Auctioneers Refuse To Take Abbatoir Bids?

Moors Lad

Member
Location
N Yorks
Not sure if this is entirely correct - others may know more about it - but it appears that it is a protest against low deadweight prices for lambs recently. It may also be good PR for the auctioneers involved.
I just have a feeling it is more to do with the said buyer being short of funds..;););)
 

som farmer

Member
Livestock Farmer
Location
somerset
local mart sacked/asked to leave, a good auctioneer/fieldsman, a while back, for extending credit to 1 major buyer, after he had reached his limit, at the time I thought it was a bit hard, the chap was really good, and he was offered a sim job elsewhere, very quickly. With hindsight, the mart's action was correct. I know credit was taken, and misused in marts, but hearing what some marts are owed by farmers, let alone the fat buyers, the time has come to sort the whole job out, and it needs to be, if the marts disappear, as the s/mkts would like, we would end up being shafted.
 

yellowbelly

Member
Livestock Farmer
Location
N.Lincs
If any buyer doesn't have the credit facility to pay on the day , via bank or wherever , then the auctions should / must 'stop' them ...
Most of the big buyers will have about two weeks credit - i.e. they pay for today's in two weeks time, so say a buyer takes 1000 a week @ £100 (for easy reckoning) by the time he pays, he owes the mart £200,000.

That's why, when they go 'wrong', they've racked up such big debts.
 

Hfd Cattle

Member
Mixed Farmer
Location
Hereford
I think the marts all want to slowly shift to pay on the day before stock are loaded.
It that is the case then they need to get more cashiers on the desk . Nothing worse than going to pay and there is a queue of 20 plus waiting and you need to get loaded up and gone . There is also the problem of bounced cheques !
I fail to understand why some still insist on paying by cheque when it's so much easier and quicker to pay by card .
Also if the markets switch to 'pay on the day' then they should also do the same . I can understand them not wanting to pay out on the day to vendors who may have a debt on the books but there is no reason why vendors with a clear account can't have a bacs payment at the end of the day.
 

som farmer

Member
Livestock Farmer
Location
somerset
Some still do ? e.g. Selby, Newark.

With the closure of market town banks, some will ask you, "if you want any of it in cash?"
Sturminster newton used to pay some in cash, till HMS tax boys started looking, went from 1000's to 0 in a few weeks.. Marts like to pay by cheque, instead of bacs, by the time it ends up in frms accounts, they have 'gained' another couple of days, in which time any rubber cheques will be known, a few 'late' payers, will have paid, etc, good housekeeping by the mart.
 

som farmer

Member
Livestock Farmer
Location
somerset
still better than waiting 3 weeks for the big processors to cough up though. AND you have the option to say "not taking that, they are going home" it's worth a lot! ?
sent 3 barreners on 2 wks ago, as tb straight to abattoir, a case of finding out that, after 50 years of dairying, I can't judge the weight of cows , 1 was fair price, 1 was £200 shy, and the last one, we were absolutely shafted, not on p/kg, which showed she was good meat, but on weight , big hol, which I put at 700/7500 kg live, calved 8 mnth, not I/c, and been inside, on a ration, 230 kg dead. And you can't complain. Payment in 5 days though, so better than some.
 

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