Another farmer co-op goes under

[warksfarmer]

Apparently Angus Cereals have gone today according to Twitter. 70 members, 20,000 tonnes and they’d all paid £60/t to get into it in the first place.

 

[Neddy flanders]

What on Earth are these people up to? How hard can it be to know your costs, purchase price and sale price? It's a simple calculation.

 

[Brisel]

Damn. Another one bites the dust.

I'll refrain from commenting further in case any of the members are in TFF too.

https://anguscereals.co.uk/
https://www.fwi.co.uk/business/farmer-owned-angus-cereals-administration

 

[Widgetone]

Sorry to see that.
Innocent question- in partnership with Openfield?

 

[BigBarl]

Sorry to see that.
Innocent question- in partnership with Openfield?

It says so on their website, looks like the openfield financial services director sits on their board plus their head of storage is listed on their key contacts page. Must have some link up with storage or something.

 

[An Gof]

It says so on their website, looks like the openfield financial services director sits on their board plus their head of storage is listed on their key contacts page. Must have some link up with storage or something.

Yes I also noticed that the Angus Board included some Openfield names and also some other well known, high profile, people.

 

[D14]

We had a letter from Openfield a couple of months ago basically begging us to use them for all our business. We don't even sell to them but the context of the letter was that of a worried company.

 

[An Gof]

We had a letter from Openfield a couple of months ago basically begging us to use them for all our business. We don't even sell to them but the context of the letter was that of a worried company.

Yes, the begging letter from Openfield wasn’t their finest moment. Would have been so much more positive to send a letter highlighting all the advantages they have and detail why they can give growers/members better returns than other merchants.

 

[D14]

Yes, the begging letter from Openfield wasn’t their finest moment. Would have been so much more positive to send a letter highlighting all the advantages they have and detail why they can give growers/members better returns than other merchants.

Somebody with no brain must of come up with that begging letter idea as its was extremely poor. I wouldn't dare use them now just in case something does happen. They ought to send another letter out retracting that one and saying the person who did it has been removed from their job. I can't recall whether it was signed by a senior person or not so I'll have to find it out and report back.

 

[T C]

Sorry to see that.
Innocent question- in partnership with Openfield?

My experience with openfield in Scotland was not great!

 

[An Gof]

Somebody with no brain must of come up with that begging letter idea as its was extremely poor. I wouldn't dare use them now just in case something does happen. They ought to send another letter out retracting that one and saying the person who did it has been removed from their job. I can't recall whether it was signed by a senior person or not so I'll have to find it out and report back.

If I remember correctly it was signed by the Chairman, Philip Moody.

 

[ollie989898]

We had a letter from Openfield a couple of months ago basically begging us to use them for all our business. We don't even sell to them but the context of the letter was that of a worried company.

What the fudge?

How to inspire confidence in customers 101....

 

[Brisel]

Openfield had a torrid time with another store in Scotland a few years ago. The manager went to Frontier quickly followed by the store’s marketing. Which one was that?

 

[An Gof]

Openfield had a torrid time with another store in Scotland a few years ago. The manager went to Frontier quickly followed by the store’s marketing. Which one was that?

Aberdeen grain and Bruce Ferguson

 

[An Gof]

Openfield had a torrid time with another store in Scotland a few years ago. The manager went to Frontier quickly followed by the store’s marketing. Which one was that?

So will it be better for Trinity Grain in your patch now?

 

[SilliamWhale]

Yes, the begging letter from Openfield wasn’t their finest moment. Would have been so much more positive to send a letter highlighting all the advantages they have and detail why they can give growers/members better returns than other merchants.

Can they?

 

[Phil P]

It seems funny they’ve managed to invest £7m over 7 years to end up in administration . Surely grain prices haven’t fluctuated that much that they couldn’t stick to a business plan?

Or is this another case of the directors screwing the company for as much as possible before jumping ship at the last minute?

 

[Brisel]

So will it be better for Trinity Grain in your patch now?

Never heard of them!

 

[SilliamWhale]

How many employees did those 70 members have to fund? Presumably they weren't getting much added value from them?

Would they have a good grant for the storage too?

 

[An Gof]

Never heard of them!

Amalgamation of Hampshire Grain, Wiltshire Grain and Ridgeway Grain

Guess you’re more Wessex/Cefetra homeland.