You’ll have to hope it doesn’t go off though!At this rate, if I buy a pallet of cement and a farm, in 40 years the pallet of cement can be sold to pay off the mortgage...
You’ll have to hope it doesn’t go off though!At this rate, if I buy a pallet of cement and a farm, in 40 years the pallet of cement can be sold to pay off the mortgage...
Off topic but I actually have a part of one of Julian copes bass guitars when he had a complete meltdown at latitude about 10 years and smashed it up.Yes, and as publicly quoted businesses have to perform financially with returns over the longer term. Been very few publicly quoted farming businesses and those that have have not lasted very long on the stock market. Your quote explains why. Many, many farms, and with different financial objectives, or actually acceptance of financial outcomes. Ah well, takes me back to those days writing economics essays. I just need to get Teardrop Explodes on Spotifiy and I can pretend am young again - pity the aching back brings me down to earth with reality. Cheers.
The issue of price taking is compounded by it being too easy and too cheap to import foodstuffs from anywhere and everywhere and give them free certification as being fit for UK consumption, even when produced using methods and means that are completely (and in many cases rightly) illegal here....plenty mining, oil and gas companies have done ok as primary producers
our issue is we are price takers not price makers
Great, so the things I spend the least on have fallen but the things I spend the most on like fert and fuel have rocketed..Clothing down a lot
Well things increase in price, but that isn't inflation, that's just price rises and supply/demand. Inflation is a macro-level increase.Great, so the things I spend the least on have fallen but the things I spend the most on like fert and fuel have rocketed..
The margins in farming right now are far better than oil. Your just not big enough.plenty mining, oil and gas companies have done ok as primary producers
our issue is we are price takers not price makers
Exactly. Imagine that you bought 50,000 acres of land with the hope that perhaps a magic half an acre would give you 100,000 tons of wheat per year. You'd think it was a hell of a risk with a small likelihood of finding it. But your neighbour may have some new technology which allows him to narrow that area down to 1000 acres. He gets lots of funding from investors so he starts to buy lots of land. But it's still a huge risk. So very few farmers end up doing it. But there is always a demand for this wheat, so those that do can get huge paydays. That's essentially oil. It's much much harder than growing wheat.The margins in farming right now are far better than oil. Your just not big enough.
That’s wild catting. Even if you have an established oil field just now, unless it is light sweet that can flow all the way to the loading station without pumping it’s not really that great of a margin business. Shale is a bit of a Ponzi scheme really.Exactly. Imagine that you bought 50,000 acres of land with the hope that perhaps a magic half an acre would give you 100,000 tons of wheat per year. You'd think it was a hell of a risk with a small likelihood of finding it. But your neighbour may have some new technology which allows him to narrow that area down to 1000 acres. He gets lots of funding from investors so he starts to buy lots of land. But it's still a huge risk. So very few farmers end up doing it. But there is always a demand for this wheat, so those that do can get huge paydays. That's essentially oil. It's much much harder than growing wheat.
Off topic but I actually have a part of one of Julian copes bass guitars when he had a complete meltdown at latitude about 10 years and smashed it up.
Grandfather rights or no new courses available to get a ticket now!?Now that does take me back in time! No, my aching back results from being the unfortunate operator of a fork as I test dig potatoes prior to flailing off. Seems I have a certificate to use a fork and no one else possesses one!!
Grandfather rights or no new courses available to get a ticket now!?
Thanks for that Hindsight. Think Cope's a crop circle obsessive now isn't he?
Bless my cotton socks, I'll answer your other question later
Inputs wont dropThe question is what will wheat be next year and will our costs go back down?
Is there a ceremonial fork?Bit of both I think. I await appropriate certification becoming a Red Tractor standard under Assured Produce when it comes to test digging spuds.
Is there a ceremonial fork?
plenty mining, oil and gas companies have done ok as primary producers
our issue is we are price takers not price makers