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<blockquote data-quote="Chickcatcher" data-source="post: 5664948" data-attributes="member: 700"><p>[USER=74584]@Widgetone[/USER]</p><p> Sadly credit managment dosen't really come into what probably happened. Been here in the past,</p><p>You have at least chicks and feed, too aquire these will come to somewhere near £1.25 per bird</p><p>other costs about 15p per bird and a bird at the end will be a value to you of £1.57</p><p>So when your crop of birds leave the farm you expect to be paid say for 100,000 birds (quite a lot of farms are way bigger than this) £157,000 and owe or have a cost to you of £140,000 now with the best will in the "World" nobody I know is paid in advance of birds leaving the farm and probably most payments will be made after a period of time lets put that in as (in my instant) max 25 days min 19 days.</p><p>Now at 25 days you are well into the next crop cycle perhaps as much as 13 days, so cost have started again and probably stand at £55,000.</p><p>The day you are due payment dosen't happen so when your crop of birds totals 100,000 chicks your bills to be paid will total best part of £2 per bird, Ok so you still have chicks 13 days old and at this stage nowhere to go! this is on Max 25 day payment terms, Yes you could take out credit insurance I never have myself.</p><p>That my "boy" is how very quickly you can be owed a lot of money when somebody you have produced for over many years and had lots of contact with and better payment terms than most in the "Ag World" goes wrong or have in some circumstances accepted payment terms well into 45, 60, 90 or even 120 day payment terms.</p><p>These payment terms going out so long into the future are only allowing a business to abuse you and leave you high and dry. Do any of the real bosses forgo there weekly wages to as long as 90 days or even 45. No you will probably find they are paid even before there employees, any way ahead of you!</p></blockquote><p></p>
[QUOTE="Chickcatcher, post: 5664948, member: 700"] [USER=74584]@Widgetone[/USER] Sadly credit managment dosen't really come into what probably happened. Been here in the past, You have at least chicks and feed, too aquire these will come to somewhere near £1.25 per bird other costs about 15p per bird and a bird at the end will be a value to you of £1.57 So when your crop of birds leave the farm you expect to be paid say for 100,000 birds (quite a lot of farms are way bigger than this) £157,000 and owe or have a cost to you of £140,000 now with the best will in the "World" nobody I know is paid in advance of birds leaving the farm and probably most payments will be made after a period of time lets put that in as (in my instant) max 25 days min 19 days. Now at 25 days you are well into the next crop cycle perhaps as much as 13 days, so cost have started again and probably stand at £55,000. The day you are due payment dosen't happen so when your crop of birds totals 100,000 chicks your bills to be paid will total best part of £2 per bird, Ok so you still have chicks 13 days old and at this stage nowhere to go! this is on Max 25 day payment terms, Yes you could take out credit insurance I never have myself. That my "boy" is how very quickly you can be owed a lot of money when somebody you have produced for over many years and had lots of contact with and better payment terms than most in the "Ag World" goes wrong or have in some circumstances accepted payment terms well into 45, 60, 90 or even 120 day payment terms. These payment terms going out so long into the future are only allowing a business to abuse you and leave you high and dry. Do any of the real bosses forgo there weekly wages to as long as 90 days or even 45. No you will probably find they are paid even before there employees, any way ahead of you! [/QUOTE]
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