Farm Finance

Wiseman Dairies face rising cost pressure.

28th JanuaryPosted by Louise Taylor

A report in the Financial Times suggests that Robert Wiseman Dairies, who supply nearly a third of all the UK's fresh milk, has warned that the higher cost of diesel and plastic packaging could hit profits in the coming year as it faces pressure to increase 'farm gate' prices to its suppliers.

Wiseman's, who have a processing plant in Market Drayton, have conceded that farmers face their own cost pressures on fuel and animal feed, but said it would have to balance the interest of its...

Defra predicts fall in income for livestock producers.

28th JanuaryPosted by Louise Taylor

A report in the Farmers Weekly says that incomes on English livestock farms are due to fall dramatically in 2011 according to Defra estimates.  The report does, however, suggest that arable farmers will fare much better over the coming year.

Defra's Farm Business Income (FBI) forecast for 2010-2011 suggests that specialist pig producers will be hit hardest by soaring feed costs and lower prices, with average incomes forecast to be 68% down in real terms on the 2009-10 season.

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NFU describe UK dairy crisis as a "disgrace".

27th JanuaryPosted by Louise Taylor

NFU dairy board Chairman, Mansel Raymond, and NFU President, Peter Kendall, have described the 'massive failure' of the UK milk markets to operate properly as a 'disgrace', an 'outrage' and a 'scandal'.

Mansel Raymond went on to say that the main problem was with manufacturing contracts.  The global market indicators were 'very positive' with cheese, butter and powder trading between 28 and 30ppl. reflected in milk being delivered into the Westbury Dairies plant at 29ppl.  The best Uk...

First Milk prices going up 1st Feb.

26th JanuaryPosted by Louise Taylor

Producers for First Milk will see an increase of up to 1.25p per litre from February 1st according to the Farmers Guardian.

Chairman, Bill Mustoe, said that better returns from cheese and ingredients markets, plus a continuing internal efficiency, have enabled the price increase.

It is the cheese pool producers who will benefit most taking their standard litre price to 24.52ppl. But the balancing pool price will increase by 1ppl to 24.27ppl and the liquid pool price moves up...

Have you considered alternatives to straw for bedding?

24th JanuaryPosted by Louise Taylor

As the price of straw continues to rise you might be one of many farmers who have had to consider alternatives to straw for bedding.

The price increase has impacted on parts of England and Wales but has been felt particularly hard in Scotland, where the quantity and quality of straw gathered over the summer months was well below average.  The problem was further exacerbated as many Scottish farmers used up their straw stocks during the winter freeze of 09/10.

Quality Meat...

Incomes down on Welsh Dairy Farms.

20th JanuaryPosted by Louise Taylor

The Farmers Guardian has reported that whilst Welsh beef and sheep units saw average incomes rise by well over £15,000 in the 2009-2010 financial year, the average income on dairy holdings fell by more than £12,283 according to the latest Farm Business Survey in Wales data.

The Survey, funded by The Welsh Assembly government, is independently conducted by Aberystwyth University and involved a representative sampe of 565 farms.

The results for hill and upland dairy farms show...

Farmers considering fuel protest.

18th JanuaryPosted by Louise Taylor

Farmers and hauliers are considering fuel price protests similar to those that brought parts of the country to a standstill in 2000 when petrol pumps ran dry. 

Both industries are furious at the planned one penny rise in fuel duty for April at a time when pump prices are already rising.  David Handley, Farmers For Action Chairman, said increased fuel bills are pushing some of his membes out of business.  The FFA will hold a meeting on Wednesday 19th Jan to discuss what action they...

Government urged to set up retail watchdog.

17th JanuaryPosted by Louise Taylor

The Government is being urged to speed up plans for a retail watchdog amid fears that farmers will bear the brunt of a supermarket price war.

The four big retailers, Asda, Tesco, Sainsbury's and Morrisons, started the New Year by slashing more than £1bn off shopping bills.  In its most agressive marketing campaign to date, Asda pledged to be 10% cheaper than its rivals.

Dairy farmers are on the front line as milk is increasingly sold for less than water in many supermarkets,...

Farmers yet to feel full effect of rise in fuel price.

14th JanuaryPosted by Louise Taylor

The Farmer Guardian reports that farmers are yet to feel the full effects of the hike in fuel costs and with feed and fertiliser prices rising on the back of it there could be a nasty surprise in store. 

Ray Engley, energy secretary of the Road Haulage Association (which has a livestock and milk hauliers specialist group) said most members in the sector 'probably don't have a fuel escalator built in and wish they had'.  He sayd the net result is that primary producers of milk and...

Beef producers could return to 2009 profit levels.

4th JanuaryPosted by Louise Taylor

The Farmers Guardian suggest that beef producers could hope for a return to 2009 profit levels.  Peter Pitchford points the forecast fall in production next year and says, although imports may cover some of the shortfall, there are tightening beef supply forecasts for both the EU and the rest of the world.  It would, however, mean that any imports would not necessarily be cheap.

The situation is coupled with increasing global demand, but Mr Pichford points out...

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