Fertiliser Price Tracker

bankrupt

Member
Location
EX17/20

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.
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.

:banghead: :banghead:
 
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Wombat

Member
BASIS
Location
East yorks
How long will broiler chickens be produced en masse though. Feed hikes will start to hurt.

heard that pullets were up something like 5x to stock sheds (not sure how correct that is) it’s not just the feed it’s having the credit to play the game in a lot of these things. If fert ended up at 30k a load is there enough liquidity to buy it?
 
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.

:banghead: :banghead:
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?
 

bankrupt

Member
Location
EX17/20
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?
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.
 
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.
True, I'm talking about a few loads of very well bought liquid so that might be more difficult again however.
 

Devon Gurfallo

Member
Mixed Farmer
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.

:banghead: :banghead:
can I ask which company is that?.pm me if you prefer
 

Full of bull(s)

Member
Livestock Farmer
Location
North Yorkshire
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.

:banghead: :banghead:
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 you
 

bankrupt

Member
Location
EX17/20
can I ask which company is that?.pm me if you prefer
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
 
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Two Tone

Member
Mixed Farmer
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
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.
 

Devon Gurfallo

Member
Mixed Farmer
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
Thought that you would not be keen to name names. Hope you get your money okay.
 

Flatlander

Member
Arable Farmer
Location
Lorette Manitoba
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.
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.
 

county down

Member
Location
downpatrick
I 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.
that sounds like a more sensible plan than buying from russia also usa could produce much more if biden had not stopped issuing fracking licenses
 

SFI - What % were you taking out of production?

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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