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Milk Price Tracker
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<blockquote data-quote="lazy farmer" data-source="post: 6549883" data-attributes="member: 5031"><p>So if the exchange rate is 5 to 1</p><p>Then that works out in uk terms £5 per kg of solids.</p><p>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.</p><p>Even in my younger days debt like that would have kept me awake at night. </p><p>Hoping to be under £600 a cow by Christmas that’s manageable for me.</p></blockquote><p></p>
[QUOTE="lazy farmer, post: 6549883, member: 5031"] 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. [/QUOTE]
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