Milk Price- Please read Mod note in post #1

RightTurnClyde · 10-06-2016 08:00PM

Dawggone wrote: »

Not being smart, but isn't that called 'good business'?

I wouldn't bother where the next blade of grass comes from, but I wouldn't sleep if I couldn't pay the bills in 30days.

The worst deals I've got with the coop is when I pay monthly, the best are when youve a fine bill ran up after 12 months and you get the rep in to clear the account. Interest gone and decent reductions fert/feed prices.
With coops, pay monthly...sh1t is your thanks.

Merchants on the other hand do great deals for paying every month or Payments on delivery

Dawggone · 10-06-2016 08:11PM

RightTurnClyde wrote: »

The worst deals I've got with the coop is when I pay monthly, the best are when youve a fine bill ran up after 12 months and you get the rep in to clear the account. Interest gone and decent reductions fert/feed prices.
With coops, pay monthly...sh1t is your thanks.

Merchants on the other hand do great deals for paying every month or Payments on delivery

As I said Clyde, the Coops have the interest already built into the price.
Independent merchants will/should be keener on price when payed promptly.

Farmer Ed · 10-06-2016 08:12PM

Dawggone wrote: »

I did plenty of business with DG and never paid interest. Ever.

Their margin is built into the price.
Example. 35%AN is €188/ton here now, what are you being charged for 27.5%CAN?

I didn't know Dairygold sold fertiliser in France? I was aware their agri trading was way down and they were pulling out all the stops to shift fertiliser.

All I know is I had heifers sold to a new entrant about August last year but he had to pull out of the deal because his July milk cheque was cleaned out unexpectedly.
I also know of people who were reminded that not signing the contract would mean interest being charged on any over due account.

whelan2 · 10-06-2016 08:13PM

Do dairygold have attractive credit limits like Glanbia?

Dawggone · 10-06-2016 08:16PM

RightTurnClyde wrote: »

True, but they do fit in well with the Irish grass cheapy cheapy outdoor system. They involve zero labour, no pits, no waste, no machinery, no diesel, they can be turned on off up or down depending on weather and grass. And you've no money tied up under plastic.And there's the option to target feed to individual cows easily.

Agreed.
I've an Irish lad here atm that comes from the true blue dyed in the wool low cost system, and he's kinda confused as to how easy and low cost my system is.

Jeez but he's some worker. I'd love to be able to keep him but he's gone in a month.

Buford T. Justice XIX · 10-06-2016 08:16PM

Looking at a few tweets and sites today, there is a small but growing body of opinion that prices have bottomed out and are beginning to rise so we should be seeing a small rise in the next two to three months.

The worst may be over:o

mf240 · 10-06-2016 08:21PM

Sure it's no so bad

images?q=tbn:ANd9GcQaTI5fo5mt_xfKnY-kH4Kph0dmygE5OHfRIw2Gzdr2h1SCge3fug

Farmer Ed · 10-06-2016 08:25PM

whelan2 wrote: »

Do dairygold have attractive credit limits like Glanbia?

Now that would depend who was asking. It was claimed in court that a former ceo had a credit limit of hundreds of thousands and the future Ceo who was then in charge of trading was quoted as making a trow away remark something along the lines of. If interest was to be changed it could be a very profitable arrangement for the co op.

RightTurnClyde · 10-06-2016 08:30PM

Farmer Ed wrote: »

I didn't know Dairygold sold fertiliser in France? I was aware their agri trading was way down and they were pulling out all the stops to shift fertiliser.

All I know is I had heifers sold to a new entrant about August last year but he had to pull out of the deal because his July milk cheque was cleaned out unexpectedly.
I also know of people who were reminded that not signing the contract would mean interest being charged on any over due account.

Question:
If you have a milk account and a separate trading account, is the coop allowed to transfer money from the milk to the trading account. In our coop you can purchase goods straight onto the milk account and that's deducted from that months milk cheque. Then there's the trading account. That incurs interest and you settle up whenever.

Years ago when I was starting up even though account was settled up ever year, one year they started deducting random amounts every month from the milk cheque, and transferring it to the trading account. Hard to deal with as a startup. So when when it came to paying the bill at the end of the year and I had the rep at the kitchen table, things were heating up. I put it to him that transferring money to the trading account wasn't allowed and shouldn't be happening. He immediately went on the back foot and became very amenable.
Always wondered afterwards were they doing something they shouldn't be doing??

