Northern Ireland Milk Price Tracker

[Stuart1]

Just looking at the pictures of machinery, cubicles etc for sale the place looks quite rough. Too big and struggling? Not judging,I don't know full story.

Milked 800 cows at one point. Son run it into the ground, badly. He’s had enough so he’s getting out. Rough would be a understatement, dangerous would suit better.

 

[Aircooled]

A friend if mine took the 50k to pay off his hp. All hes done is extended it by 6 years . Bank told him news the time to buy the farm handler he wanted. Sound advice

Do you save interest paying hp early or do you end up paying interest in advance?

 

[it's not over]

Do you save interest paying hp early or do you end up paying interest in advance?

I dont really know but I'd presume there would be some penalty for early payment

 

[Happy at it]

I'd like to know where you are all getting this £50K from?

Dont think the government really knows that either., very strange times. Take it your not applying then? Hadnt considered it either until speaking to accountant, 2 days later it was in the bank so its not hard to sort. Better looking at it as for it I guess and will cut interest for a year if nothing else.....

 

[Ballygreenan]

Lakeland up 1.25ppl for June milk! Who mentioned more meal?!

 

[thunderballs]

Lakeland up 1.25ppl for June milk! Who mentioned more meal?!

Excellent. Didn't see that coming. Let's see how the others respond.

 

[yin ewe]

Lakeland up 1.25ppl for June milk! Who mentioned more meal?!

Hopefully the rest will follow.
You ready for Jim Irwins number yet??

 

[Thompyd]

Big problem is 50k doesn't buy much farm machinery

Red

Do you save interest paying hp early or do you end up paying interest in advance?

Depends on your loan but cleared a loan I only had out 3 months with no penalty or added interest. As for 50 k not buying much machinery. Both my loader and 1 tractor combined are worth far less than that but do the job for me.

 

[it's not over]

Has anyone ever used a scanner to test grass for nitrogen. How accurate are they

 

[jamj]

Dont think the government really knows that either., very strange times. Take it your not applying then? Hadnt considered it either until speaking to accountant, 2 days later it was in the bank so its not hard to sort. Better looking at it as for it I guess and will cut interest for a year if nothing else.....

I'm not clear what you are referring to. Would you mind being more specific?
Don't think I've heard about it.

 

[jay]

I'm not clear what you are referring to. Would you mind being more specific?
Don't think I've heard about it.

He's talking about the Corona bounce back loan, up to £50k for 6 years. 1st year interest free then fixed at 2.5%. it'll save at least £2500 over the term unless you can get an exceptionally good deal from your bank.

 

[Wishful Thinker]

Has anyone ever used a scanner to test grass for nitrogen. How accurate are they

Just cut it. The scanners are really only a guide, 2 parts of the field can give 2 completely different results. If the weather spell is there don’t miss it, some amount of wet 2nd cut made today.

 

[dave6470]

Do you save interest paying hp early or do you end up paying interest in advance?

If it's the bounce back loan you can pay it of early with no penality so if you pay it of in first year you only pay the amount you borrowed

 

[Back Row Man]

Has anyone ever used a scanner to test grass for nitrogen. How accurate are they

No, how do they work? Talking to a man in Fane Valley today, his grass is high in N too seems to be a pattern in this area

 

[it's not over]

Just cut it. The scanners are really only a guide, 2 parts of the field can give 2 completely different results. If the weather spell is there don’t miss it, some amount of wet 2nd cut made today.

n Antrim had a dry day. Good for silage making. Unfortunately n too high so waiting. Had this problem with silage in 2002. Rubbish silage makes a long winter

No, how do they work? Talking to a man in Fane Valley today, his grass is high in N too seems to be a pattern in this area

It's a hand held device. Sowed 2.4 of can. Its the golden rule for 2nd cut , not this year

 

[Beef farmer]

if you have debt then getting a bounce back loan to repay it makes sense.
0% for a year then 2.5% for the next 4 years.

if you going to change the telehandler next year may as well do it now and get cheap money!

If you cant borrow long term money cheaper than that, change banks

 

[Beef farmer]

 

[thewalrus]

If you cant borrow long term money cheaper than that, change banks

0% for a year? Don’t know many banks doing it cheaper?

 

[Beef farmer]

0% for a year? Don’t know many banks doing it cheaper?

As long as its paid back in 1 year.
If in 1 yeats time you can write the cheque out no problem.

A lot of cases it "this time next year rodney"

 

[Wee Willy]

I claimed the self employed grant. Checked with accountant,all I need is letter from buyer saying milk price down because of covid. DF sent one to their producers.
Only problem is grant is given at 80% of profit for 3 months averaged over past three years. According to accountant, some dairy farmers are making nowt.80%×0=0