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Dairy Chitchat 4, an udder new thread.

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Comments

  • #22082
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/122198968#Comment_122198968

    Yes from the look of the auction they were sold seperate. Really surprices that the 27 acres and the 52 acres went for even money especially the 52 acres. Two bidder seemed to have pushed it on from the look of the video and then the lad that had it going on to the market gave up when he was counter bid on the market.

    Slava Ukrainii



  • #22083
    ginger22
    Registered Users Posts: 1,780 ✭✭✭ginger22


    Well it had a grand old house and courtyard with stables. The horsey set might have been after it also. But then again it was only 90 acres. Hardly a stand alone viable commercial farm going forward.



  • #22084
    Kerry2021
    Registered Users Posts: 224 ✭✭Kerry2021


    can anyone tell me what the 3 smaller lots made just for my own curiosity 🙂

    my guess from the way ye are talking is the 27 acres & 12 acres lots both @ €20,000/acre and the 52 acres at €10k?



  • #22085
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/122200419#Comment_122200419

    The 12 made 225k. Probably some one that wants to build a house on it about 19/acre. The 27 made 500k which I taught was tge most expensive lot for what it was. 18.5k/acre. The 52 made 600k, 11.5k/acre not too bad considering all the roads money that will be around there.

    https://www.boards.ie/discussion/comment/122200413#Comment_122200413

    Ya I taught the house was a fabulous piece of property with potential. Maybe horsey however when you consider you are only 10 about minutes from Foynes and the new road. It within a village bounds AFAICS from land direct. Maybe a builder/developer with longterm vision. By 2030 the new road will he complete. Foynes has the ability to become a marquee satellite town off Limerick similar to Adare and Castleconnell.

    If he wanted the house yard and 30-50 acres for himself he turn a few bob on the rest if he got planning for 50-100 houses on part of it.

    The 52 acres was value IMO if you could afford it. There is a derelict house on it and a nice bit of road frontage.

    WWatching Tom's body language he expected the 27 acres to sell well so I suspect that there was two bidders with money involved

    Slava Ukrainii



  • #22086
    Kerry2021
    Registered Users Posts: 224 ✭✭Kerry2021


    https://www.boards.ie/discussion/comment/122200593#Comment_122200593

    Ya I think as well myself that the 52 acres at €600,000 is very good value. A huge amount of road frontage. It looks like great land from the photos. As you mentioned there’s a derelict house on it and sure if they sold that off with an acre wouldn’t it probably make €100,000 no bother. We’ve a place not far from there for the heifers, it’s much the same size and what we have would only be worth half what that farm is after making in my honest opinion



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  • #22087
    Jack98
    Registered Users Posts: 593 ✭✭✭Jack98


    https://www.boards.ie/discussion/comment/122200593#Comment_122200593

    I don’t see the whole road money angle, are most affected by it not in the adare area the best part of a half hour away. As for satellite town all the villages that have exploded in the last 20 years in limerick are 15 mins from the city.

    The most likely buyer of the yard and house would be a businessperson with an interest in farming and possibly an eye at doing the house up for events etc and of course inter generational wealth transfer.

    They’ll get the best part of 30k to rent out the farm before they do anything with the house every year.



  • #22088
    Jack98
    Registered Users Posts: 593 ✭✭✭Jack98


    https://www.boards.ie/discussion/comment/122200633#Comment_122200633

    I was in ag college with a guy from down that way he was saying before it was sold that 50 acre lot was heavy and wouldn’t make near what the rest would go for.



  • #22089
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/122200661#Comment_122200661

    ThE Adare bypass is not not the Adare bypass. Its actually the Limerick Foynes Road. The pieces of that farm that are between Ardagh and Shannagolden are not 5-7 minutes from that roadway. When the Limerick Foynes road opens Foynes will only ve 20 minutes from the Raheen industrial estate.

    Kilcolman will be about 7_10 minutes from the Foynes or Askeaton Junction at a guess and about 12-15 minutes from the Rathkeale Junction.

    All the hinterlands off that new road will become more valuable especially within village bounds.