RightTurnClyde · 10-06-2016 08:35PM

Buford T. Justice V wrote: »

Looking at a few tweets and sites today, there is a small but growing body of opinion that prices have bottomed out and are beginning to rise so we should be seeing a small rise in the next two to three months.

The worst may be over:o

I've been getting that impression aswell over the last few days. But then when you think about it, couldn't the Uk vote for Brexit and blow any recovery to sh1t for the next 6-12 months

whelan2 · 10-06-2016 08:36PM

RightTurnClyde wrote: »

Question:
If you have a milk account and a separate trading account, is the coop allowed to transfer money from the milk to the trading account. In our coop you can purchase goods straight onto the milk account and that's deducted from that months milk cheque. Then there's the trading account. That incurs interest and you settle up whenever.

Years ago when I was starting up even though account was settled up ever year, one year they started deducting random amounts every month from the milk cheque, and transferring it to the trading account. Hard to deal with as a startup. So when when it came to paying the bill at the end of the year and I had the rep at the kitchen table, things were heating up. I put it to him that transferring money to the trading account wasn't allowed and shouldn't be happening. He immediately went on the back foot and became very amenable.
Always wondered afterwards were they doing something they shouldn't be doing??

Lakelands do something like that swipe your milk cheque, bad form imo. But then the lad telling me wouldnt be without fault either

RightTurnClyde · 10-06-2016 08:36PM

Dawggone wrote: »

Agreed.
I've an Irish lad here atm that comes from the true blue dyed in the wool low cost system, and he's kinda confused as to how easy and low cost my system is.

Jeez but he's some worker. I'd love to be able to keep him but he's gone in a month.

Ahh no panic, I'll be over in a couple of weeks, I'll pull a few tits for ya if you're stuck.

whelan2 · 10-06-2016 08:36PM

Buford T. Justice V wrote: »

Looking at a few tweets and sites today, there is a small but growing body of opinion that prices have bottomed out and are beginning to rise so we should be seeing a small rise in the next two to three months.

The worst may be over:o

next week will be interesting when May prices are announced

whelan2 · 10-06-2016 08:37PM

RightTurnClyde wrote: »

Ahh no panic, I'll be over in a couple of weeks, I'll pull a few tits for ya if you're stuck.

Might be there same time as ya

RightTurnClyde · 10-06-2016 08:40PM

whelan2 wrote: »

Might be there same time as ya

Shhhhhhhh, will ya. People will start talking

RightTurnClyde · 10-06-2016 08:55PM

whelan2 wrote: »

Might be there same time as ya

What area you heading to. We're going back to LaRochelle, was there last year and loved it.

whelan2 · 10-06-2016 08:59PM

RightTurnClyde wrote: »

What area you heading to. We're going back to LaRochelle, was there last year and loved it.

Nice

freedominacup · 10-06-2016 09:03PM

whelan2 wrote: »

Nice

Not really no. Hate that part of the world.

Farmer Ed · 10-06-2016 09:11PM

RightTurnClyde wrote: »

Question:
If you have a milk account and a separate trading account, is the coop allowed to transfer money from the milk to the trading account. In our coop you can purchase goods straight onto the milk account and that's deducted from that months milk cheque. Then there's the trading account. That incurs interest and you settle up whenever.

Years ago when I was starting up even though account was settled up ever year, one year they started deducting random amounts every month from the milk cheque, and transferring it to the trading account. Hard to deal with as a startup. So when when it came to paying the bill at the end of the year and I had the rep at the kitchen table, things were heating up. I put it to him that transferring money to the trading account wasn't allowed and shouldn't be happening. He immediately went on the back foot and became very amenable.
Always wondered afterwards were they doing something they shouldn't be doing??

Like I said I think it depends who you are. I know of one guy who claims to have a bill of 30k that never seemed to go away. Anyway when he got someone to look at it for him he had paid 24 k in interest over the previous few year. The final straw was when his peak months milk cheques were stopped. Just to humiliate him even further thay agreed to pay the silage contractor directly. It was like saying we don't trust this man to manage his own money. I agree he made a mistake allowing the bill to rollover like that. But the other side was he was doing a lot of trading with them and they were charging credit card rates for the privilege.

