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Milk Price- Please read Mod note in post #1

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Comments

  • #8102
    Pacoa
    Registered Users, Registered Users 2 Posts: 520 ✭✭✭Pacoa


    Isn't there some company even bottling mains water.

    Peckham spring. Or at least thats what I think Del boy called it.


  • #8103
    browned
    Closed Accounts Posts: 661 ✭✭✭browned


    whelan2 wrote: »
    Thanks. Will probably be on 6 o clock news again

    Don't quote me on it as it sounds a bit low.


  • #8104
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    browned wrote: »
    whelan2 wrote: »
    George Lee was on the news at one on rte. The average dairy farmer only has loans of 60k. Can't remember the exact figure but a sizeable amount have no loans. They were talking about the Teagasc Figure for different farming enterprises for 2015. He also kept emphasising that the 2016 dairy figure will be crap

    Think it was 2/3 have no loans while 1/3 have an average of 60,000
    Either way what difference does it make. It's not like a business can go on without finance, "ye have hardly any debt ye'll be grand" job. A generalisation like that is pointless. Particularly when many farmers are near the end of their careers, if they want young people to come in how do they hope to do so. There may always be people with no, medium and large amounts of debt, if the sector won't return enough to expand or keep going by financing there won't be much of a sector left


  • #8105
    Pacoa
    Registered Users, Registered Users 2 Posts: 520 ✭✭✭Pacoa


    https://www.youtube.com/watch?v=lfRV-pz-6EA


  • #8106
    WheatenBriar
    Closed Accounts Posts: 3,170 ✭✭✭WheatenBriar


    Did anyone ask George lee if teagasc members were a representative sample of dairy farmers? What percentage are they,do they tell the truth on the form(in my experience many don't)

    Also I've paid my teagasc sub for decades and have never been asked about my financials
    And of course,mortgages or home loans aren't counted at all,so a dairy farmer could be paying back a mortgage on the house he/she built of maybe 200 k and mar dhea according to teagasc have no loan at all,despite relying on a negative margin dairy business to keep up those payments

    Honestly,when you hear what bull is in the news programmes about things you do know something about,you'd have to question the veracity of their commentary on anything else


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  • #8107
    pedigree 6
    Closed Accounts Posts: 4,559 ✭✭✭pedigree 6


    Pacoa wrote: »
    Peckham spring. Or at least thats what I think Del boy called it.

    It's in co. tipperary.
    They have a licence for it.


  • #8108
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    Check today happy enough


  • #8109
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    Milked out wrote: »
    Either way what difference does it make. It's not like a business can go on without finance, "ye have hardly any debt ye'll be grand" job. A generalisation like that is pointless. Particularly when many farmers are near the end of their careers, if they want young people to come in how do they hope to do so. There may always be people with no, medium and large amounts of debt, if the sector won't return enough to expand or keep going by financing there won't be much of a sector left
    If there isn't enough for basic maintenance in a business, you have to question the future of that business.

    One year, OK.

    Two years, I'd be asking questions.

    Three years, it's time to look elsewhere, imo.


  • #8110
    whelan2
    Registered Users, Registered Users 2 Posts: 30,792 ✭✭✭✭whelan2


    Buford T. Justice V wrote: »
    If there isn't enough for basic maintenance in a business, you have to question the future of that business.

    One year, OK.

    Two years, I'd be asking questions.

    Three years, it's time to look elsewhere, imo.
    Do you think many would survive 3 years?


  • #8111
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    keep going wrote: »
    Check today happy enough

    Only today? Did they forget to pay it on time?


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  • #8112
    whelan2
    Registered Users, Registered Users 2 Posts: 30,792 ✭✭✭✭whelan2


    http://www.agriland.ie/farming-news/dairy-farmers-produce-20-make-money-2015/


  • #8113
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    Pacoa wrote: »
    https://www.youtube.com/watch?v=lfRV-pz-6EA

    George could take a leaf out of those journalists book.


  • #8114
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Farmer Ed wrote: »
    George could take a leaf out of those journalists book.

    Yea right...a discounting supermarket chain in Oz crashed world milk price?

    And Chinese cows are fed...chemicals?

    Emotive tripe.


  • #8115
    Water John
    Registered Users, Registered Users 2 Posts: 21,259 ✭✭✭✭Water John


    Working from memory, the figures last year were one third of dairy farms had no farm loan. Two thirds had. The average across all dairy farmers was €63K. Thus the average loan was near €100K.
    I think also these are bank loans not incl merchant credit, delayed bills etc.

    Haven't seen George yet.


  • #8116
    whelan2
    Registered Users, Registered Users 2 Posts: 30,792 ✭✭✭✭whelan2


    Water John wrote: »
    Working from memory, the figures last year were one third of dairy farms had no farm loan. Two thirds had. The average across all dairy farmers was €63K. Thus the average loan was near €100K.
    I think also these are bank loans not incl merchant credit, delayed bills etc.

    Haven't seen George yet.
    he was in studio on the one o clock news, he did a report on the 6 o clock news. So wasnt as much detail on the 6 o clocl news. Maybe the rte player of the 1 o clock news will show it


  • #8117
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    pedigree 6 wrote:
    If the average farmer has loans of 60k and others have none. I wonder what the top amount that some farmers have borrowed. Averages hide a lot. Also I wonder does teagasc average dairy income include the total income on a 300 cow herd and say 3 people get a wage from it. But if teagasc do it on a per farm basis thus skewing the figures to an average dairy farmer.


