Why is there a price difference between new and secondhand space surely the space is the space and If depreciation is included in The annual charge should be the same. Also are you buying into the freehold of the site or is that just rented?
Fengrain Storage (275t) available to buy at a discounted price
- Thread starter TBF
- Start date
It depends on how you look at it - the store accounts won't show changes in what it cost members to buy or sell. As a potential buyer, yes, you'd have to bear in mind the loss in capital value if you bought in at £110/t and sold later at £75 as well as the store operating charge.
Spot on, wet harvests uplift that can’t be achieved on farm can soon pay for a whole run of dry ones.
Speculating into the future, as supply chains solidify. Who are the processors, millers, malsters etc going to want to deal with? A high spec central store offering large volumes on exact spec for every load Vendor assured or trying to deal with varying quality loads through merchants from Hundreds of different farm grain stores.
I get if you are growing feed grains it probably isn’t worth it. But I don’t want to be growing feed grains.
Remember the tax differences between new and old.
@static mentioned this, can you explain please?
Agreed - it's an allowable loss, as is all your investment in CS, unlike putting up your own buildings where you only get the capital allowance.
Someone more qualified than me should explain I don’t want to get it wrong. Perhaps @Woldgrain Storage can help
Grain storage - Rewards in store?
Britain’s largest farmer-owned grain storage co-operative Camgrain has completed an internal review and picked up an industry award for its efforts. CPM visits to assess the benefits it claims to bring to its members. We have the facilities to blend our intake to the exact specification...
www.cpm-magazine.co.uk
- Location
- Bedfordshire
I'm glad you are 100% confident in Camgrain.
They have obviously never put a foot wrong and never will, at least in your eyes.
Not at all, farmer members like me are always questioning and holding the management accountable for the running of our store. As a business model I am confident in it.
you’ve been offered the opportunity to go and meet the ceo, learn about the structure of the business and how it safeguards members interests, see the accounts and the regular external financial audits. Go and do that and then you can start making up speculative mis-information when you know the facts.
- Location
- Bedfordshire
Not if the receivers are running it I bet. Gates would be firmly locked.
- Location
- Bedfordshire
What speculative misinformation have I made up? When you have found it then accuse me.
You have said things without knowing the facts of the business.
I’d be more worried if my grain was in a commercial store owned by a single farm business
- Location
- Bedfordshire
I have just reviewed every post of mine on this thread. I have made general comments about CS membership and spoken about what I have done on my farm.
I HAVE NOT given any misinformation about Camgrain. I have tongue in cheek misquoted you, I have called them Congrain, but I have not given any misinformation about Camgrain. Please withdraw your comment.
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Apologies if it wasn’t you, there has been comparisons made with stores that have gone bust through various trading problems which cannot happen with Camgrain as it does not trade grain.
- Location
- Bedfordshire
Probably. But I'm trying to think of a commercial store that has gone bust, and I can't think of any, but no doubt someone will know of one.
- Location
- Bedfordshire
Apology accepted.
Have a look at the Wellgrain threads. Lots of growers putting grain into store with them didn't get their grain back out when the business went bust, though I don't remember seeing any contracts that would have covered who owned the grain at the time. Wellgrain was a merchant with third party storage as a service for its customers. Most of the merchants will rent stores like Clive's so when a farmer says I need storage but don't want to sell it yet they have the means to offer that service.