Large grain merchant gone under.

betweenthelines · May 13, 2021

Northern Rock Building Society?

RBS is still there because the taxpayer bailed them out-can't see the Treasury getting worked up about a Scottish grain merchant- Boris will blame Sturgeon

puppet · May 13, 2021

Chae1 said:
I contacted them this morning. They don't offer credit insurance.

Do you or does anyone else recommend anyone to use for credit insurance?

Greenshill Capital were supposed to be good

Farma Parma · May 13, 2021

ano

Hilly said:
Sheep !!! For sure , seen the price of a thresher ? can market sheep 7 days a week 52 weeks if the year with no contract try that with arable

Thats what a good neighbour of mine always says you have something too sell 52 weeks of the year
thats all well n good but you have to work or do something with them all of them same weeks of the year no matter what the weather is doing.
No thanks i'll take the Arable Option i often remind him

He might ring up on a poor weather day & its alright for your Barley Barrons tucked away under cover

Hilly · May 13, 2021

Farma Parma said:
ano

Thats what a good neighbour of mine always says you have something too sell 52 weeks of the year
thats all well n good but you have to work or do something with them all of them same weeks of the year no matter what the weather is doing.
No thanks i'll take the Arable Option i often remind him
He might ring up on a poor weather day & its alright for your Barley Barrons tucked away under cover

All depends on what ya like !

glasshouse · May 13, 2021

puppet said:
Greenshill Capital were supposed to be good

So was bernie madoff
Lehman bros
Etc etc

Hay Hoe Lets Mow · May 13, 2021

What is everyone hearing about the Inglis demise... usually plenty of rumour and conjecture when this happens. The press reports makes it look like a managed withdrawal, but I am not so sure....

How much money is involved?
Are many farmers owed money?
Which other merchants are involved?
Any supply industry impacted?
Reasons for the demise?
Etc etc

Chae1 · May 13, 2021

Hay Hoe Lets Mow said:
What is everyone hearing about the Inglis demise... usually plenty of rumour and conjecture when this happens. The press reports makes it look like a managed withdrawal, but I am not so sure....

How much money is involved?
Are many farmers owed money?
Which other merchants are involved?
Any supply industry impacted?
Reasons for the demise?
Etc etc

Why are you so concerned?

So much people only on here for gossip.

Ask on Facebook.

Hay Hoe Lets Mow · May 13, 2021

Dare I say that it is far more interesting than another thread moaning about the malting barley industry in Scotland...

I am interested because there is obviously no hard facts yet (although they will all subsequently be known), but bits of info usually get out and circulate. I would assume knowing the potential impact is of interest to those on the forum including myself.

Frodo · May 13, 2021

Chae1 said:
Why are you so concerned?

So much people only on here for gossip.

Ask on Facebook.

It would be useful to learn, so we can adapt our businesses.

I have supplied them in the past, but due to other factors not this year.

Like you it’s made me wonder about credit insurance. If a company which seems sound and every press report I have read is positive can go bust maybe we should be more concerned. Spreading risk by using different customers is easier said than done.

Chae1 · May 13, 2021

Frodo said:
It would be useful to learn, so we can adapt our businesses.

I have supplied them in the past, but due to other factors not this year.

Like you it’s made me wonder about credit insurance. If a company which seems sound and every press report I have read is positive can go bust maybe we should be more concerned. Spreading risk by using different customers is easier said than done.

Why do you trade 4-500,000 tons of cereals per year also?

Personally I can't see what I can learn from there demise and what I would learn from finding out who they are owe money to and how much.

Chae1 · May 13, 2021

Hay Hoe Lets Mow said:
Dare I say that it is far more interesting than another thread moaning about the malting barley industry in Scotland...

I am interested because there is obviously no hard facts yet (although they will all subsequently be known), but bits of info usually get out and circulate. I would assume knowing the potential impact is of interest to those on the forum including myself.

Are you involved in grain trading industry?

Seems to be only threads you ever comment on.

fieldfarmer · May 13, 2021

Chae1 said:
Why do you trade 4-500,000 tons of cereals per year also?

Personally I can't see what I can learn from there demise and what I would learn from finding out who they are owe money to and how much.

This whole forum to me is about sharing information and learning, maybe iv got it wrong, sounds like you're taking it personally.

Hay Hoe Lets Mow · May 13, 2021

Chae1 said:
Are you involved in grain trading industry?

Seems to be only threads you ever comment on.

Yes I am an Agent buying grain for several different merchants as well as having my own small holding.

Not sure why that impacts my questions but alas.. if you are not interested fine others including me are!

farmerm · May 13, 2021

Steakeater said:
Why anyone would sell their produce to anything other than a blue chip company is beyond me? Companies such as Viterra (Glencore), Frontier, Saxon (Graincorp) & ADM for instance.

Using OSR as an example, an extra £1 per tonne equates to £29 per lorry load. However each lorry load is worth about £14500 today including oil bonuses!

So many risking huge sums of money and potentially their farm and family's livelihood for £29 gain! So about half a tank of petrol! Madness

Ironically I believe the opposite. There is far too much concentration of the market in the hands of too few players, that is a far greater threat to the sustainability of our businesses than loosing a load of grain and besides, no business is ever too big to fail!

Barleymow · May 13, 2021

Hay Hoe Lets Mow said:
Yes I am an Agent buying grain for several different merchants as well as having my own small holding.

Not sure why that impacts my questions but alas.. if you are not interested fine others including me are!

Will you purchase non assured grain

Chae1 · May 13, 2021

fieldfarmer said:
This whole forum to me is about sharing information and learning, maybe iv got it wrong, sounds like you're taking it personally.

Yes your right, I just don't like gossip and speculation. The truth will come out in the fullness of time.

I am a bit annoyed about some of the rumours that were being spread round the countryside by other merchants the day before the demise of Inglis became official. Guess that says more about the individuals involved than the company's they represent.

As for the forum being about sharing information and learning the individual asking all the questions above hasn't contributed anything to the forum apart from threads on companies going bust. Maybe that's there specialist subject though.

Hay Hoe Lets Mow · May 13, 2021

Barleymow said:
Will you purchase non assured grain

I do from time to time but only now have a couple of non assured customers, it is definately getting more difficult to sell. Usually any non assured is purchased and sold to go on to non assured vessels as and when merchants are loading them.

puppet · May 13, 2021

Hay Hoe Lets Mow said:
I do from time to time but only now have a couple of non assured customers, it is definately getting more difficult to sell.

Hay Hoe

Mother of God, I arrested the wrong H.

Barleymow · May 13, 2021

Hay Hoe Lets Mow said:
I do from time to time but only now have a couple of non assured customers, it is definately getting more difficult to sell. Usually any non assured is purchased and sold to go on to non assured vessels as and when merchants are loading them.

@Clive

Hay Hoe Lets Mow · May 13, 2021

Not true.... Yes I am interested in the grain trade because of my job but still not sure why that is a problem to anyone?

I do not know any facts around Inglis, hence asking if anyone had any information. Of course that information may not be fact in the fullness of time but I personally am interested.... it's not everyday a major grain merchant goes into administration (thankfully)!!

I can respect your opinion that it maybe unhelpful to speculate (although I can't see any harm as long as everyone is aware it is only speculation) so will leave it there.

Large grain merchant gone under.

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100% I’ve had enough of farming!

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