Beeston Market

[2YardOfLard]

North Pennines

and does that cooperative and awarding a contract system seem to work ok there? Just asking to compare with what happens in Oban.

 

[Exfarmer]

To be fair some auctioneers have offered finance to purchasers since the year zilch. However it is a completely different service to offering credit at the expense of sellers.

 

[livestock 1]

and does that cooperative and awarding a contract system seem to work ok there? Just asking to compare with what happens in Oban.

It works ok thus far. Only problem is that it’s a small mart so there’s not much lease money per director by the time it’s all shared out. Then there’s the attraction of the value of the auction for planning. Not sure if that could happen while it’s a used amenity that is viable. It will be something that will keep cropping up in the future though.

 

[Willie adie]

Even though UA operate the sales the yard staff kept on from the previous regime with a few UA boys if there is a shortage.

 

[ollie989898]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

 

[Dr. Alkathene]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

It strikes me as being a bit like banking. Take deposits, make loans and make a profit from the different rates and fees charged. A bit like banking it attracts shysters and the cleverer you try to be, the bigger the hole you can end up digging.....

 

[livestock 1]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

We often think of selling through markets as a safety net for getting the money. Some of the transactions we do at markets to buyers we would never dare do directly fo fear of not getting paid.

 

[Norfolk Hill Farmer]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

Too many overheads compared to income, probably not enough through put to cover running costs, perhaps some bad debt against them. There are several reasons, some fair ,some fowl.

 

[Fossil]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

If only it were that simple. Most abattoirs and wholesalers will be on three weeks credit. You are 4 weeks in before you know something is wrong. Then if you pull the plug and another supplier does not they get paid that week rather than you. Do the math how far you are in if someone buys 12 cattle and 50 lambs a week from you.

 

[Steevo]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

You’d think so...!

A shed company went bust recently...they took orders for sheds, then outsourced the production and also erecting it. Still didn’t stop it happening.

 

[ollie989898]

You’d think so...!

A shed company went bust recently...they took orders for sheds, then outsourced the production and also erecting it. Still didn’t stop it happening.

Ah, the oldest trick in the book, a shed company that you pay for sheds but it doesn't build, manufacture or erect sheds...

 

[ollie989898]

If only it were that simple. Most abattoirs and wholesalers will be on three weeks credit. You are 4 weeks in before you know something is wrong. Then if you pull the plug and another supplier does not they get paid that week rather than you. Do the math how far you are in if someone buys 12 cattle and 50 lambs a week from you.

12 cattle and 50 lambs a week. Times 4 weeks.

So, all told, after fees and deductions and a tenner for the drovers, about £0.14?

Too many folk about who can't lie even lie in bed straight at night.

 

[Fossil]

So, all told, after fees and deductions and a tenner for the drovers, about £0.14?

Too many folk about who can't lie even lie in bed straight at night.[/QUOTE]

Sometimes not intentional, which I assume is what you mean. The money is on a long chain of credit from the kebab van to the market. Wrong person goes down or disappears and he can take everyone behind him with him..

It’s only when the tide goes out that you see who is swimming naked.

 

[Princess Pooper]

I have never had much to do with markets but how in the fudge do you get into such grief running one. Surely they charge a fee per beast sold, and that's your lot? Money is taken from the buyer and given to the seller with the fee deducted, no?

I just don't understand how anyone can fudge something up that should be quite simple?

Commission needs to be set at a rate to cover the cost of the market. If you have a big drop in animals coming or do your sums wrong through then your income falls.

 

[ollie989898]

Commission needs to be set at a rate to cover the cost of the market. If you have a big drop in animals coming or do your sums wrong through then your income falls.

Absolutely it does, charge a commission for selling those animals that covers your overheads and leaves a profit, straight out of GCSE business studies. Yet that kind of thinking doesn't seem to have been in play here?

 

[livestock 1]

Absolutely it does, charge a commission for selling those animals that covers your overheads and leaves a profit, straight out of GCSE business studies. Yet that kind of thinking doesn't seem to have been in play here?

I’m fairly sure it will be bad dept to blame. Or non payers

 

[ollie989898]

I’m fairly sure it will be bad dept to blame. Or non payers

Unfortunately there is a portion of that about in the industry although I dare say there probably always has been.

 

[DRC]

We often think of selling through markets as a safety net for getting the money. Some of the transactions we do at markets to buyers we would never dare do directly fo fear of not getting paid.

That’s where BACS and telephone banking is good, as if selling privately , you can insist on the money before the stock leave the farm.

 

[ollie989898]

That’s where BACS and telephone banking is good, as if selling privately , you can insist on the money before the stock leave the farm.

In this day and age, money can go from one bank account to another in seconds and you would think that would be the de facto method of payment really. This 3 weeks owed by someone who is owning 3 weeks to someone else for 3 weeks and so on makes money for bankers as far as I can see.

 

[Fossil]

Absolutely it does, charge a commission for selling those animals that covers your overheads and leaves a profit, straight out of GCSE business studies. Yet that kind of thinking doesn't seem to have been in play here?

You can do all the math in the world but if you are working on a tiny margin on turnover and take a bad debt it can finish you however well the business is run