Farm Tender Daily

Farm Tender Daily - All the news from Tuesday, the 28th of May, 2024.

Click here to go to the Farmer Tender website.

By Dwain Duxson

Have we been duped? - See snippets from an article I read recently at the bottom of the page. Also included is a graph that is related to household mortgages, but according to David Haydon from Agri Finance, Agriculture, lending follows a similar trend. 

So my question here is, have we been duped or hoodwinked by the Banks into the pitfalls of variable loans? Are variable rates better business for Banks? How much better off are UK or US Farmers or mortgage holders who used fixed rates as their primary source of lending? Have our Banks here been negligent in not giving us decent fixed-rate alternatives? So many questions.

I would love someone who is good at this to do a historical example of what the difference would be in, say, a 20 or 30-year House loan or a Farm overdraft or term loan.

I wonder how many of you fixed your loans when rates were low and are getting the benefit of that now. As David says below, seasons are variable enough, so combining that with a floating interest rate means there is more than enough risk in what we do. Are you variable or fixed? And do you wish you had fixed your rate when interest rates were low, or is it not as simple as that? Reply to [email protected]

The Farmers Club headlines - Our 3 topics tomorrow are:
1) Thinking big. Creating pin-drop moments. (Free).
2) What happens when you lose your identity? (Paid).
3) Having blocks of Land spread all around the place can eat into efficiency. (Paid).
If you enjoy this newsletter, then The Farmers Club is this one but on steroids. Sign up here for free.

Clearing Sale Auction - 29th of May, 8 am to 8 pm. Acc - Glendhu Grazing Co. Click here.

Securing Food Supply Survey - This survey here is aimed at Victorians, but if you are outside Vic and feel strongly enough about this matter, please don’t hesitate to fill it out. This has been commissioned by the Parliament of Victoria, so here is your chance to have some real impact. See the press release here.

Today's Trends - Sales trends included Vetch Hay, Pasture Hay, Barley, Prime Movers, Clover Seed, Wheaten Hay, Mother Bins, Lucerne Hay, and Oaten Hay

End of message

Dwain Duxson
P - 0427 011 900
E - [email protected] 

What was listed today.

What was sold today.