- Location
- Left in the middle of nowhere
The average price of wheat in 1980 was £105/tonne which would be worth £397.12 today, which means a grain store isn't the best bank account all of the time.......
Or 140 ft of batten against 100 ft today for a tonne of wheat.The OP is saying what a farce the official inflation figure is.
A couple of years ago when Wheat was £140/t you could of bought for example 50 bags of cement, today a ton of wheat (£200) would buy you approx. 40 bags of cement.
OPEC also had fairly flat oil prices from the late 1970s until Saddam Hussein marched into Kuwait. Thanks to OPEC, we had North Sea oil, tar sands in Canada, biofuels and USA is now the biggest oil producer in the world. They also struggle to agree with each other now the likes of Russia and Venezuela are in OPEC+.yes - they even have cartels (opec) to make sure of that
£200 is nothing to write home about.
Ever met any actual farmers?Never thought i'd be reading about people complaining about getting paid £200 for a tonne of feed wheat...
You come across as bitter? Why?Seems 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...
How many people have actually sold wheat at £200? Forward feed prices nowhere near. You lot as bad as land agentsNever thought i'd be reading about people complaining about getting paid £200 for a tonne of feed wheat...
When I went away to school aged 13, a 29 t lorry load would have paid a years fees. Even with wheat at £200/t it would take nearer seven lorries today. That’s how poor farming has become.The OP is saying what a farce the official inflation figure is.
A couple of years ago when Wheat was £140/t you could of bought for example 50 bags of cement, today a ton of wheat (£200) would buy you approx. 40 bags of cement.
Too right. They seemed to be bunged out with poor quality wheat of low bushel weight. So slow movement to limited number of more forgiving homes, no export boats and some hefty deductions. Yes better prices are welcome but it’s hardly a bonanza here.How many people have actually sold wheat at £200? Forward feed prices nowhere near. You lot as bad as land agents
yes - they even have cartels (opec) to make sure of that
Ever met any actual farmers?
How many people have actually sold wheat at £200? Forward feed prices nowhere near.
Correct, me neither and I have a degree in Economics.Anyone else understand how £200 /t wheat buys £140 wheat two years ago?
Yeah but you haven’t factored in the bag of cement!!Correct, me neither and I have a degree in Economics.
It works out at £189 a tonne...
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In that case then the wheat price is probably minus hahaYeah but you haven’t factored in the bag of cement!!
I think that the OP was making the point that a ton of wheat at £200 today buys less general inputs than a ton at £140 two years agoCorrect, me neither and I have a degree in Economics.
It works out at £189 a tonne...
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I agree with that but he uses 2.8% as his yardstick.I think that the OP was making the point that a ton of wheat at £200 today buys less general inputs than a ton at £140 two years ago
I think he was making the point that "official" inflation figure is 2.8% which is clearly not the case with many non domestic itemsI agree with that but he uses 2.8% as his yardstick.
Agree ag inputs are certainly going up by more than 2.8%... unfortunately
A lot more beer thoughI think that the OP was making the point that a ton of wheat at £200 today buys less general inputs than a ton at £140 two years ago