    Slava Ukrainii



  • #22090
    Jack98
    Registered Users Posts: 593 ✭✭✭Jack98


    https://www.boards.ie/discussion/comment/122200716#Comment_122200716

    I hadn’t realised that thought they were just fast tracking the adare bypass section for now, looked up the plans for it there would be a lot of farmers between foynes and rathkeale getting road money so.



  • #22091
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/122200787#Comment_122200787

    The NRA are fencing off the complete road at present AFAIK. Yes the Adare part is fast tracked as in it will be tendered and completed for the 2027 Ryder cup. However the complete road will be do e by 2028/29 is my understanding. All the land required has been served Notice to Treat. NtT has to be served with 12 months of planning being approved which happened for the complete road last autumn.

    My understanding is that first offers went out over a months ago. With the age profile of farmers and the 750k retirement allowance as well as the fact unless it consolidation you have to pay the gains tax I think the effect on land prices is not as great as many imagine.

    However the development potential within these hinterlands will be significant.

    Slava Ukrainii



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  • #22092
    atlantic mist
    Registered Users Posts: 1,279 ✭✭✭atlantic mist


    https://www.thenationalnews.com/business/technology/2022/01/12/how-vr-goggles-sooth-cows-and-help-a-turkish-farmer-produce-more-milk/#:~:text=The%20use%20of%20VR%20goggles,of%20the%20milk%20they%20produce.

    must get these added to TMAS:) the indoor cow can be fooled into thinking shes outside on grass, could we fool the irish cow into thinking its sunny all the time, and never rains



  • #22093
    jaymla627
    Registered Users Posts: 6,702 ✭✭✭jaymla627


    Should be a paid advertisement by Irish co-ops at the end of this scutter wrote by aidan,

    Screenshot_20240530_092447_Chrome.jpg

    If they slow roll the increases and give token rises over the next 3 months, they'll be making a noose for their own necks



  • #22094
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,260 ✭✭✭✭mahoney_j


    https://www.boards.ie/discussion/comment/122201297#Comment_122201297

    he’s in the coops pocket now as well 🙄🙄with the way futures are and current market returns a base price of at least 43/44 before any of the other bs top ups support payments etc are added ….they could drop prices 5/6 cent in one go as suppliers and shareholders we should fully expect price rises of similar now



  • #22095
    Jack98
    Registered Users Posts: 593 ✭✭✭Jack98


    https://www.boards.ie/discussion/comment/122201626#Comment_122201626

    You could expect a base price of 43/44 by August maybe when the non existent peak supply for this year has passed. You’ll get the exact spiel from co ops as brennan has there everything was forward sold months out, not much forecasted demand, no one’s buying they all stocked up ages ago etc.

    In reality co ops are probably thinking even if 5-10% of suppliers left at the end of the year that if we returned to some bit of weather normality next year and yields creep up again they’ll be no worse off milk pool wise. It would take a huge drop in milk supply for them to shake things up and then with increased processing costs I doubt the farmer will be any better off financially in the milk statement.



  • #22096
    Freejin
    Registered Users Posts: 175 ✭✭Freejin


    Wouldn't it be great to know a couple of months in advance what milk price would be.......a fella might give an extra pull of meal in the parlour if it was worthwhile



  • #22097
    whelan2
    Registered Users, Registered Users 2 Posts: 29,665 ✭✭✭✭whelan2


    https://www.boards.ie/discussion/comment/122202545#Comment_122202545

    Ye, indeed, tirlan have been in June since last Saturday, which we wont get paid for until july



  • #22098
    Gman1987
    Registered Users Posts: 375 ✭✭Gman1987


    https://www.boards.ie/discussion/comment/122202557#Comment_122202557

    Yet the excuse will be that they have forward contracts locked in so wont be able to return a milk price that is representative of the current spot market. If they have forward contracts they should be able to provide a forward milk price. Majority of the UK processors annonce the milk price in advance so I dont know why the irish suppliers can do likewise.



  • #22099
    farmertipp
    Registered Users Posts: 682 ✭✭✭farmertipp


    dairygold going to hold s.g.m. to amend rule 79 to allow them to collect from outside their area. that's their answer to dwindling supplies. no talk of cutting costs. line up folks!



