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The Race to the Bottom
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<blockquote data-quote="Elmsted" data-source="post: 14422" data-attributes="member: 1123"><p><span style="font-family: 'Verdana'"><span style="color: #141414">My dear Pembrokeshire cousin as a previous manager of Nocton farm. I maybe have the possibility to add something. The previous institutional owners of <a href="http://thefarmingforum.co.uk/file://nocton/" target="_blank">Nocton</a> sold the farm in it's entirety to astute businessman. Namely Mr Clarke he subsequently developed the farm in an admiral way. Such that he divested around 50% for the sum he paid for 100% of the surface area.</span></span></p><p> </p><p><span style="font-family: 'Verdana'"><span style="color: #141414">To then propose to sell on a paultry few hectares for a dairy next door to a limestone quarry . Good move in my view. </span></span></p><p> </p><p><span style="font-family: 'Verdana'"><span style="color: #141414">T<a href="http://thefarmingforum.co.uk/file://the/" target="_blank">he</a> leverage gearing involved is but a fact of modern day economics. Leveraged buy outs or projects are merely the sum of spreadsheet economics. But they do point the way in regard to why things are going t**ts up.</span></span></p><p> </p><p><span style="font-family: 'Verdana'"><span style="color: #141414">Around the Nocton big dairy was/is numerous others regarding feeding the cows and getting rid of the slurry produced. Frankly care not who wins or looses. But am sure that owner of land looses no sleep. Quite right to.</span></span></p><p> </p><p><span style="font-family: 'Verdana'"><span style="color: #141414">Stephen Price.</span></span></p></blockquote><p></p>
[QUOTE="Elmsted, post: 14422, member: 1123"] [FONT=Verdana][COLOR=#141414]My dear Pembrokeshire cousin as a previous manager of Nocton farm. I maybe have the possibility to add something. The previous institutional owners of [URL='http://thefarmingforum.co.uk/file://nocton/']Nocton[/URL] sold the farm in it's entirety to astute businessman. Namely Mr Clarke he subsequently developed the farm in an admiral way. Such that he divested around 50% for the sum he paid for 100% of the surface area.[/COLOR][/FONT] [FONT=Verdana][COLOR=#141414]To then propose to sell on a paultry few hectares for a dairy next door to a limestone quarry . Good move in my view. [/COLOR][/FONT] [FONT=Verdana][COLOR=#141414]T[URL='http://thefarmingforum.co.uk/file://the/']he[/URL] leverage gearing involved is but a fact of modern day economics. Leveraged buy outs or projects are merely the sum of spreadsheet economics. But they do point the way in regard to why things are going t**ts up.[/COLOR][/FONT] [FONT=Verdana][COLOR=#141414]Around the Nocton big dairy was/is numerous others regarding feeding the cows and getting rid of the slurry produced. Frankly care not who wins or looses. But am sure that owner of land looses no sleep. Quite right to.[/COLOR][/FONT] [FONT=Verdana][COLOR=#141414]Stephen Price.[/COLOR][/FONT] [/QUOTE]
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