Stable price - commodity price insurance TFF member 8% discount

put like that its does seem value, a big harvest, potential tariffs or currency could soon push prices to below that level

........ then again it could be a complete waste of a fiver I guess !

One way to look at to is just because you didn't crash your car last year do you regret buying insurance for it ?

Actually I realised I misinterpreted my quote. :whistle:

Quote was from April to Nov ie the average wouldn't be below £150. Given that the current price is £165 and may well stay there for a few months new season would have to collapse by a fair whack (sub £135 after harvest maybe?) to give me that average - not that I want it to obviously.

If I wanted to guarantee I got £150 in Nov I would have to pay £8 odd which is obviously a bit more to pay but then again was offered a futures price of £142 for Wheat in Nov yesterday too so in a way if I wanted to sell now it would be level pegging. Alternatively you could pay £5 ton to ensure it doesn't drop below £140/t in Sept...(which is what @An Gof has done I think)
 
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Location
London
Well I've not done anything yet but even paying £5.34 a ton (incl TFF Discount) to ensure Wheat never gets below £150.59 ton between now and Nov seems even tempting.

The other way of looking at it is we're not really insuring for the next couple of months as it looks fairly steady anyway so your paying for latter months.

One thing I've not got figured in my head yet. If for example I insure a ton of wheat for say £150 and it costs me £5 ton so that ton owes me a fiver (£145 - its a bit more than a fiver but for the purpose of this)

So someone does this mean the lowest price I will take for my insured ton of Wheat all year (presuming I've got all year to sell it) is in effect £145? What have a missed out? Would I take the chance to sell all your wheat at an absolute minimum of £145 ton? Yes, probably.
Hi @SilliamWhale happy to have a call if it helps to walk through the options and how it might help. 0203 859 9390
other than wheat....has anyone done any other commodity? On the basis this works "up corn down horn" they must need something else to balance it all out?
hi- we run over 300 indices in 15 countries so it’s a very wide portfolio. Wheat, Barley, Rapeseed, Lamb and Milk just dominates in the UK- hope that helps
 

nickf

Member
Location
Oxfordshire
I think my barley insurance may have been a good move.
I’m not sure about my wheat position yet, will obviously depend on the next 4 months price movements.
 

Oscar

Member
Livestock Farmer
I was only thinking yesterday about this product . I signed up back when they launched but all my paperwork is at the accountants so can t remember what the timings are or even what I did !! Going to accountants on monday for a year end chat so will have paperwork back soon to have a look. When I know anything, I will update on thread.
 

An Gof

Member
Location
Cornwall
Just read the note on the front page of the Stable web site. Anyone know what’s going on? Perhaps @Clive might know as he set up teems for TFF members. Failing that I shall have to drop Richard an email myself.
 

JCfarmer

Member
Mixed Farmer
Location
warks
Stable have decommissioned the existing insurance platform but existing policies will continue to be valid.
IE Shut the door to new customers and probably when we could do with it the most!? :rolleyes:
 

An Gof

Member
Location
Cornwall
Stable have decommissioned the existing insurance platform but existing policies will continue to be valid.
IE Shut the door to new customers and probably when we could do with it the most!? :rolleyes:

Shame as I was looking to the possibility of taking some cover for new crop barley.
I really liked the system and found it worked exceptionally well.
 

Clive

Staff Member
Arable Farmer
Location
Lichfield
Just read the note on the front page of the Stable web site. Anyone know what’s going on? Perhaps @Clive might know as he set up teems for TFF members. Failing that I shall have to drop Richard an email myself.

basically they have decided to no longer deal directly with farmers

shame imo as this was a very good idea
 

Clive

Staff Member
Arable Farmer
Location
Lichfield
Oil repeated in grain ?!

I would be very interested to know the reasoning

this all happened before the C19 crisis

if I had to guess I would say uptake has been much lower than they hoped so they are just looking at a different sales strategy / customer maybe?

another opportunity missed for farmers to take control of their own destiny
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 80 42.1%
  • Up to 25%

    Votes: 67 35.3%
  • 25-50%

    Votes: 30 15.8%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,294
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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