Dawggone · 10-06-2016 09:12PM

Buford T. Justice V wrote: »

Looking at a few tweets and sites today, there is a small but growing body of opinion that prices have bottomed out and are beginning to rise so we should be seeing a small rise in the next two to three months.

The worst may be over:o

Commodities have been rallying for the last 10days or so but everything finished in the red today after the USDA WASDA report. Sorry.

Sold a little soft wheat at €152.75/ton...

Waffletraktor · 10-06-2016 09:21PM

Farmer Ed wrote: »

Like I said I think it depends who you are. I know of one guy who claims to have a bill of 30k that never seemed to go away. Anyway when he got someone to look at it for him he had paid 24 k in interest over the previous few year. The final straw was when his peak months milk cheques were stopped. Just to humiliate him even further thay agreed to pay the silage contractor directly. It was like saying we don't trust this man to manage his own money. I agree he made a mistake allowing the bill to rollover like that. But the other side was he was doing a lot of trading with them and they were charging credit card rates for the privilege.

Surelly he would have sat down with a calculator in this time? Merchants and contractors are not a bank.

Dawggone · 10-06-2016 09:23PM

RightTurnClyde wrote: »

Ahh no panic, I'll be over in a couple of weeks, I'll pull a few tits for ya if you're stuck.

I think you posted before that you like good food?
If you do a few milkings I'll buy you lunch!
There's a restaurant up the road from La Rochelle called La Marine in Noirmoutier and it's well worth a visit. Alexandre Couillion is the chef and is gifted with seafood. You'd want to be booking now.
I recommend the Turbot.

whelan2 · 10-06-2016 09:27PM

Waffletraktor wrote: »

Surelly he would have sat down with a calculator in this time? Merchants and contractors are not a bank.

When lads backs are against the wall and they are given crazy credit limits they will just keep adding to their account

Timmaay · 10-06-2016 09:30PM

Waffletraktor wrote: »

Surelly he would have sat down with a calculator in this time? Merchants and contractors are not a bank.

I've seen fine farm's getting handed over to sons been run into the ground in the space of afew years, the calculator might have been taking out then but it certainly wasn't used for the correct sums.

Farmer Ed · 10-06-2016 09:36PM

whelan2 wrote: »

When lads backs are against the wall and they are given crazy credit limits they will just keep adding to their account

Plus if you end up on credit card rates it's a very slippery slope. It's fine to point the finger but you are correct when people's backs are to the wall they can make very poor choices

Waffletraktor · 10-06-2016 09:44PM

whelan2 wrote: »

When lads backs are against the wall and they are given crazy credit limits they will just keep adding to their account

If you get into farming on credit for your variable running costs for more than a year to someone unless you had a cunning plan so cunning you could stick a tail and it and call it a fox your are in trouble.
Frazzeledhome always said it was lack of cash that sank a business.

whelan2 · 10-06-2016 09:46PM

Waffletraktor wrote: »

If you get into farming on credit for your variable running costs for more than a year to someone unless you had a cunning plan so cunning you could stick a tail and it and call it a fox your are in trouble.
Frazzeledhome always said it was lack of cash that sank a business.

yes and these schemes being set up by glanbia are prolonging that agony for many. Not to mention the crazy credit limits......

kevthegaff · 10-06-2016 09:58PM

F'ck I always have co op /merchant credit this time of the year! I won't even put a figure out there, anyway never failed to clear it by nov/dec but will see this year

whelan2 · 10-06-2016 09:59PM

kevthegaff wrote: »

F'ck I always have co op /merchant credit this time of the year! I won't even put a figure out there, anyway never failed to clear it by nov/dec but will see this year

yes thats normal but lads being allowed to run up crazy amounts is not normal

Waffletraktor · 10-06-2016 10:20PM

whelan2 wrote: »

yes thats normal but lads being allowed to run up crazy amounts is not normal

Short medium term loan to clear the books and have some cash could surely be got, though an honest assesment is in order to decide if its worth while.

Milk Price- Please read Mod note in post #1

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