Stable price - commodity price insurance TFF member 8% discount

[farenheit]

To answer your last point - no not yet ! But we have got a 8% iscount for TFF members registering via the link

Does anyone do anything for nothing ? (NFU certainly don’t in my experience) And is that a reasonable expectation ?

So have you negotiated the 2% cut for your company since you wrote this post? Because to be fair this implied you weren’t profiting from members using the service .

Entirely agree that you need to make money from this forum but you should be very upfront about when a post is an ad, even more so when you are promoting financial services to members

 

[Clive]

So have you negotiated the 2% cut for your company since you wrote this post? Because to be fair this implied you weren’t profiting from members using the service .

Entirely agree that you need to make money from this forum but you should be very upfront about when a post is an ad, even more so when you are promoting financial services to members

yes - 2% for TFF for running banners, revenue so far = zero so we are certainly not profiting from it yet ! Everyone who runs banners on TFF pays us, without that TFF would not exist .............. why is this of sudden surprise ? did you think we did it all for free ? did you think this website ran on fresh air and good will / volunteer labour ? I'm not sure why you think TFF needs to be so open about what we sell advertising on this site for it run as a business and I don't feel the need to ask you about your business ?

8% TFF members discount ............ we could have just run banners and taken 10% but as our primary aim is to run the forum for the benefits of its users we passed on as much as we felt we sustainably could do in this case - do you know of anywhere you can get more than 8% off ?

If it makes you feel any better TFF has cost me personally more than I have ever made from it so far - I hope that wont always be the case and find it hard to understand why anyone would take issue even if I was making good money out of a service they use and value for FREE ???



As I have already posted, i'm not recommending Stable, I haven't tried it yet , if I do and if its good I will do however, equally if its rubbish I will be the first to also say so ! All we are doing is promoting the fact that TFF users can get 8% if they choose to use it ................. simple

 

[Bob]

You can get 10% discount if you go through Arla Foods or Acres Insurance to arrange a quote. Also my Broker told me that Lycetts are also looking to team up with Stable

 

[Bomber_Harris]

yes - 2% for TFF for running banners, revenue so far = zero so we are certainly not profiting from it yet !

Have you ever considered running banner ads for products that are a complete departure from farming?

- Bomber

 

[Clive]

Have you ever considered running banner ads for products that are a complete departure from farming?

- Bomber

doing so would generate a lot more income ! but we decided a long time ago that only rural and Ag related banners would ever run on this site

 

[Clive]

You can get 10% discount if you go through Arla Foods or Acres Insurance to arrange a quote. Also my Broker told me that Lycetts are also looking to team up with Stable

Arla (farmer owned) may well be able to afford to give their members access to the 10% that's available but I very much doubt any insurance broker will work for nothing !

Maybe we should just drop the 8% TFF member discount offer and send Stable a bill for banners like everyone else pays to advertise here then ? ............. not really sure how that would be of any benefit to TFF users however ??

 

[horizontal]

Doesn’t work for me. Throws up error saying I haven’t registered crop despite entering all crops.

 

[Clive]

Doesn’t work for me. Throws up error saying I haven’t registered crop despite entering all crops.

@LauraR ? One for your in house geeks ! ?

 

[An Gof]

Arla (farmer owned) may well be able to afford to give their members access to the 10% that's available but I very much doubt any insurance broker will work for nothing !

Maybe we should just drop the 8% TFF member discount offer and send Stable a bill for banners like everyone else pays to advertise here then ? ............. not really sure how that would be of any benefit to TFF users however ??

Don't bite @Clive
Its an interesting concept and Richard is to be applauded in all that he has achieved. You have done a great job in highlighting it here, it will be up to individuals if they want to use it. Reality is it is a simple system which brings an element of price risk management to ordinary farmers without the need for brokers, futures, options and all the complications and possible risks that go with them.
I think Clive is to be applauded at securing a discount for TFF, if you don't like it don't use but don't keep knocking the guy that puts this forum on the internet for us all to use.
Shame i didn't get to meet you at the event, i had to dash to catch a train and you were engrossed in conversation.