  • #22100
    kevthegaff
    Registered Users Posts: 7,001 ✭✭✭kevthegaff


    https://www.boards.ie/discussion/comment/122203265#Comment_122203265

    Maybe Co.ops might start to panic, could get interesting..



  • #22101
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,260 ✭✭✭✭mahoney_j


    https://www.boards.ie/discussion/comment/122203522#Comment_122203522

    next few years will be very interesting …gloves will be off when it comes to securing milk …there will be casualties



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  • #22102
    kevthegaff
    Registered Users Posts: 7,001 ✭✭✭kevthegaff


    https://www.boards.ie/discussion/comment/122204127#Comment_122204127

    I think the msa is keeping some co ops going, if farmers started to jump ship what else have they got(not many high value products)



  • #22103
    visatorro
    Registered Users Posts: 3,283 ✭✭✭visatorro


    https://www.boards.ie/discussion/comment/122203265#Comment_122203265

    As in they can canvass other coops suppliers for milk? Didn't think they would do that!



  • #22104
    whelan2
    Registered Users, Registered Users 2 Posts: 29,665 ✭✭✭✭whelan2


    Might bring some competition to the market.



  • #22105
    mr.stonewall
    Registered Users, Registered Users 2 Posts: 1,808 ✭✭✭mr.stonewall


    https://www.boards.ie/discussion/comment/122205204#Comment_122205204

    And also bring better competition to the agri trading side of things. I know the local Co-op here in is pig dear for general hardware items. Cutting the link from milk to this might force these businesses to actually fight for their trade

    Post edited by mr.stonewall on


  • #22106
    alps
    Registered Users, Registered Users 2 Posts: 5,044 ✭✭✭alps


    https://www.boards.ie/discussion/comment/122205062#Comment_122205062

    We're definitely looking at a changing landscape. I do know that there are quiet a number of suppliers of a coop (difficult times) with approaches made to other coops and then you have the Kerry Producer group with an available milk pool looking for best offers.



  • #22107
    Kerry2021
    Registered Users Posts: 224 ✭✭Kerry2021


    According to this article the farm that sold for the big bucks in Limerick had a Cork dairy farmer as the under bidder on the 97 acre lot. Apparently he was buying it for his son. Including fees and all it would have been about €3m for the 97 acres, don’t know how much of a living there is to be made out of 97 acres nowadays.

    The farm was bought by an accountant bidding on behalf of his client. If it was the big dairy farmers next door to it that bought it then you’d have to guess that is what they’d do, hire a stranger to bid on it. Best of luck to them all anyway. Very interesting auction indeed.

    https://www.limerickleader.ie/video/home/1514852/record-price-limerick-farm-sells-for-over-4m-in-hotly-contested-auction.html



  • #22108
    Jack98
    Registered Users Posts: 593 ✭✭✭Jack98


    https://www.boards.ie/discussion/comment/122205755#Comment_122205755

    Bought by a businessman as bass rightly guessed a developer I was told, boys next door bought another one of the two bigger parcels I believe.



  • #22109
    farmertipp
    Registered Users Posts: 682 ✭✭✭farmertipp


    https://www.boards.ie/discussion/comment/122205062#Comment_122205062

    I presume that's it. take the suppliers let the coop go to hell . they have an msa which requires 2 yrs notice to quit . so I presume other coops have similar.



  • #22110
    visatorro
    Registered Users Posts: 3,283 ✭✭✭visatorro


    I know tirlan and lakeland will tell you they don't poach existing suppliers off each other. There is a good number of dual suppliers. So they have 2 poor paying coop to supply.

    Tirlan weren't pushing too hard for new suppliers around here anyway in the expansion years. Everyone went to lakelands.



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  • #22111
    wrangler
    Registered Users, Registered Users 2 Posts: 11,190 ✭✭✭✭wrangler


    https://www.boards.ie/discussion/comment/122205775#Comment_122205775

    A big developer from limerick used to rent my entitlements, I wonder.

    He went down the leasing route latterly and didn't need them.

    He owned lots of development land and really young and came across as very nice and normal



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