The Farmers Club Newsletter

Monday’s thinking and trends for the 11th of September 2023

By Dwain Duxson

Tell your friends and family about The Farmers Club. See the website link here.

Welcome to the 1st edition

This is officially the 1st edition of "The Farmers Club" newsletter. I am not sure where this is all headed, but it will unfold as we get into it. I hope you enjoy the new concept, and please tell your friends, family and colleagues to sign up.

A spot-on reply

We put out a "daily" about how Merino Lambs should be discounted 30c/kg compared with the Crossbred Lambs in the grid system. We suggested that all Merino Lamb sellers should just tick the Crossbred box. Steve from the Wimmera challenged that. He said a 25kg Lamb at a discount of 30c/kg is $7.50. XB skins are worth $2 to - $2. A Merino skin with 50mm of Wool is worth $10 to $15. Who is better off? Yep Steve, you make a good point. You have to weigh up where the dynamics of the market are at on the day.

The oldest profession

I got talking to a Farmer about loyalty in Ag and how Farmers are pretty loyal, except when it comes to price. We got talking about how most Co-op's don't work because it requires a commitment that a Farmer needs to keep. But when they see a better Wheat price over there or a lower MAP next door, they are off and taking a piece of the better deal. He said, "yep, Farmers are the world's best prostitutes". Farming and prostitution, a couple of the oldest professions going around.

An education from Nigel

We love steering Farmers in a direction where we think they can learn something. We often refer to it as "takeaways". It's such a complex game Farming, and that extra little bit of knowledge might just be the thing that catapults your business forward. One person whom I have got plenty of takeaways from is Nigel Kerin, Kerin Ag, Yeoval, NSW. This Wednesday, he has a webinar titled "Considered Decisions Making - Navigating Australia Ag through the booms and busts and today's fast-moving reality check". Click here for more info and to register. Worth tuning in.

End of message.

Dwain Duxson - [email protected] 

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