would be able to get finance at much lower rates, but they're not raising the finance...farmers are.
Glanbia are only facilitating the package.

Iirc it's Rabobank that are financing the package.

Rabobank back under another cloak......left enough guys with extreme difficulties when they abandoned the ACC project. At least this time they don't get the deeds...

Dawggone · 11-03-2016 01:20PM

alps wrote: »

At least this time they don't get the deeds...

But they get the first bite of the milk cheque...

alps · 11-03-2016 01:36PM

farmertipp wrote: »

What is going on there?

Ex suppliers have been invited to meet the board over the last 2 weeks. Each ex supplier has been given the opportunity to put his case to the board before they decide on whether he should be expelled from the coop.

This group are mostly farmers who left to go to Arrabawn last spring, while the farmers who left the previous year to go to Boherbue and Strathroy have already gone through this process. The previous suppliers were given a loan note to the value of their shares and will be entitled to begin cashing in that loan note when they reach 65.

The farmers in the past 2 weeks have been told that what may happen is that they wil be issued loan stock which would attract an interest dividend and could begin cashing in that stock over a period of 5years starting in year 5.

The big snag here is that the vast majority of these shares were issued over time as bonus shares for trading etc.and immediately on encashment of these shares, capital gains tax becomes due on the gain, which will need to be paid by next December. Of course the farmer will not have the funds to pay this tax, and won't have for another 5 or 6 years.

Dairygold board members have denied so far that there will be a tax issue but gave in when the farmers produced the tax advise from their advisors.

Some of the farmers that left 2 years ago may be in a position of having a tax bill with interest and penalties at this stage.

Most of the farmers that met the board this week have looked for the entirety of their money back immediately and be left to get on with their lives.

Yesterday one of these farmers went to the meeting, asked that he could have an advisor at the end of his phone for personal reasons, but the board would not proceed with the meeting and left the room. He remained in the board room all day and overnight, and says he is not leaving until he has the meeting he was invited to and gets payment of monies that will be due to him which amount to more than 20k.

Some newspapers have reported on this this morning and County Sound also carry the story during the day..

kowtow · 11-03-2016 01:39PM

Isn't there a European bank line underneath it all? The way those schemes usually work is that the govt (EU) bank takes the junior 30% of each loan - ie the highest risk part - allowing local retail banks to lend as if the risk was gold plated, cheap and unsecured. It's basically govt sponsored credit enhancement. Land and vehicles are usually excluded from these EU schemes which may explain the slightly odd purposes description.

If I am right about this then Rabo is taking very little if any risk - the price to compare with is similar loans to farmers in other Eu nations.

I could be wrong here as only picking up different bits on the scheme from press.

Dawggone · 11-03-2016 01:56PM

kowtow wrote: »

Isn't there a European bank line underneath it all? The way those schemes usually work is that the govt (EU) bank takes the junior 30% of each loan - ie the highest risk part - allowing local retail banks to lend as if the risk was gold plated, cheap and unsecured. It's basically govt sponsored credit enhancement. Land and vehicles are usually excluded from these EU schemes which may explain the slightly odd purposes description.

If I am right about this then Rabo is taking very little if any risk - the price to compare with is similar loans to farmers in other Eu nations.

I could be wrong here as only picking up different bits on the scheme from press.

If what you say is correct then Rabobank are making a nice touch. Arbitrage works both ways...

French farmers loans ;

Overdraft = 2.9 to 3.1%
12yr fixed = 2.1 to 2.4%
1yr fixed = 0.7 to 1%
Mach lease 5yr = 1.3 to 1.8%
Mach lease 7yr = 1.6 to 1.9%

Above are offers...without haggling or shopping around.

kowtow · 11-03-2016 02:09PM

The EU part is the 'Ireland strategic investment fund' AFAIK.

Buford T. Justice XIX · 11-03-2016 02:14PM

Dawggone wrote: »

If what you say is correct then Rabobank are making a nice touch. Arbitrage works both ways...

French farmers loans ;

Overdraft = 2.9 to 3.1%
12yr fixed = 2.1 to 2.4%
1yr fixed = 0.7 to 1%
Mach lease 5yr = 1.3 to 1.8%
Mach lease 7yr = 1.6 to 1.9%

Above are offers...without haggling or shopping around.

Any chance of a loan of a few bob, Dawg?:P

We would be looking at doubling or even trebling those rates from banks here.

Dawggone · 11-03-2016 05:03PM

Buford T. Justice V wrote: »

Any chance of a loan of a few bob, Dawg?:P

Sure if I had it I'd give it to you Sheriff.

Brown Podzol · 11-03-2016 06:14PM

kowtow wrote: »

Isn't there a European bank line underneath it all? The way those schemes usually work is that the govt (EU) bank takes the junior 30% of each loan - ie the highest risk part - allowing local retail banks to lend as if the risk was gold plated, cheap and unsecured. It's basically govt sponsored credit enhancement. Land and vehicles are usually excluded from these EU schemes which may explain the slightly odd purposes description.

If I am right about this then Rabo is taking very little if any risk - the price to compare with is similar loans to farmers in other Eu nations.

