Yes very much so if you got one million borrowed say on 500 cows for example they then decide to go 700 to divide the borrowing against but they need more cubicles for example to do so have to borrow a bit more, still better off milking more but its not long before that's not enough cost have gone up.
Beef / Lamb & Pig Price Tracker
- Thread starter TFF
- Start date
livestock 1
Member
Then you expand a bit more to help increase the profits which is a need so borrow more then you have the banks attention and so the process keeps going
Yeah that's right, but I don't think some theses farm hold on to the profits it all goes to the bank...... And I guess there comes to point when is enough enough
- Location
- West Wales
A few big dairy farmers have told me this, “up to £1m I was worried, up to £2m I was very worried. Now I’m not worried” when asked why the reply is “when you pass £5m the only person that is worried is the bank manager”
Some of theses units have massive borrowing I have know Idea how or who is ever going to pay it off... Its mind blowing really, and how do you sleep at night.A few big dairy farmers have told me this, “up to £1m I was worried, up to £2m I was very worried. Now I’m not worried” when asked why the reply is “when you pass £5m the only person that is worried is the bank manager”
livestock 1
Member
Yes that’s usually because if they pull the plug the bank looses and writes it off as bad debt plus an agent for a bank might get sacked which then causes a catalyst reaction further up the layer cake so often easier to bung them some more money from time to timeA few big dairy farmers have told me this, “up to £1m I was worried, up to £2m I was very worried. Now I’m not worried” when asked why the reply is “when you pass £5m the only person that is worried is the bank manager”
- Location
- Cheshire
The same sorts all dived into free range eggs a few years ago when that was the new “it” thing. Over supplied the free range market and it went tatered. Then they jump ship, rip kit worth £xxxxx out and full it with pigs. There’s 5% more pigs in the country than last year due too the sows not being exported too Germany so they got served and kept. This leads too over supply of pigs which in a normal year would make the job a bit rocky. Couple that with the sh!t storm that is covid causing hell at the processors and you get where we are now.
I wonder what they will fill those sheds with next? 
- Location
- Cheshire
More money too be made clearing up the dead ones…
- Location
- West Wales
AD plants providing near free heat and electric exasperated the chicken business in both layers and broilers causing over supply problems, your not going to put in a 16k bird system when your already borrowed and have the electric and heat your going to go 32/64/80/96 bird systemsThe same sorts all dived into free range eggs a few years ago when that was the new “it” thing. Over supplied the free range market and it went tatered. Then they jump ship, rip kit worth £xxxxx out and full it with pigs. There’s 5% more pigs in the country than last year due too the sows not being exported too Germany so they got served and kept. This leads too over supply of pigs which in a normal year would make the job a bit rocky. Couple that with the sh!t storm that is covid causing hell at the processors and you get where we are now.
livestock 1
Member
Caravans hopefully keep the bloody things off the roads or stop them blowing away and it won’t bugger the sheep or beef job upThe same sorts all dived into free range eggs a few years ago when that was the new “it” thing. Over supplied the free range market and it went tatered. Then they jump ship, rip kit worth £xxxxx out and full it with pigs. There’s 5% more pigs in the country than last year due too the sows not being exported too Germany so they got served and kept. This leads too over supply of pigs which in a normal year would make the job a bit rocky. Couple that with the sh!t storm that is covid causing hell at the processors and you get where we are now.
Problem is working for someone else means you aren’t going to get back into it that easy unless you save up
When they sold the cattle or sheep they would get a nice cheque but if it wasn’t rolled over into something else the tax man would take a swipe out of it then there’s only a percentage of that money left to get back in plus stock has gone up a lot too
- Location
- Cheshire
Scanner man was talking too our kid while I was moving bunches around the yard tonight. “What are you lads going too do with all this fat sheep money you’re drawing?” Our kid replies perfectly deadpan “see that soft f*cker over there? Well He’s already planning on more sheep”
I near collapsed laughing.
I’m getting too predictable
Ceri
Member
livestock 1
Member
Well two lots of small profit is better than one !Scanner man was talking too our kid while I was moving bunches around the yard tonight. “What are you lads going too do with all this fat sheep money you’re drawing?” Our kid replies perfectly deadpan “see that soft f*cker over there? Well He’s already planning on more sheep”
I near collapsed laughing.
But I don’t need to tell you that
Greythundercloudys
Member
A farmer wins the lottery, friend asks what you going to do with that money, l, ll just farm away till it done, funny, but very true.
livestock 1
Member
I’ve heard that a few times yes
- Location
- Dumfries & Galloway
Living the dream!
Farming with "f**k-you" money. You have so much you owe nobody anything and can do/buy/spend exactly as you like
problem is cost of everything days you'd need to win £100mil on the Euro to do it
- Location
- Cheshire
And should I win the lottery that’s just what I intend too do!
new kit that works when I want it, do all those long term jobs too the farm I never quite get too!oh and employ someone so I can go shooting more than twice a season!
- Location
- West Wales
I don’t think there is many other lines of work where if someone won the lottery etc they’d keep doing the same job if not expand etc, if a builder or plumber or teacher won the lottery they would retire straight away. I think that’s what separate’s farmers from other professions
- Location
- West Wales
Do they get to keep the £100m on the Euro if they voted leaveLiving the dream!
Farming with "f**k-you" money. You have so much you owe nobody anything and can do/buy/spend exactly as you like
#boohiss - asking for a friend