Origin profit warning after 40% winter crop fall

Written by Jamie Day

Agrii and Origin Fertiliser parent company Origin Enterprises reports that its UK and Ireland business volumes have fallen by 25.6% in the first half of its financial year, due to the wet autumn which has reduced winter crop plantings to the lowest level for 30 years. While the seasonal nature of the business means that […]

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[teslacoils]

That's a more realistic winter cropping estimate.

 

[Steevo]

"The company estimates total UK autumn and winter plantings for principal crops at 1.1 million hectares, a 40.4% fall on the 1.7mha sown at the same stage of 2019. Within the total, it predicts a 43% drop in the winter wheat area to 1.0mha (1.8mha in 2019). It anticipates that some 55% of the winter cropping shortfall will transfer to spring plantings, with the balance to be fallowed."

Interesting that they not only predict a 40% fall, but also that only 55% will transfer to spring cropping.

 

[Werzle]

"The company estimates total UK autumn and winter plantings for principal crops at 1.1 million hectares, a 40.4% fall on the 1.7mha sown at the same stage of 2019. Within the total, it predicts a 43% drop in the winter wheat area to 1.0mha (1.8mha in 2019). It anticipates that some 55% of the winter cropping shortfall will transfer to spring plantings, with the balance to be fallowed."

Interesting that they not only predict a 40% fall, but also that only 55% will transfer to spring cropping.

Article in the FW just lately where a chap reckons he would only break even planting spring crops so he is leaving it fallow ready for osr. Might as well break even doing nothing than break even doing the work and risk breakages etc