Olly it is very misleading to refer to Frontier as a "US owner multinational".... if you dont believe me and want evidence of that, just look at the comments on your Tweet and how it has been interpreted by the UK public. You have made the UK public believe that US imports are replacing UK...
Thank you for clarifying. I didn't realise the structure. Does anyone know which parts of the business are "Group" and which parts are "Ag"... e.g. which parts are profitable / not?
Clearly they are doing something right in the mix.
I have just read this and cant believe it! Regardless of opinions on Frontier or Openfield etc, Olly Harrison as a UK farmer should be ashamed of himself. He has let his poorly worded tweet get hijacked by misinformed people now looking to boycot Warburtons products as they think US GM wheat...
I was wrong ....Openfield did lose money. Looking on companies house at their most recent full accounts made up to 30th June 2019 (filed 31st May 2020). They made "A loss before tax of £2,767k"
That said you would never know...
@Hedger Could you share the Openfield results for this year, I thought they had made money (for a change) this year but I maybe wrong?
I feel sorry for their decline, they have some good Reps and have a place, but I can't see the rot stopping for them anytime soon....
Frontier are now responsible for marketing plenty of British farmer owned co-op members wheat... I would assume that this is good news for those co-op members?
Strange Openfield did not appear to be consulted in the decision.
Just seen this news on the Farmers Weekly website... More bad news for Openfield as they now lose their flagship contract to Frontier:
I was thinking earlier the reasons people deal with the grain merchants they do, obviously there are several different reasons but what is important to you:
Pay the best prices?
Supporting small local merchants?
Good relationship with local Rep?
Access to unique grain...
2017: Loss of £3.3 million
2016: Profit of £1.7 million
2015: Profit of £2.4 million*
2014: Loss of £4.2 million
*Note in 2015 Openfield sold the tonnage they owned at Camgrain , which contributed significantly to the...
I don't buy into this "big bad multinational" argument. Frontier are investing more in British Agriculture than any other merchant in the industry today, surely that is good for us all, regardless of the businesses parentage?!
As for Frontier controlling the market due to scale... again I don't...
For good order sake - you say "as an average".... that's not the same as a base price is it? If it therefore fair to assume that a Glencore harvest pool member in a lower valued part of the country (e.g East Anglia) would be getting a harvest pool result below your "average" £142.50 (wheat) and...
Sounds like a very strong result. Even being mindful the GrainCo base prices will always be higher that the merchants with East Anglian base prices (who then add on location premiums for the N.East / Yorkshire etc), but the GrainCo team seem to always produce consistent strong pool results.
The following are all ex farm harvest feed wheat base prices that I am aware of after doing some digging...
Not sure about the other merchants with grain pools but sure we will all find out soon.