lloyd
Member
- Location
- Herefordshire
Any prices today on AN?
There would be a big back lash from farmers who have wheat sold not collected at £100 ton below spot, they will be canceled to retaliate.is any one worried about fert they have on order being cancelled by the suppliers??
Don't really work like that .There would be a big back lash from farmers who have wheat sold not collected at £100 ton below spot, they will be canceled to retaliate.
Phoned first thing and was told all books closed, he did say there was some Pulan floating around yesterday @£690/t but wasnt sure if it had all gone. Just after a load for 23 harvestAny prices today on AN?
How long will broiler chickens be produced en masse though. Feed hikes will start to hurt.
Not to argue, but, you've took delivery of the sprays so yes you would ow for it, what's the difference to fert in stock in a yard too wheat in stock in my shed surely they have a contract for the manufacturer to supply and if it is physically sat there where's the force majeure?Don't really work like that .
They will claim force majeure for the fertilizer and buy in against you for the grain.
Recently had a big cheque bounce from our grain buyers but still owe them for next year's sprays.
Legal advice was - pay for the sprays and, if necessary, join the long list of creditors.
Good point.Not to argue, but, you've took delivery of the sprays so yes you would ow for it, what's the difference to fert in stock in a yard too wheat in stock in my shed surely they have a contract for the manufacturer to supply and if it is physically sat there where's the force majeure?
True, I'm talking about a few loads of very well bought liquid so that might be more difficult again however.Good point.
The difference is that a tonnage of your grain sold forward can more easily be identified than a tonnage of fetilizer which may not actually have been manufactured yet - not much lying in yards.
can I ask which company is that?.pm me if you preferDon't really work like that .
They will claim force majeure for the fertilizer and buy in against you for the grain.
Recently had a big cheque bounce from our grain buyers but still owe them for next year's sprays.
Legal advice was - pay for the sprays and, if necessary, join the long list of creditors.
One thing I was told by our long retired accountant the first time i went to an annual accounts review was never do contras, with limited companies in particular, for exactly this reason. Sorry it’s happened to youDon't really work like that .
They will claim force majeure for the fertilizer and buy in against you for the grain.
Recently had a big cheque bounce from our grain buyers but still owe them for next year's sprays.
Legal advice was - pay for the sprays and, if necessary, join the long list of creditors.
You can ask - but I'm not telling because it would inevitably cause an immediate meltdown which might yet still be avoided to the benefit of customers and suppliers, alike.can I ask which company is that?.pm me if you prefer
Kenneth Wilson (Anglia) packed up in the late 80’s, early 90’s. It was owned by the Argentinian Bunge family. One of the sons was kidnapping and it was on record that to get him back, the largest ransom ever had to be paid.You can ask - but I'm not telling because it would inevitably cause an immediate meltdown which might yet still be avoided to the benefit of customers and suppliers, alike.
This sudden doubling of the capital required to engage in agricultural activities last occurred in the 70s.
It then resulted in major failures, of which the biggest was probably Kenneth Wilsons, whose MD, George Semper, kept selling wheat futures at £30/ton expecting to be able to buy in at harvest for £20 (£250 in todays money) but actually having to pay up to £48 (£600)..
There were similar failures in the livestock sector - locally here, Hatherleigh Market and North Devon Meat.
Sadly, many farm businesses were ruined as a result.
Couple of things one can usefully do - first spend a couple of quid at companies house to get hold of your counterparty's balance sheet.
Or second, get a quote on credit risk from an invoice factor - 0.01% is good, 10% not so good.
https://www.gov.uk/get-information-about-a-company
Thought that you would not be keen to name names. Hope you get your money okay.You can ask - but I'm not telling because it would inevitably cause an immediate meltdown which might yet still be avoided to the benefit of customers and suppliers, alike.
This sudden doubling of the capital required to engage in agricultural activities last occurred in the 70s.
It then resulted in major failures, of which the biggest was probably Kenneth Wilsons, whose MD, George Semper, kept selling wheat futures at £30/ton expecting to be able to buy in at harvest for £20 (£250 in todays money) but actually having to pay up to £48 (£600)..
There were similar failures in the livestock sector - locally here, Hatherleigh Market and North Devon Meat.
Sadly, many farm businesses were ruined as a result.
Couple of things one can usefully do - first, spend a couple of quid at companies house to get hold of your counterparty's balance sheet.
Or, more deviously, get a free quote on credit risk from an invoice factor - 0.01% is good, 10% not so good.
https://www.gov.uk/get-information-about-a-company
Bunge here are a massive canola crusher. Where I take mine is huge and the amount they take each day is staggering. They draw from a vast area judging by the name and location on the trucks there. Fir me it’s 85 miles away and ill pass four other places that will buy to get there.Kenneth Wilson (Anglia) packed up in the late 80’s, early 90’s. It was owned by the Argentinian Bunge family. One of the sons was kidnapping and it was on record that to get him back, the largest ransom ever had to be paid.
This was cited as the main reason why they stopped trading.
Most of the KW staff went on to form their own very successful companies. John Hardy and Eric Havers went on to form Grainseed Ltd. The two Desborough brothers, formed their own company Desborough Grain at Kings Lynn, which was itself eventually bought out. The fertiliser guy (can’t remember his name) went on to form his own successful company near Southampton. Many of the Agronomists went on to work for the Brown Butlin group, who are now Hutchinsons.
Two other names I remember well, were John Mawford who lived at Pakenham just outside Bury St. Edmunds and Rolland Mallet, who lived in a house on Oliver Walston’s farm.
The name Kenneth Wilson did carry on for a while after their grain, fertiliser and agchem ceased trade. It carried on in the North of the UK, concentrating on supplies for the livestock industry.
that sounds like a more sensible plan than buying from russia also usa could produce much more if biden had not stopped issuing fracking licensesI believe it’s in the best interest for the North African urea production factory’s to ramp up production for there own sake. Never used anything other than Egyptian urea. Eu sell them wheat! Jobs a good un.