P X Farms

[snarling bee]

Like Wellgrain? who P X used to haul for!

Not just haul, he rented his grain store to them.
We had a farm visit around there after he had put up his first 18,000 tonne store. At the time he was farming a fair bit but nowhere near as much as now. He said in his presentation that he sold all his grain to Wellgrain. I asked if that was a sensible business strategy to sell all your grain to one merchant. James was convinced that it was fine. Long before the Wellgrain collapse he 'changed his business arrangements' with them.
If PX was contract farming my land I'm not sure I would want him to market my grain if he still has the same policy [of only dealing with one merchant].

 

[D14]

Not just haul, he rented his grain store to them.
We had a farm visit around there after he had put up his first 18,000 tonne store. At the time he was farming a fair bit but nowhere near as much as now. He said in his presentation that he sold all his grain to Wellgrain. I asked if that was a sensible business strategy to sell all your grain to one merchant. James was convinced that it was fine. Long before the Wellgrain collapse he 'changed his business arrangements' with them.
If PX was contract farming my land I'm not sure I would want him to market my grain if he still has the same policy [of only dealing with one merchant].

This rings true for any contract farming agreement though. If the contractor is storing your grain then once it’s left your field it’s a risk anyway isn’t it? The contractor could overstretch himself and your pile would be sucked up into sorting out somebody else’s problem. You might well have a legal arrangement but you can’t get blood out of a stone so if the contractor goes bump you’ve lost your pile of grain and any income and might still owe the contractor for work completed up to that point in time.

 

[Breakthru]

They said it was a massive risk 15/20 years ago when land was 4/5k acre

There was always the sugar daddy EU in the background since the 70's.
The one size fits all did very nicely especially for the biggest guys.
We are entering a new era and monetarism is still the tories mantra.
Just remember what the free market and high interest rates did to the coal and steel industries along with many others.
Personally I would have been battening down the hatches since the out vote.

 

[lloyd]

Good luck to them if they didn't rent it
the next big farmer down the chain would.

Always amuses me how people say so and so
paid x amount of rent and question the business model
when they were after it themselves.

 

[teslacoils]

Underbidders are always the first to criticise in my experience.

 

[yellow belly]

Underbidders are always the first to criticise in my experience.

ultimately the under bidder sets the price

 

[d williams]

Not if labour change the rules it won’t. Massive risk buying farmland at today’s prices thinking it’ll be worth £500k/acre in the future.

I hope it is is

 

[Flat 10]

I hope it isn’t

 

[D14]

I hope it isn’t

I think we are not far away from forced purchases for housing developments. At market value only.

 

[Flat 10]

I think we are not far away from forced purchases for housing developments. At market value only.

That’s not good

 

[snarling bee]

All that does is give the uplift to the developer, or the council/govt.
Will it make housing any cheaper?

 

[D14]

All that does is give the uplift to the developer, or the council/govt.
Will it make housing any cheaper?

I’ve heard a labour councillor talking about this at a bbq. He didn’t know I was from farming and the conversation was very generalised but he clearly stated that corbyn et al would impose legislation to allow land purchases for housing to be at compulsory purchases levels to stop land owners profiteering and to drastically reduce house prices to get young people on the ladder and people out of the rental treadwheel. He also mentioned new inheritance tax legislation to allow everybody the opportunity to own their piece of land.
Very scary stuff but it’s definitely within corbyn circles rather than mass labour at the moment.

 

[ajd132]

I’ve heard a labour councillor talking about this at a bbq. He didn’t know I was from farming and the conversation was very generalised but he clearly stated that corbyn et al would impose legislation to allow land purchases for housing to be at compulsory purchases levels to stop land owners profiteering and to drastically reduce house prices to get young people on the ladder and people out of the rental treadwheel. He also mentioned new inheritance tax legislation to allow everybody the opportunity to own their piece of land.
Very scary stuff but it’s definitely within corbyn circles rather than mass labour at the moment.

It is important to create affordable housing for young people. Get sick of when old people say they had a house at the of 22, yeh it was 2 grand and could be paid off in 3 years!

 

[Robt]

try selling a used Fendt on this site or recommending a book that you think is a good read .............................. just saying ! If you give flack you have to be able to take it

Dont worry @Clive we all get grief if we disagree and try to try new ideas and views

 

[yellow belly]

It is important to create affordable housing for young people. Get sick of when old people say they had a house at the of 22, yeh it was 2 grand and could be paid off in 3 years!

most kids at 22 now have only just left uni

40 years ago many had been working for 8 years if they
or had no job houses were cheaper because many people could not get a mortgage

then those that did were in negative equity when they lost their jobs along with many others causing house price to fall 40%

 

[Clive]

Dont worry @Clive we all get grief if we disagree and try to try new ideas and views

I’m long past giving a £&@“ Rob ! You can’t run a website like this without developing very thick skin !

 

[teslacoils]

If house prices fell ten percent across the board this country would be ruined. Our economy is underpinned by consumption supported by house price rises, as seen by our pee poor national productivity and balance of payments.

 

[ajd132]

most kids at 22 now have only just left uni

40 years ago many had been working for 8 years if they
or had no job houses were cheaper because many people could not get a mortgage

then those that did were in negative equity when they lost their jobs along with many others causing house price to fall 40%

That’s a good point. Can’t be denied that there is a generation who simply can’t afford it though. I’m lucky, I can convert a barn on our asset with permitted development, most of my friends aren’t so lucky.

 

[B'o'B]

If house prices fell ten percent across the board this country would be ruined. Our economy is underpinned by consumption supported by house price rises, as seen by our pee poor national productivity and balance of payments.

In which just a case of when we admit that we are ruined.

 

[teslacoils]

In which just a case of when we admit that we are ruined.

Because, like farmers, so long as the assets are there to borrow against, and lenders are happy to lend, then all is tidy.