 

[An Gof]

Doesn’t work for me. Throws up error saying I haven’t registered crop despite entering all crops.

Yes, i have the same problem here. Enter all crops and cattle finishing and it will only register me for Dairy ..... and to the best of my knowledge you can't milk steers

 

[David.]

Has anyone had time to run a quote, and then directly compare the result to the cost of options to secure an equivalent degree of cover?
Guess it would be interesting to have a comparison of the costs involved for those considering dipping a toe in the water...

 

[buffalo_soldier]

Hi,
I'm a Stable employee and I thought I would jump on and answer the questions relating to where the capital is coming from to cover the Stable policies...

Stable is a Coverholder at Lloyds and all the policies are underwritten by certain underwriters at Lloyds (Ascot Group Ltd). Here is a link to a page which describes how Lloyds supports its underwriters and the pools of money available https://www.lloyds.com/about-lloyds/what-is-lloyds/stability-and-security

I hope this offers some reassurance.

Any idea when the feed option may become available?
I think I will have more interest in this rather than the milk cover.

 

[Daniel]

I got a quote easily enough on wheat. All sold now though so was just to try.

When the price of wheat is back down at £120 how are they going to sell the insurance, it’s only worth having if the price of wheat is relatively strong?

 

[Maddog]

Good effort, one of the forum members has taken advantage of the service Stable is providing. See photo...

So, 1000t covered at a minimum price of £139.50.... I’m guessing for nov19.

Who was it then?

I think I’m a buyer at that level!

 

[David.]

Ok so lets pad out the figures from £139.45t, how do the sums work if Nov futures close at £115 or £165?

 

[Chris F]

It’s Dec.

If it closes at an average of £165, I’m happy cos I would have sold at a decent price that makes me money, and my insurance premium would have cost me £2,200, and I write that couple of grand off.

If it closes at an average of £115, I call them and asked them for £24,500 which they pay me after seven days.

From what I read, you don't have to claim, the claims are paid out automatically. Took me a while to understand it, but you explain it very well above.

Could you have had a higher price for more of a premium? If so what made you choose this level?

 

[Clive]

From what I read, you don't have to claim, the claims are paid out automatically. Took me a while to understand it, but you explain it very well above.

Could you have had a higher price for more of a premium? If so what made you choose this level?

I guess a smart way to use it would be to insure at a level that reflected your cost of production ?

That way your covered to a point where it’s impossible to make a loss

 

[Clive]

Amazing how untrusting farmers can be !

This is exactly the kind of tool I’ve seen threads asking about and saying would be a great idea in the past

Then someone actualy does it and everyone is instantly quick to dismiss it and pick holes where frankly they don’t exist

No wonder very few can be bothered developing stuff for farmers !

 

[Clive]

If I’m going to get slated, I think it’s best I delete my posts here.

Don’t be daft ! There is always someone looking for the none existent conspiracy on TFF ! Water off a ducks back to me now !

Same people that moan are often the loudest complainers when they are selling at a loss

Covering yourself against loss seems a perfectly sensible move to me !

 

[NLF]

Amazing how untrusting farmers can be !

This is exactly the kind of tool I’ve seen threads asking about and saying would be a great idea in the past

Then someone actualy does it and everyone is instantly quick to dismiss it and pick holes where frankly they don’t exist

No wonder very few can be bothered developing stuff for farmers !

Untrusting? No, just trying to figure out how it works and who the underwriter is (because I couldn't find the answer on their website).

No one suggested a conspiracy theory. I asked a simple question about your commission and you chose to answer. 2% sounds reasonable to me. 20% wouldn't be which is why I asked the question.

I don't have a problem with TFF as a business. Just like facebook, google etc TFF provides a service and has to finance it.