Overdraft requirements for coming growing season.
- Thread starter capfits
- Start date
d williams
Member
Moved banks last year NatWest to bacleys pice of pee new management took care of everything
As a residential landlord I see this,infact there are farming families out there who work long hours for a living.Not everyone has the benefit of been rich in money or assets.Clearly the writer has not been nor see the hardship some families face.I have no sympathy for those who won’t work but lots of people put in long hours,low pay .What makes me really cross is the fat cat salaries or the goverment attitude everyone is earning £40k a year.As for banks they will do well to remember their own bailout
think I'm in the wrong business......
You know, this is frightening,
if the survey results are in any way accurate, half of us are anticipating the same or more borrowing ...in the face of unrelenting pressure on commodities, Boris's clear plan to allow more cheap imports, and the declared winding down of subs.
Don't do it boys and girls, you'll only be working for the bank.
if the survey results are in any way accurate, half of us are anticipating the same or more borrowing ...in the face of unrelenting pressure on commodities, Boris's clear plan to allow more cheap imports, and the declared winding down of subs.
Don't do it boys and girls, you'll only be working for the bank.
- Location
- East Sussex
maybe it's a case of get what you can while you can!
- Location
- South Wales UK
What if we doubled or prices????
Just been having my mug of tea and been going over the TV guide for tonight, on the
5 Star channel @8.00pm you can watch a programme titled "On benefits and 40 grand in debt" -
might be an eye-opener!!.
- Location
- South Wales UK
Public look at farmers on subsidy/aid and in debt same way too???
- Location
- Northumberlandia
Maybes dunno???
lets see how many can make a living from Farming in the UK with Zero Subs & i'll bet the response is an eye opener.
Food is too cheap we all know that.
You can keep upping the cost of every single aspect of producing whatever it is & then no be able to then add on your extra costs at the point of selling
its just a take take system as far as the Farmer is concerned.
How do we right the balance ??? thats the bigger Q & do it fairly
It was just a short while ago that the spotlight was on RBS, who had been "advising" their -too much in debt clients - to
get advice from a company who specialised with such cases. It turned out that this company was a subsiduary of RBS and
the advice consisted of getting the client to sell his assets, at fire sale prices. These assets were purchased by another
subsiduary, who then sold them off for substantial profit. A win win situation for RBS.
Number 1 with the banks is their shareholders, not their clients.
- Location
- North West
Isn’t RBS part of Natwest? I could be way off on this though.
Bossfarmer
Member
- Location
- between Perth and Inverness
its used to control inflation, whats inflation at today?
Cowabunga
Member
- Location
- Ceredigion,Wales
Just for unauthorised or authorised personal accounts. They are doing away with fixed fees at the same time, so if you remember to top it up quickly from another account the cost incurred may be less than previously. If you run a personal account in overdraft for weeks or months at a time, you will be fleeced.
Cowabunga
Member
- Location
- Ceredigion,Wales
Yes , a lot do. I rent a few houses out and occasionally interview new prospective tenants. You would be amazed at the fallen faces when i insist on a couple of thousand bond/advance rental. They may turn up smartly dressed and with a nice but not new car, but the reality is that they haven’t got a pot to pee in. Nothing whatsoever saved.
Bossfarmer
Member
- Location
- between Perth and Inverness
i have a facility but not in it just now, im not surprised people are in debt when i see the amount of new cars on the road, and not cheap cars either every man and his dog seems to buy a new discovery or evoque or beemer, do they not realise how much depreciation there is in the first 3 years????? i buy mine at 5 year old with 50k miles on them with full service history i find this the best value, no finance
Bossfarmer
Member
- Location
- between Perth and Inverness
i have one tractor on hp
- Location
- Lincolnshire
The perceived view of the need to invest in business for very spurious productivity gains, versus paying the tax and cutting the debt
Depends on what you use you od for I suppose. I have no overdraft. But I probably should. I have business mortgage. Instead of funding my crops with cash, it would be tidier to pay off mortgage and use od for farming.
An overdraft that is constantly at max is not really the idea. I tend to prefer to rely on trade credit as needed which is incredibly easy to get and can be factored into spray / fert / seed prices. It's worked well before to have the while of my growing crop inputs due to be contraed from my first grain cheque!
Depends on what you use you od for I suppose. I have no overdraft. But I probably should. I have business mortgage. Instead of funding my crops with cash, it would be tidier to pay off mortgage and use od for farming.
An overdraft that is constantly at max is not really the idea. I tend to prefer to rely on trade credit as needed which is incredibly easy to get and can be factored into spray / fert / seed prices. It's worked well before to have the while of my growing crop inputs due to be contraed from my first grain cheque!