50 billion remain bonus...

stewart

Member
Horticulture
Location
Bay of Plenty NZ
Only if you include overnight speculators in the calculations .. otherwise the £ didn't move much and over the year the £ had episodes where it was lower.

Of course the only reason the £ moved was currency speculators .. almost 4 years later the facts on the ground still do not justify any movement at all.
I agree currency speculators are a curse, perhaps to negate the hold they have we should have one single currency in some regions.
 

bobk

Member
Location
stafford
I agree currency speculators are a curse, perhaps to negate the hold they have we should have one single currency in some regions.
The depreciation in the £ has been a godsend , exporters are still in the game and imports are dwindling . opening up home grown markets
Do not be in any doubt Brexit is already happening .
 

glasshouse

Member
Location
lothians
Dropping 10c against the USD overnight. a further 10c over the next 6 months. The pundits do like to believe the pound is over valued, this is being ostrich like.
Any freely traded currency is worth what someone is willing to pay, speculators can influence this slightly although with a currency like the pound it is more difficult to move due to sheer volume.
The market is the market is the market. Or as Margaret Thatcher once said " Try to buck the market and it will buck you"
Thatcher bucked the market by imposing punitive interest rates on uk businesses in order to boost the pound
That ruined the country, and ultimeately her.
 

Muck Spreader

Member
Livestock Farmer
Location
Limousin
Forecasts have consistently shown that Brexit will hurt the economy, the harder the Brexit the worse it will be. So the flip side of that must be a remain bonus of some size. 50 billion is no doubt a bit toppy but this is modern politics.

Fifty billion maybe an underestimate if you look at the amount of foreign inward investment awaiting on the outcome. Does it end up going to the UK or EU.
 

rob1

Member
Location
wiltshire
Forecasts have consistently shown that Brexit will hurt the economy, the harder the Brexit the worse it will be. So the flip side of that must be a remain bonus of some size. 50 billion is no doubt a bit toppy but this is modern politics.
Forecasts that I looked at in Sept said it would be a dry autumn, experts said before the vote that a leave vote would lead to an immediate recession as they did when the tory/lib coalition set about reducing the deficit, they were all wrong so why is this one going to be right
 

czechmate

Member
Mixed Farmer
Forecasts that I looked at in Sept said it would be a dry autumn, experts said before the vote that a leave vote would lead to an immediate recession as they did when the tory/lib coalition set about reducing the deficit, they were all wrong so why is this one going to be right


I use weather forecasts all the time for hay making, harvesting, fert spreading, drilling, mucking out (frozen ground) etc etc etc. Mainly they are correct, so much so that when they are wrong the inconvenience really pisses me off. Being as you have so little faith, do you run your farming operations with seaweed or do you have a system better than the forecasts?
 
Forecasts that I looked at in Sept said it would be a dry autumn, experts said before the vote that a leave vote would lead to an immediate recession as they did when the tory/lib coalition set about reducing the deficit, they were all wrong so why is this one going to be right
You're right, experts know nothing. Don't know why we bother with them.
 

bobk

Member
Location
stafford
I use weather forecasts all the time for hay making, harvesting, fert spreading, drilling, mucking out (frozen ground) etc etc etc. Mainly they are correct, so much so that when they are wrong the inconvenience really pisses me off. Being as you have so little faith, do you run your farming operations with seaweed or do you have a system better than the forecasts?
Think UK weather is slightly more unpredictable than sunny france
 

graham99

Member
Define collaspe, its higher now than for long periods after the euro was established, its down aboout 10% now and against lots of other currencies its about 15%. Have a look at this piece from that well known unbiased organisation. https://fullfact.org/economy/exchange-rates-and-imf/
They say the IMF said it was overvalued by between 5 and 20 % before the vote, so according to those experts its not undervalued now by much if at all
and have a good look at who is trading pounds at the moement
 

rob1

Member
Location
wiltshire
You're right, experts know nothing. Don't know why we bother with them.
doctors, surgeons, engineers, mechanics etc usually are very good, funny how poor bankers, economists are though, especially the ones that dont put their own money where their mouth is, the difference between the two groups I mention is the first use their expertise to actually do a job that requires training and skill, a bit like farming, the second are mainly guessing, oops sorry forecasting what they think will happen, in many ways thats harder but of course its easy too, any one with any common sense could have said that the financial crash was going to happen, you just cant laon money to people that have no real hope of paying it back, thats why the clever ones sold the debts on(after of course disguising what sh!t they were), the hard part was saying when it would collapse, it is building again and maybe this time things will change. How many grain traders forecast the huge variation in wheat prices over the last seven years for instance
 

rob1

Member
Location
wiltshire
I use weather forecasts all the time for hay making, harvesting, fert spreading, drilling, mucking out (frozen ground) etc etc etc. Mainly they are correct, so much so that when they are wrong the inconvenience really pisses me off. Being as you have so little faith, do you run your farming operations with seaweed or do you have a system better than the forecasts?
summer 2017 the BBC were using met office forecast that said for weeks on end that the weather would turn for the better, it didnt, of course I have to rely on weather forecasts but do use my experience to judge whether to believe them or not, for instance when a big high pressure comes from the east in winter I know it will tend to last at least two weeks despite what the beeb tells me.
Just the same with financial forecasts when something looks too good to be true they usually are, I try to do the opposite to the herd
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 79 42.0%
  • Up to 25%

    Votes: 66 35.1%
  • 25-50%

    Votes: 30 16.0%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,291
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
Top