Bygones: War of words between grain growers and buyers
Farming Independent from August 6, 1996
Grain farmers were on the march last week to protest against plummeting prices. It was a similar story 20 years ago this month when the opening quotes of £85/t for barley was down by as much as £10 on 1995 prices.
“The war of words on price between growers and buyers continues,” reported the Farming Independent.
“IFA has reiterated that merchants and co-ops should pay £95/t.”
It was also “turning out to be a very late harvest with ripening of all crops more than a week behind normal.
There was also a gloomy outlook in the beef sector due to a “dramatic shakeout in prices at many levels”.
“Cattle farmers two years ago had some capacity for investment and this means that costs probably ran a bit more free and have gone out of line,” said one beef expert.
“Their standard of living has risen a little — it’s very hard to pull back the costs that have gone up. Farmers will be stuck with borrowings.”
The Department of Agriculture’s July figures showed that average prices for continental store bullocks were down by 19pc (£98) on the previous year. Continental beef bullock prices were 16p lower.