So if the exchange rate is 5 to 1
Then that works out in uk terms £5 per kg of solids.
So for us that would be £2600 a cow. Or 700k. Which would equate to 30% of our asset base. Which looks fine on paper but the ability to service and then repay that debt on a lower long term price than we have is quite scary.
Even in my younger days debt like that would have kept me awake at night.
Hoping to be under £600 a cow by Christmas that’s manageable for me.
Now all we have to do is figure out many cows you're milking!