Prices coming down?

[Renaultman]

How do you end up with over 100k surplus in your bank account to buy a tractor outright!?

Finishing Store cattle and lambs

 

[colhonk]

Well some farm machinery manufacturers seemingly do NOT want sales. emailed Quivogne uk twice for them to tell me whom my local dealers are of their products, Not a peep out of them.

 

[Renaultman]

Realistic about long term prospects considering which way the wind is blowing. Apart from the medium and longer term future prospects for grazing livestock, which appears bleak in the UK, it has always been the case that farm businesses fall off the bottom of the pile as they become unviable because others have become more efficient at producing at lower cost than themselves. In the near and medium term though, I think the level of debt per unit of output may well cause very modern and otherwise the most efficient to fail, especially if banks say ‘enough is enough, no more’ and interest rates continue high or even increase.

How do you work this out, the Government is offering £400+ a hectare to put land into herbage lays, which you can almost treat as your normal pastures, I would think grass livestock is the most encouraging thing about at the moment

 

[davidroberts30]

How do you work this out, the Government is offering £400+ a hectare to put land into herbage lays, which you can almost treat as your normal pastures, I would think grass livestock is the most encouraging thing about at the moment

yeah your in england!!
the taffia have other ideas!!

 

[e3120]

How do you end up with over 100k surplus in your bank account to buy a tractor outright!?

The second and onwards ones are easy. The first one is reliant on a work + (a bit of) sleep lifestyle. Plenty of advocates in our industry. A dollop of good fortune helps, too.

 

[Chae1]

with 2 years of good grain/beef prices in a row many farmers will be in this position? unusual before that right enough

It's just cashflow though. Some times of year we've plenty. Other times struggling. There are times when could easily buy one. Other times balls deep in a 6 figure overdraft and wondering how going to pay next invoice.

It all goes out again on fuel, feed, fertiliser, chemicals, rent, labour, machinery.

 

[mf7480]

agree - its a LOT worse out there than is being reported yet - there is a recession in full swing I reckon, house prices have dropped, car prices have dropped (most peoples 2nd biggest asset or liability, builders short of work and interest rates are stopping people buying anything that requires finance

deflation here we come !

Do you think the gov have gone too hard too soon with the interest rates? Maybe even didn’t put gentle pressure on the brakes early enough?

 

[Clive]

Do you think the gov have gone too hard too soon with the interest rates? Maybe even didn’t put gentle pressure on the brakes early enough?

yes - massive over reaction IMO, rates needed to rise but they kept raising them before the effects each raise had worked through so there is massive lag that is catching up people and bussiness now as they renew mortgages or come to end of existing finance agreement etc

 

[Moors Lad]

It's just cashflow though. Some times of year we've plenty. Other times struggling. There are times when could easily buy one. Other times balls deep in a 6 figure overdraft and wondering how going to pay next invoice.

It all goes out again on fuel, feed, fertiliser, chemicals, rent, labour, machinery.

Every business/farm is different. Cheap finance is obviously very useful in your situation - long may it continue to be available!

 

[Dave6170]

just don't forget your tax bill ...........

Tax bill is at the wrong time of year for us I’ve always thought. Pay it then have a whole summer of big bills before we sell anything in the autumn

 

[Clive]

Tax bill is at the wrong time of year for us I’ve always thought. Pay it then have a whole summer of big bills before we sell anything in the autumn

there is never a good time for a tax bill !

 

[Lincsman]

It's just cashflow though. Some times of year we've plenty. Other times struggling. There are times when could easily buy one. Other times balls deep in a 6 figure overdraft and wondering how going to pay next invoice.

It all goes out again on fuel, feed, fertiliser, chemicals, rent, labour, machinery.

The idea is you sell stuff then buy what you need for next crop and have something left.

 

[Chae1]

The idea is you sell stuff then buy what you need for next crop and have something left.

Will have to train the cattle to become fat when a fertiliser bill is due

 

[Farma Parma]

Like the revolutionary Inoes Grenader “British” built by the richest man “in” Britain

Aye and the thing is ni on dearer thay the clone its based on !!
v few farmers will get anywhere near one.

 

[yin ewe]

Will have to train the cattle to become fat when a fertiliser bill is due

It would be better if you could train them to become fat without fertiliser

 

[ford4000]

I've tried to get discount on cars when buying them straight. Never got any. They actually prefer you take finance. One offered another years warranty if you took finance.

Same with DFS the sofa people. Not interested in discounting payment outright.

Same when we bought a new kitchen from wren 2 years ago, no discount so thought I might as well take advantage of their 0% offer... Trouble was we needed something called a credit score, so that didn't work

 

[Farma Parma]

Same when we bought a new kitchen from wren 2 years ago, no discount so thought I might as well take advantage of their 0% offer... Trouble was we needed something called a credit score, so that didn't work

dont they have there stuff on 7 years 0% ???

 

[ford4000]

dont they have there stuff on 7 years 0% ???

I don't think it was that long 2 years ago, but I don't remember to be honest. I paid up and it's no longer something to worry about

 

[ford4000]

How do you work this out, the Government is offering £400+ a hectare to put land into herbage lays, which you can almost treat as your normal pastures, I would think grass livestock is the most encouraging thing about at the moment

Not in Wales they aren't

 

[Lincsman]

I've tried to get discount on cars when buying them straight. Never got any. They actually prefer you take finance. One offered another years warranty if you took finance.

Same with DFS the sofa people. Not interested in discounting payment outright.

Depends on what it is, my car was listed with a discount off RRP last march, i worked out what a bit more discount would make it along with my car at Motorway valuation and add £1k and fit a towbar, he agreed but had nothing left for the towbar, in the end he gave me £250 off towards a towbar (That i didnt fit!). BUT it was one of the last 3 new diesels in the uk and his last one and wanted it gone!
I have recently bought a diesel KA+ from evans halshaw who dont negotiate on there fixed used car prices, you just have to keep refusing all the additions they want you to have, but to be fair if it was petrol the ave price is £1500 more, and it has way more power than the petrol.