shakerator
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Buys you less than £140/t wheat 2 years ago ....
Official inflation 2.8%
Discuss
Official inflation 2.8%
Discuss
Just imagine the rents some would be paying if it was £1000 a tonneSeems better than the £60 /ton offered in the late 1990's......
But yes, £200 is nothing to write home about. Should be nearer £1000 / ton to get back to the buying new tractors era of the 1960's/ 70's.
Got to keep the price low though, so big boys can carry on hoovering up all the small farms...
Buys you less than £140/t wheat 2 years ago ....
Official inflation 2.8%
Discuss
Buys you less than £140/t wheat 2 years ago ....
Official inflation 2.8%
Discuss
yep - has took me 30yrs to realise it but farming is a game you really can’t win !
Isn't that true for the basic producers of any commodity product? Unless the producer can gain market control - and that is possible only by government controlled producers, not for tiny individual producers in a wider 'market' such as farmers. Question set by your economics lecturer in second year at Harper I would have thought. It was set in my first year at Newcastle! Presumed with hindsight he was testing our resolve in studying Agriculture rather than any of thee other degree courses on offer! But we were to dumb to be able to understand!
But it is good to see you enjoy and find the game interesting - that is worth a small fortune.
plenty mining, oil and gas companies have done ok as primary producers
our issue is we are price takers not price makers
Yes I thought you might come back with the Rio Tinto BP comment / argument. I almost included that in my initial reply - but restrained to the reference to 'government size producers'. And thus I will say in reply that comparing Rio Tinto to a 2000 acre wheat farmer in UK or anywhere else is comparing apples with pears. I need to find that essay from a long time ago to see what wrote then - as it was indeed referenced. I think I used the example of OPEC then - as it was at the time very pertinent. I am old of course.
Cheers for reply. Good fun.
Nonsense, it requires a sea of inputs and millions of poundsAlso bear in mind how much easier it is to grow than 40 years ago ie man hours per ton
You’ll have to explain your maths to meBuys you less than £140/t wheat 2 years ago ....
Official inflation 2.8%
Discuss
Do you think oil or gas companies are price makers?plenty mining, oil and gas companies have done ok as primary producers
our issue is we are price takers not price makers
On then other end of the scale, Hanson, Bredon, Cemex, Tarmac haven’t done too badly either. Even down to the little guys who buy the stone and sell it transported.
They can corner the market a bit easier though as there are only so many quarries and distance matters.
Farms are two a penny, and cannot deal direct but almost all is done via multinational merchants.
Many large farms are in it to lose moneyYes, and as publicly quoted businesses have to perform financially with returns over the longer term. Been very few publicly quoted farming businesses and those that have have not lasted very long on the stock market. Your quote explains why. Many, many farms, and with different financial objectives, or actually acceptance of financial outcomes. Ah well, takes me back to those days writing economics essays. I just need to get Teardrop Explodes on Spotifiy and I can pretend am young again - pity the aching back brings me down to earth with reality. Cheers.
Its obviousYou’ll have to explain your maths to me
Anyone else understand how £200 /t wheat buys £140 wheat two years ago?Its obvious
Fert gone madAnyone else understand how £200 /t wheat buys £140 wheat two years ago?
Do you think oil or gas companies are price makers?
Blimey you should never have carried those sacks of beans up those granary steps.Yes, and as publicly quoted businesses have to perform financially with returns over the longer term. Been very few publicly quoted farming businesses and those that have have not lasted very long on the stock market. Your quote explains why. Many, many farms, and with different financial objectives, or actually acceptance of financial outcomes. Ah well, takes me back to those days writing economics essays. I just need to get Teardrop Explodes on Spotifiy and I can pretend am young again - pity the aching back brings me down to earth with reality. Cheers.