How interesting. I wonder if there's a Valtra forum, where members can congratulate each other on the awesomeness of their purchases.
I’ve heard membership costs the same as the average vomit repair bill!Absolutely, we offer very low cost entry to our forum for people in which the faith seems very weak. For new entrants' we allow an honorary place at our next semi-annual Valtra rally. Which colour Valtra would you like?
Not having a go but I'm interested in your maths. £120/t in 1980 - what inflation rate are you applying? If I use an annual rate of 3% (which could be generous?) then that comes to £391/t 40 years later. 3.75% ish? I know inflation was a lot higher years ago but it's been very low for well over a decade now.Milk and cereals/arable have been woeful at keeping up with inflation over the last 40 years or so. 26p/litre in 1996 should be 47p today,which undoubtedly would be if we still had the MMB. Milling Wheat at £120/ton in 1980 should be £518/ton today. Fat livestock have faired better,depending on start date,but £600 for a fat Friesian bullock in 1996 would be £1134 today,so might be a tad higher today.Likewise fat lambs,£50 in 2003 is £79 today.
I havent worked any maths out,but just put the figures in the Bank of England inflation calculator. Even if it is £391,thats still an awful lot more than £160-£170.Not having a go but I'm interested in your maths. £120/t in 1980 - what inflation rate are you applying? If I use an annual rate of 3% (which could be generous?) then that comes to £391/t 40 years later. 3.75% ish? I know inflation was a lot higher years ago but it's been very low for well over a decade now.
Somewhere on the web is a forum full of bitter copper miners who are complaining like fudge about the cost of a 200 tonne dumptruck and loading shovel and how only Mexicans will work for them doing 50 hours a week.
Meanwhile, on another forum, some folks in the oil industry are complaining like fudge about the cost of environmental regulations these days and how oil is dirt cheap yet the only good place to get the stuff is in the frozen wastes of Alaska of all places.
Interesting. And the analogy is correct.
But I've spent a good time searching and nowhere on the internet can I find a forum full of supermarket directors complaining about the stagnant cost of their stock purchases, the ease with which they can manipulate the market, the capitulation of government to their whims or the gullibility of their customers to fall for yet another loss leading BOGOF marketing ploy.