Wool...what will you do with yours...

It is an interesting suggestion but I will try to explain why it is different from a livestock market or any other auction that only sells a product direct from a vendor and cannot have a fixed percentage.

Wool comes does not come to be sold from a farm or wool producer in a fixed format. It has to be graded first to guarantee what the type is, so there is immediately an additional cost.
Secondly it has to be packed into a 350kg bale of the same wool type and will be core tested (a scientific analysis) to ascertain the quality of every 350kg bale in what will be a 27 tonne auction lot. This auction lot depending on what it is may come from 10 to a 1,000 farmers.
Less than 10 farmers in the whole of the British Isles have enough wool of a single grade to make an auction lot.
The wool may have to be stored for over 12 months as the first new season wool auction is in late June or early July and the last the following May. There is a cost to storage.

Therefore BW have to deduct the costs of grading, testing, storage, auction costs and transport off the price. The fixed costs are diluted by the more wool that is handled.

If you sell a lamb it is easy for the auction company to take a fixed commission as they don't have any other costs than running the market and taking the credit risk.
Credit risk is one thing that BW do not have to worry about as no wool is released unless fully paid for!!
I see that it is complicated and it carries cost but to have a business set up in the way of the wool board is a crazy thing, to sell product take what you need and then pay whatever is left or even send a bill out for taking the stuff away. They can be as inefficient as they like and they can still cover their costs. There is literally have no money laid out in stock in fact they have a lump of money in hand by the sounds of it. It’s like a dream
 

Moors Lad

Member
Location
N Yorks
They can be as inefficient as they like and they can still cover their costs. There is literally have no money laid out in stock in fact they have a lump of money in hand by the sounds of it. It’s like a dream
If they are too "inefficient" they`ll lose producers and fail so it`s in their interests to do a good job . You can`t grade YOUR wool and bundle it up in 350 kg bales just how the buyers want it and neither can you get them all to come to your farm, to fight over your wool ( even if it is the world`s leading example of xxxdale wool!!)
And this "lump" of money they have might just be a pretty small lump when the world wool price is on it`s ar*e....

There`s 98 pages of this now and there`s still so many "experts" who can make water flow up hill.....:mad: . I personally won`t be coming to this thread again it`s not good for my blood pressure!!

What we really need is the Peppa pig man🐷 to tell the whole world that British wool is going to be a fantabulous price soon so get yours bought now and we`ll all be saved... (🐂💩 again!)
 

Anymulewilldo

Member
Livestock Farmer
Location
Cheshire
It is an interesting suggestion but I will try to explain why it is different from a livestock market or any other auction that only sells a product direct from a vendor and cannot have a fixed percentage.

Wool comes does not come to be sold from a farm or wool producer in a fixed format. It has to be graded first to guarantee what the type is, so there is immediately an additional cost.
Secondly it has to be packed into a 350kg bale of the same wool type and will be core tested (a scientific analysis) to ascertain the quality of every 350kg bale in what will be a 27 tonne auction lot. This auction lot depending on what it is may come from 10 to a 1,000 farmers.
Less than 10 farmers in the whole of the British Isles have enough wool of a single grade to make an auction lot.
The wool may have to be stored for over 12 months as the first new season wool auction is in late June or early July and the last the following May. There is a cost to storage.

Therefore BW have to deduct the costs of grading, testing, storage, auction costs and transport off the price. The fixed costs are diluted by the more wool that is handled.

If you sell a lamb it is easy for the auction company to take a fixed commission as they don't have any other costs than running the market and taking the credit risk.
Credit risk is one thing that BW do not have to worry about as no wool is released unless fully paid for!!
I’m genuinely surprised there are still flocks out there big enough too fill an Auction lot on their own!
very well put. 👍
 
If they are too "inefficient" they`ll lose producers and fail so it`s in their interests to do a good job . You can`t grade YOUR wool and bundle it up in 350 kg bales just how the buyers want it and neither can you get them all to come to your farm, to fight over your wool ( even if it is the world`s leading example of xxxdale wool!!)
And this "lump" of money they have might just be a pretty small lump when the world wool price is on it`s ar*e....

There`s 98 pages of this now and there`s still so many "experts" who can make water flow up hill.....:mad: . I personally won`t be coming to this thread again it`s not good for my blood pressure!!

What we really need is the Peppa pig man🐷 to tell the whole world that British wool is going to be a fantabulous price soon so get yours bought now and we`ll all be saved... (🐂💩 again!)
It’s a forum to kick these things around.

And they are losing producers
 
That’s a load of shite. Ought to be a percentage like an auction. Everyone takes the hit when it’s bad. Everyone’s in the honey when it’s good. That’s how to reform it.
A livestock market,YOU sort the lambs into weights,types and grades,YOU transport to the auction,YOU decide whether they've made an acceptable price and THEY just handle the money and keep commission for their costs. If everyone just dumped all their lambs on one day, including unfit,too light , too fat,too heavy poor quality etc,at the market and shout " cheerio post us the cheque" your going to be a bit disappointed when it arrives.
 

Electricfencer

Member
Livestock Farmer
Location
Cotswolds
A livestock market,YOU sort the lambs into weights,types and grades,YOU transport to the auction,YOU decide whether they've made an acceptable price and THEY just handle the money and keep commission for their costs. If everyone just dumped all their lambs on one day, including unfit,too light , too fat,too heavy poor quality etc,at the market and shout " cheerio post us the cheque" your going to be a bit disappointed when it arrives.
You have obviously never been to honeybourne sheep sale, because thats exactly what people do with there entire lamb crop.
 
A livestock market,YOU sort the lambs into weights,types and grades,YOU transport to the auction,YOU decide whether they've made an acceptable price and THEY just handle the money and keep commission for their costs. If everyone just dumped all their lambs on one day, including unfit,too light , too fat,too heavy poor quality etc,at the market and shout " cheerio post us the cheque" your going to be a bit disappointed when it arrives.
No one puts all their sheep wool in one bag They sort them into breeds type etc. You could take 20 breeds to an auction and sell them separately just like with wool bags- they wouldn’t match exactly in the wool bag but they wouldn’t in any auction of sheep either
 
No one puts all their sheep wool in one bag They sort them into breeds type etc. You could take 20 breeds to an auction and sell them separately just like with wool bags- they wouldn’t match exactly in the wool bag but they wouldn’t in any auction of sheep either
Plenty of people put wool in the bags as they come off the sheep regardless. That's why every single fleece is graded as they come out the other end. There's too many variations within single breeds ,let alone the number of breeds in the UK. If everyone had Romneys,fair enough but that ain't gonna happen
 
Plenty of people put wool in the bags as they come off the sheep regardless. That's why every single fleece is graded as they come out the other end. There's too many variations within single breeds ,let alone the number of breeds in the UK. If everyone had Romneys,fair enough but that ain't gonna happen
I think the pay cheque has got so low that a lot just don’t give a monkeys about it and it is treated as rubbish. Very sad really
 

CHAP Webinar - Innovative tools to overcome the challenges of Regen Ag

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Applying principles of regen ag can incur a range of on-farm challenges. Learn how innovative tools & machinery can help with these hurdles.

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