Booked in winter feed too early...with hindsight,doh!

[itmustshine]

As the feed market appears to collapse I've booked in an allocation of blend for the winter at a price a tad higher than at moment(did it back in May/June), got a feeling it'll be tumbling in a month or two. I've not actually signed anything, do I put as much pressure as possible on re negotiating price?

 

[Thick Farmer]

I think you have a verbal agreement. Ask yourself what would happen if the situation was reversed.

 

[SilliamWhale]

That's @Thick Farmer's way of saying f**k em and buy from elsewhere!

 

[Headless chicken]

So many variables. If you've been with them for years and you get on well with the rep try asking to meet half way. But ultimately that's the whole idea of a contract you win some and loose some.

 

[Hampton]

I agree with thick farmer.
Suck it up and put it down to experience.

 

[Wooly]

Your word should be your bond.

A very poor job if you renade on the deal.......you wouldn't be doing a deal with me ever again if you didn't honour a gentleman's agreement!

 

[DieselRob]

If the prices had gone the other way you wouldn't let the supplier jib out, that's business you can't get it right everytime

 

[itmustshine]

Cheers guys, I wasn't going to jib, just need as best a price as possible next time. And I still need sortin for something to give heifers with silage for winter, and prob molasses as silage is low in sugars, just wanting some leverage! Like everyone, I like to get a good deal. But can't be right all the time! thanks

 

[Princess Pooper]

Many feed merchants would buy their cover forward based on the orders they had coming in so they may well be locked into higher prices too. You made the deal, stick with it, as others have said, if it was the other way round you wouldn't be complaining .... unless the feed chap suddenly turned round and charged you more of course!

 

[crazy_bull]

I think you have a verbal agreement. Ask yourself what would happen if the situation was reversed.

Seem to remember you suggesting that cancelling a fert order if the price went against you was acceptable, is feed different.