Stealing food to solve the food crisis.

[thorpe]

we are only 1 and a half miles from the town centre , 3 Mcy ds , kfc , chicken shops, wine bars , theme pubs, no wonder the students have so much debt. the town also has 3 tescos 2 aldis lidl sainsburys and the co op, oh i forgot our cattle buyer morrisons.

 

[glasshouse]

If I finance something for the farm I have to supply my accounts and my bank statements etc. When I wanted to get phone contracts for my children I couldn’t because I didn’t have a credit rating because I hadn’t ever borrowed anything personally. You do wonder if there’s a plan afoot to saddle the poorest with debts they can never clear.

Having a mortgage is a plus on your credit score
Not having a mortgage is a minus!!!!

 

[holwellcourtfarm]

Having a mortgage is a plus on your credit score
Not having a mortgage is a minus!!!!

But a credit score is only there to "help" you get even more credit......

 

[glasshouse]

But a credit score is only there to "help" you get even more credit......

Managed fine before

 

[glasshouse]

The world runs on credit, the guys who borrowed big twenty odd yr ago have cleaned up

 

[Wolds Beef]

@Lowland1 Was He tasty!!
WB

 

[FonterraFarmer]

you could get Granada or Sierra P100's

Think they were Cortina/Sierra based, no Granada's but then there were the Falcon utes too.

 

[FonterraFarmer]

The world runs on credit, the guys who borrowed big twenty odd yr ago have cleaned up

More likely more debt and die destitute.

 

[glasshouse]

More likely more debt and die destitute.

No, land bought at £1500/ac twenty yr ago is now £15,000/ac and will be paid off
Hill farms bought at £500 are now £5000/ac

 

[FonterraFarmer]

No, land bought at £1500/ac twenty yr ago is now £15,000/ac and will be paid off
Hill farms bought at £500 are now £5000/ac

But you buy and sell on the same market, you can not rely on inflation over time to devalue your debt....

 

[glasshouse]

But you buy and sell on the same market, you can not rely on inflation over time to devalue your debt....

Those farms bought twenty yr ago will be paid off or nearly
No one foresaw interest rates plummetting 14 yrs ago

 

[FonterraFarmer]

Those farms bought twenty yr ago will be paid off or nearly
No one foresaw interest rates plummetting 14 yrs ago

So most UK farms debt free then???
That explains how they canny afford the new tractors/farm machinery and new 4WD's every 10 years then!!!

 

[Lowland1]

@Lowland1 Was He tasty!!
WB

We went out to a flower show as a family to a town 40 miles away. So we had lunch ( dinner ) out. We usually eat out once a week we will have a morning on the farm and then out for lunch then back to watch sport on the TV . It was a very nice meal actually mainly vegetarian with drinks (not alcoholic ) came to about £ 8 a head.

 

[Henarar]

Think they were Cortina/Sierra based, no Granada's but then there were the Falcon utes too.

Yep sorry ment to put cortina

 

[holwellcourtfarm]

 

[fgc325j]

just been into town i could not belive it Mcy ds and chicken shops rammed , bars and pubs rammed, and fst food delivery bods almost by the dozen!

Maccy D believes in getting them young, youngsters use McD as a meet up place in their early teens, maybe it's a substitute for a youth club !!,
and then the habit is formed. Also, how many view taking the kids to McD as being a "treat" - i was told by a grand mother the other day "that her
husband, a large beef/sheep farmer, liked nothing better than taking their grandchildren down to McD's at least twice a week - a round trip os approx. 35 miles !!. The eldest of the 4 grandchildren is 9 years old - teach them young etc.....

 

[Hilly]

The world runs on credit, the guys who borrowed big twenty odd yr ago have cleaned up

Depends on whAt they spent it on .

 

[glasshouse]

So most UK farms debt free then???
That explains how they canny afford the new tractors/farm machinery and new 4WD's every 10 years then!!!

I didnt say that

 

[Hilly]

No, land bought at £1500/ac twenty yr ago is now £15,000/ac and will be paid off
Hill farms bought at £500 are now £5000/ac

Some will have been bought interest only .

 

[Hilly]

Those farms bought twenty yr ago will be paid off or nearly
No one foresaw interest rates plummetting 14 yrs ago

Land is crazy but bear in mind that if bought on mortgage they will have almost double , and its worth alot due to forestry and carbon neither will last long term, but if bought right years ago ot today is worth a small
Fortune , i think i should be selling now ! But then how would i protect my money ? Hmmmm