    The figure we need is the median, not the mean.

    The average borrowing of all dairy farmers is not the same as the borrowing of the "average" dairy farmer.


  • #8118
    Jaysus Christ
    Banned (with Prison Access) Posts: 136 ✭✭Jaysus Christ


    Dawggone wrote: »
    Yea right...a discounting supermarket chain in Oz crashed world milk price?

    And Chinese cows are fed...chemicals?

    Emotive tripe.

    I thought it was the Chinese babies for discovering breast is best.


  • #8119
    pedigree 6
    Closed Accounts Posts: 4,559 ✭✭✭pedigree 6


    whelan2 wrote: »
    http://www.agriland.ie/farming-news/dairy-farmers-produce-20-make-money-2015/

    Lol. Tillage incomes increased due to rising cattle prices.:D:D

    I knew it was per farm and not per labour/income unit.

    Edit: This is so funny. Tillage guys must be using oxen now to pull the ploughs.

    I wonder how long till the author spots it.
    Better check the rest as well.


  • #8120
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Dawggone wrote:
    Yea right...a discounting supermarket chain in Oz crashed world milk price?

    Amazing the different reasons supposedly intelligent people come up with to explain why market prices fall.

    When I was a youngster we had a very eloquent, affable broker in the office who used to look after big retail money... the sort of man who could listen to clients going on about their children without actually falling asleep.. good bedside manner.

    When markets crashed as they do from time to time and the phones were red hot he used to purr at them down the line "prices going down? Well yes, I can tell you with absolute confidence that it's happening because there are more sellers than buyers"

    Clients were usually so shocked at the truth that they thanked him politely and rang off.


  • #8121
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    browned wrote: »
    Think it was 2/3 have no loans while 1/3 have an average of €60,000

    There must be some pile of ye with loans of around €10k.


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  • #8122
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    Dawggone wrote: »
    Yea right...a discounting supermarket chain in Oz crashed world milk price?

    And Chinese cows are fed...chemicals?

    Emotive tripe.

    It's probably closer to the truth than the spin here about white gold.

    No harm to make consumers aware as to what is going on. In the same way as we have fair trade coffee, maybe its about time we also have fair trade dairy products


  • #8123
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    kowtow wrote: »
    Amazing the different reasons supposedly intelligent people come up with to explain why market prices fall.

    When I was a youngster we had a very eloquent, affable broker in the office who used to look after big retail money... the sort of man who could listen to clients going on about their children without actually falling asleep.. good bedside manner.

    When markets crashed as they do from time to time and the phones were red hot he used to purr at them down the line "prices going down? Well yes, I can tell you with absolute confidence that it's happening because there are more sellers than buyers"

    Clients were usually so shocked at the truth that they thanked him politely and rang off.


    Lol.
    I've yankee relations that rode the housing bubble with their hardware business and, in fairness, expanded and made quite a bit of soft money...they, from their luxurious Floridian condo, think exactly like that.
    Basic facts elude them.
    When you live, work, and operate in a protective bubble, reality may seem a little distorted...remind you of anything agricultural?


  • #8124
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Farmer Ed wrote: »
    It's probably closer to the truth than the spin here about white gold.

    No harm to make consumers aware as to what is going on. In the same way as we have fair trade coffee, maybe its about time we also have fair trade dairy products

    Ed, I like my newsfeed to be honest, factual and informed.

    I have to say it's getting more difficult to find proper reporting of news.

    That 'report' is nothing but shyte.


  • #8125
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    Have you ever tried to find out off a farmer how many cows he has or how many acres.

    Can you imagine them telling a lad from teagasc how much there borrowings are.


  • #8126
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    Farmer Ed wrote: »
    Only today? Did they forget to pay it on time?

    Yera no we tell them hold on to it


  • #8127
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    whelan2 wrote: »
    Do you think many would survive 3 years?
    It would depend on the level of losses they make in total. Three years making a cent or two of a loss would see a lot hang in there but a year with 5c of a loss would push a lot over the edge.

    It's like the story about putting the frog in boiling water and he will jump out straight away but slowly heat the water and he will die before he can react to jump out.


  • #8128
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Jaysus Christ wrote: »
    I thought it was the Chinese babies for discovering breast is best.

    See, I can't engage you at all in any sort of rational/shyte conversation.


    Here's why...
    You're the Popes boss...he's infallible...and you're all-knowing...just where do I come in this??

    The all knowing/all seeing entity!

    Respect?


  • #8129
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    Dawggone wrote: »
    Ed, I like my newsfeed to be honest, factual and informed.

    I have to say it's getting more difficult to find proper reporting of news.

    That 'report' is nothing but shyte.

    Would have to agree with you about the stuff you find in the media when I found out the stuff my own co op was feeding me was just spin from a Pr agent. That was the final straw for me. We are constantly being sold pups and our milk price currently reflects that.

    Surprised you don't follow French media? Do they have a French boards?


  • #8130
    Water John
    Registered Users, Registered Users 2 Posts: 21,259 ✭✭✭✭Water John


    Boards is a sort of quirky Irish thing. Tried launching it in some other countries, never took on, I think.


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  • #8131
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    Water John wrote: »
    Boards is a sort of quirky Irish thing. Tried launching it in some other countries, never took on, I think.
    are ye like the holy trinity, you see one , next see the other but ye are all the one spirit afterwards


This discussion has been closed.
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