Fertiliser Price Tracker

digger64

Member
And if its applied and paid for the cost will be cancelled out by increase in value of growing crop?
Cant be cancelled out- unless someone steals it ,just moves to a different asset column on the balance sheet .Look at it like this - if you sold your growing crop to an incoming tenant then you would expect them to pay for inputs and work done on the standing crop up to the day of handover .
 
Cant be cancelled out- unless someone steals it ,just moves to a different asset column on the balance sheet .Look at it like this - if you sold your growing crop to an incoming tenant then you would expect them to pay for inputs and work done on the standing crop up to the day of handover .
Yes what i mean tho is if i paid an extra 50k for fert im not suddenly going to make less profit on accounts as the value of growing crop goes up? My accounting year ends in june thats why i wondered so itll be 2021 grain cheque and 2022 fert bill in same accounting year
 

digger64

Member
Yes what i mean tho is if i paid an extra 50k for fert im not suddenly going to make less profit on accounts as the value of growing crop goes up? My accounting year ends in june thats why i wondered so itll be 2021 grain cheque and 2022 fert bill in same accounting year
But the fert bill would be part of your overdraft as a debt if you paid for it before valuation day so it wont any different , but could if crop income falls and you had a good year last year ,you could get a tax bill coinciding with a poor year next year and consequent cashflow crisis . This is where all arable tenant farms are really vunerable as they have no liquid assets to cash and why some buy store cattle that appear not to have any profit potential .
 
But the fert bill would be part of your overdraft as a debt if you paid for it before valuation day so it wont any different , but could if crop income falls and you had a good year last year ,you could get a tax bill coinciding with a poor year next year and consequent cashflow crisis . This is where all arable tenant farms are really vunerable as they have no liquid assets to cash and why some buy store cattle that appear not to have any profit potential .
Im trying to keep my profits up so need to pay tax, hoping to buy another small block of ground so need good borrowing figures, just hoping that extra 50k fert doesnt affect things as although grain prices for 22 looking promising my accounts year ends june
 

Steevo

Member
Location
Gloucestershire
Yes but no papertrail -just market and storage risks . when you choose to sell it they dont normally dispute income declared .
Retaining stock born on farm for breeding could achieve the same (valued at cost) whilst keeping the money in the business .

But it will still mean you paying more tax on the double profits the following year so I'm not sure what it achieves.
 
Location
West Wales
How much !!!!!!!!

I need 3 bags to go under my maize, supplier rang me the other night to see if I still wanted it..............he never told me how much ☹️

i was told £1080 yesterday so wouldn’t surprise me. Apparently you can get microfert that works out competitively? We’re going to add humic and fulvic acid mixed in with it and hope that makes it more available
 
Im trying to keep my profits up so need to pay tax, hoping to buy another small block of ground so need good borrowing figures, just hoping that extra 50k fert doesnt affect things as although grain prices for 22 looking promising my accounts year ends june
Why more ground? Be satisfied with what you have, I have been I am out of hospital all year so far and it concentrates the mind
 

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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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