£200/t wheat ...

ajd132

Member
Arable Farmer
Location
Suffolk
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.
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.
 

farmerm

Member
Location
Shropshire
plenty mining, oil and gas companies have done ok as primary producers

our issue is we are price takers not price makers
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....
 

Exfarmer

Member
Location
Bury St Edmunds
So my take on the 2.8% inflation rate is that farmers , or at least wheat grower are doing bloody well, if the average price 2 years ago was £140 a tonne and it is now £200 that is a 20% increase annually what are you moaning about?
Having been in the game and earning near £140 in the 1990’s then yes I do know the problem😉
 

farenheit

Member
Location
Midlands
The margins in farming right now are far better than oil. Your just not big enough.
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.
 

oil barron

Member
Location
Aberdeenshire
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.
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.
 

Hindsight

Member
Location
Lincolnshire
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.

Now Adam that is the best bit of information to come out of this thread and TFF for some time. Look after that - legend. And allows me to post something more interesting than wheat at £200. Teardrop Explodes and 'Reward'. Goodness this takes me back. Enjoy.

 

Hindsight

Member
Location
Lincolnshire
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

Bless my cotton socks, indeed. A very colourful character. Now Adam has brought his name to the fore I must this winter in the long dark evenings have a read of some of his books. Alongside books on Soil and Soil Health! Best wishes.
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 80 42.1%
  • Up to 25%

    Votes: 67 35.3%
  • 25-50%

    Votes: 30 15.8%
  • 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

  • 1,294
  • 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/
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