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Discussion in 'Agricultural Matters' started by Widgetone, Apr 13, 2018.
Frontier sells a lot of fertiliser seed and chemicals
Fengrain have just invested a lot of money in storage and a new satellite office which explains most of their net loss. Their turnover was actually up overall.
Do merchants make more money in a volatile market? It seems that they've been chasing a few quid here & there for the last couple of years. We need merchants just as they need us. I'd hate to see the independents go and leave the big boys to corner the market. Frontier, Glencore, Gleadell, Cofco, Cefetra and Saxon all have parent companies with deep pockets. I don't trade with Openfield at the moment either but they are one of the last few major UK co-ops in the market.
Without prying, who does trade with openfield? I never hear of them on the farms I deal with, other than a bit of seed biz.
I do,just about everything with them.visited frontier and a few others at cereals 2 years ago and they all promised to call but I’m still waiting
I do they have had everything that I don’t sell farm to farm for last 10 years.
But have just sold OSR to a new merchant and started a new relationship. In the current climate the differential was just too great.
Similar area to Nick and everything goes to them. Good relationship with buyer, good communication from transport office and individual drivers. We are within reach of local store so can tractor and trailer in at will over harvest when we need. They were always £1/ton less than Wellgrain...... Bit of a cloud recently thanks to a man with a few diggers trying to scupper grand plans for a huge new store. The longer it drags on the more you start to wonder if it will ever happen.
Openfield building a new store?
Didn't see the tweet from openfield. But I would imagine it asked members to commit 100% not sell 100%. I stand to be corrected though.
Is a new store being planned in Norfolk then?
But they make a margin on every ton they sell......
And they don't pay for anything they don't fancy....
Too many admin on £ 50k
Too many traders on £100k +
This don't work with produce selling at 16th Century prices.....
Do they? What if they have a sale on and can't get it covered, they then get squeezed and can make a loss......
I think its being planned
They shouldn’t take a position, they should cover all sales/purchases.
It is because Openfield took a position on milling wheat that caused a significant part of last years loss. Uncovered positions and risk make them little better than Viking in my book.
I don’t grow any milling wheat and as a customer am therefore exposed to risk that was nothing to do with me.
It has come up against a very rich neighbour who doesn’t agree with it so has caused a lot of agro with planning. I’m unsure as to how far they’ve got although they did knock half the old site down maybe 2 years ago in anticipation of starting the new one, which in hindsight was rather odd.
Rather ironically, that rich neighbour got rich hiring plant to building sites just like the one that he’s objecting to.
@AlfM I went past yesterday. Only up the road. Still nothing going on. Just big piles of rubble. Couple of sheds left but not much. Matey up the road opposes most things (my brother an ardent NCFC fan, doesn't have much positive to say about him either)
We sell one lorry load a yr through them. Certainly not everything! Suspect same rep as @nick... ,he's pretty good. Does a very easy to follow weekly report (not that I always agree with the sentiment!)
Which merchants pay 28 days after the last load on the contract is cleared? I heard something about moving say 3 loads in the first week and one load on the last day of the month resulting in nearly a month of credit? Was it Wellgrain or do others still have these terms??
We all feed and they seem to have the deal into Burston sown up which allow us to tractor and trailer in over winter as some of our storage would leave lorry drivers pulling their hair out. Payment on the 14th of the month, and can advance if necessary. We don’t commit our tonnage to far in advance so could sell some elsewhere but seem to work well for us. No doubt it’s not worth the paper it’s written on but we do pay the premium for the protection should they go pop.
is he a 'binner'?