Milk Price Tracker

[lazy farmer]

Concentrate

Get it bought then. Have bought ours £30 a ton cheaper than 2023. for what we use oct -dec

 

[Blue.]

Forward bought straights are currently £20-25 less for next winter.

 

[Milkcow365]

Ground maize at £220 for 12 months and soya in £380s seems ok?

 

[Blue.]

Ground maize at £220 for 12 months and soya in £380s seems ok?

I was quoted £217 for ground Maize and £371 for soya (Nov-Apr)

 

[coomoo]

Id say if milk holds steady/slow rise and costs come back nicely as they are it will be a ok year?

Fert at 300 hold tight

 

[Milkcow365]

I was quoted £217 for ground Maize and £371 for soya (Nov-Apr)

Remember I’m in arse end of nowhere

 

[DairyGrazing]

Given where milk price might be, what fert is now and what you can lock in straights for. I think it will be another very profitable year.

 

[Milkcow365]

Given where milk price might be, what fert is now and what you can lock in straights for. I think it will be another very profitable year.

Interest rates easing towards the end to hopefully

 

[Chimera]

Interest rates easing towards the end to hopefully

 

[vantage]

Agreed. But many speak of the need for a 40p plus base to make things work and that ain’t happening soon.

Inputs rather than outputs have been the problem, some eased considerably, others not so, interest rates and electricity the major ones.

 

[DairyNerd]

Inputs rather than outputs have been the problem, some eased considerably, others not so, interest rates and electricity the major ones.

That may still be the case next year. Inputs may go skyward if the problems in the red sea exacerbate. No one thought that Israel and Gaza would actually be at war 6 months ago or that the Houthis would start firing on foreign ships. If that conflict widens further, god forbid, then the prices we saw 18 months ago could be a drop in the ocean. Some inputs you always need, such as electricity, but in this current climate, probably the most uncertain in the last 50 years, I personally think you would be mad to stretch yourself too far with borrowed money.
.

 

[lazy farmer]

That may still be the case next year. Inputs may go skyward if the problems in the red sea exacerbate. No one thought that Israel and Gaza would actually be at war 6 months ago or that the Houthis would start firing on foreign ships. If that conflict widens further, god forbid, then the prices we saw 18 months ago could be a drop in the ocean. Some inputs you always need, such as electricity, but in this current climate, probably the most uncertain in the last 50 years, I personally think you would be mad to stretch yourself too far with borrowed money.
.

What’s too far ? £500 a cow £2000? We all have a tolerance. Mines increasing towards 0

 

[pappuller]

What’s too far ? £500 a cow £2000? We all have a tolerance. Mines increasing towards 0

oh you grumpy old crumudgion

 

[Beef farmer]

What’s too far ? £500 a cow £2000? We all have a tolerance. Mines increasing towards 0

I best give up

 

[DairyNerd]

What’s too far ? £500 a cow £2000? We all have a tolerance. Mines increasing towards 0

No idea, guess it depends what you can reliably service which is different for everyone. I think the tolerance for in case the proverbial hits the fan should probably be bigger than it used to be though.

 

[Martyn]

I best give up

Iv just worked our out and it stands at nearly 5x that high figure but seams comfortable. Debt drives motivation/risk. Business is all risk, balancing risk is key I guess.

 

[Shebb90]

Iv just worked our out and it stands at nearly 5x that high figure but seams comfortable. Debt drives motivation/risk. Business is all risk, balancing risk is key I guess.

If I am working that out right that must be hard going though especially with milk price where they are at the moment. ?

 

[lazy farmer]

oh you grumpy old crumudgion

Who me ?

 

[frederick]

If I am working that out right that must be hard going though especially with milk price where they are at the moment. ?

The 600 interest isn't the problem it's the repayment and the tax in all that repayment.

 

[Martyn]

If I am working that out right that must be hard going though especially with milk price where they are at the moment. ?

That’s mortgage, hp & overdraft combined, I can think of a lot in similar situation. I guess we probably are tight with spending etc but having started from scratch we have always grown by borrowing, so know no different. Even with high debt we have a far more secure business now that when starting out.