Deals being sought for weanlings and stores


"Cattle exporters are an important link in the chain."

Deals being sought for weanlings and stores

  • ADDED
  • 26 days ago

"Cattle exporters are an important link in the chain."

Emerald Isle Beef Producers is currently "putting deals together", which "will increase the price of finished cattle, store cattle and weanlings".

In a statement, it said that it intends to work closely with exporters who provide "vital competition" for farmer's cattle.

"Cattle exporters are an important link in the chain. Exporters are willing to buy cattle in three different ways."

Method 1

"They are willing to attend special and ordinary sales in marts and bid for farmer's cattle in the mart environment."

EIBP said it would encourage this as the presence of shippers at marts with contracts will "always result in higher prices for farmers".

Method 2

It outlined that exporters also purchased store cattle and weanlings on a weigh-and-pay-basis in marts."This system also has its advantages, in that, the farmer generally knows before they leave home with his cattle, what price per kg they will get."

Method 3

"The third option is that shippers buy cattle directly off farmers from farms; this system also has advantages for both shippers and farmers."

"The farmer knows in advance what price per kg he will receive. He does not have the expense of transport."

"He does not have to bring cattle home that are unsuitable. His cattle will weigh from 12 to 25 kg heavier."

"Advantages for the shipper are: he can buy the cattle he wants and cattle are not exposed to diseases.

Payment

EIBP said it encourages all three methods, with a belief that it is important that farmers "have choice.

Secure payment, the statement noted, is "always an important concern" for exporters, marts and farmers.

"Exports to different countries will have different factors at play in this regard."

"Where letters of credit are not an option, shippers can insist on payment upfront before any cattle move." the statement added.

"Where letters of credit are an option, then the transaction will be secure."

With the more widespread use of online banking, it is now possible to have money on route to both shippers and farmers before cattle leave the country and respective farms, the statement explained.

This development, the statement added, helps take the risk out of selling cattle both through marts and off-farm.

Exporter's forum

EIBP has been invited to become a stakeholder in a new exporter's forum; the PO said it will be utilising this opportunity to "maximise returns for farmers".

"It will also be an opportunity to work with shippers to maximise exports of live cattle from the country which will help provide vital competition for cattle supplies."

"We will be setting up deals for weanlings and store cattle both from the suckler and dairy herd so that all farmers can benefit." the statement concluded.

Membership fees

To sell weanlings or stores through the group, there is no membership fee until Jan 2021, while to sell finished cattle through the group, a lifetime membership fee of €100 applies.

“For the lifetime entry fee, every member becomes an equal shareholder.” the PO said in a statement.

The group has also launched its new online registration service, which can be accessed here - contact one of the directors to obtain a copy of rules.

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