I could be wrong here as only picking up different bits on the scheme from press.

As well as having little or no risk they may even be paid to borrow the money from the ECB.

"The ECB will hold four rounds of cheap loans, at zero interest. If banks lend more to companies, they could qualify for a reduction in the interest rate to as low as minus 0.4%."

Brown Podzol · 11-03-2016 06:44PM

Timmaay wrote: »

Pricing up nuts here, got a very good price on a 14%p nut, but soya hull based. When I snubbed my nose to the soya hulls the feed merchant tried to tell me it's not a bad ingredient this time of the year as it helps add fibre to the diet while the cows getting out to fresh grass. Full of crap or any truth to this ha?

Looking to make up concentrate for cows especially from start of the second round when grass is very high in protein, and thinking the single biggest ingredient will be maize and some s hulls. Maybe 70/80% maize , 20/30% s hulls with callmag in a nut if it can be done. It's all about energy from there on.

mahoney_j · 11-03-2016 07:28PM

Brown Podzol wrote: »

Looking to make up concentrate for cows especially from start of the second round when grass is very high in protein, and thinking the single biggest ingredient will be maize and some s hulls. Maybe 70/80% maize , 20/30% s hulls with callmag in a nut if it can be done. It's all about energy from there on.

Maize ,beet pulp hulls ,soya palm kernel cal mag ,and usual vitimans and minerals formulated at 16% p is what I'm requesting .energy ,fibre ,protein

Milked out · 11-03-2016 07:35PM

mahoney_j wrote: »

Maize ,beet pulp hulls ,soya palm kernel cal mag ,and usual vitimans and minerals formulated at 16% p is what I'm requesting .energy ,fibre ,protein

Any quotes yet?

freedominacup · 11-03-2016 07:38PM

mahoney_j wrote: »

Maize ,beet pulp hulls ,soya palm kernel cal mag ,and usual vitimans and minerals formulated at 16% p is what I'm requesting .energy ,fibre ,protein

Why Palm kernel?

Dawggone · 11-03-2016 07:58PM

Brown Podzol wrote: »

Looking to make up concentrate for cows especially from start of the second round when grass is very high in protein, and thinking the single biggest ingredient will be maize and some s hulls. Maybe 70/80% maize , 20/30% s hulls with callmag in a nut if it can be done. It's all about energy from there on.

Would you consider cutting back a bit on the maize and including some barley?

kevthegaff · 11-03-2016 08:38PM

Does the loan require security?

kevthegaff · 11-03-2016 08:40PM

Spread a good bit of urea today on behalf of a fellow ex boardsie lol

Buford T. Justice XIX · 11-03-2016 08:58PM

How soon after calving can a cow go to the mart?

I had a cow calve today, no milk, in good condition and it would suit if she went with a batch next week but could wait for another week if needed.

Brown Podzol · 11-03-2016 09:02PM

Dawggone wrote: »

Would you consider cutting back a bit on the maize and including some barley?

I would, but only because the quality of last year's harvest was good. Some years the native barley or wheat is rubbish with low bushel and micro toxins coming through. I'll beat the bushes and see what happens.

Brown Podzol · 11-03-2016 09:07PM

mahoney_j wrote: »

Maize ,beet pulp hulls ,soya palm kernel cal mag ,and usual vitimans and minerals formulated at 16% p is what I'm requesting .energy ,fibre ,protein

Why the need to add protein? The p in grass from second round on can be as high as 25% especially if you have front loaded n and following with 30/40 units.

freedominacup · 11-03-2016 09:08PM

Brown Podzol wrote: »

Looking to make up concentrate for cows especially from start of the second round when grass is very high in protein, and thinking the single biggest ingredient will be maize and some s hulls. Maybe 70/80% maize , 20/30% s hulls with callmag in a nut if it can be done. It's all about energy from there on.

I know you're getting it cubed but I'd wonder about the palatability of it with maize meal only. I certainly find it hard to get them to eat a blend with too high a level of maize meal. Also a mix of fast and slow release starches is usually beneficial.

Milked out · 11-03-2016 09:15PM

8 cows bulling + rain = 3 acres in pure ****

mahoney_j · 11-03-2016 09:39PM

Milked out wrote: »

Any quotes yet?

Mill to formulate it and get back to me but circa 250/tonne at 16%

mf240 · 11-03-2016 09:41PM

A three way mix of Barley hulls and maize with minerals and cal mag would probably be grand if getting plenty of grass into them.

Any prices for dairy nuts?

mahoney_j · 11-03-2016 09:42PM

freedominacup wrote: »

Why Palm kernel?

Protein and it's a reasonable quality filler .nutritionist is a fan ofcitvthis time of year but not at any sort of high quantity .price another reason

kevthegaff · 11-03-2016 10:16PM

What mix would ye suggest for cows grazing by day on light covers? Many of ye with ration through the feeders?

kowtow · 11-03-2016 10:18PM

Has anyone come across the Shrule sale - seems to be an annual event - will be on 19th.?

Worth a look when getting the numbers up?

Dairy Chit Chat- Please read Mod note in post #1

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