Aberdeen & Northern Marts (ANM) are cutting their commission rate for shareholder customers. Rates will fall to 3.5% for store cattle and sheep for members of the co-op from the start of 2020.

There will be a maximum commission charge of £43.70 for store cattle. Breeding cattle sales will have commission charged at 3.5% with a cap of £60.80 per animal.

Non-ANM members will see their commission rates unchanged at 3.8%.

We are proud of these positive changes

To take advantage of the reduced rates, members will need to have a minimum of £500 shares in ANM.

ANM Group chair Pete Watson said: “We are proud of these positive changes and want to ensure that more and more farmers across the region take advantage of the transparency and best value that is on offer by selling in the ring.

“We’ve arranged a special board meeting towards the end of December to allow us to approve new member applications, ensuring everyone who wants to can take advantage of the new rates from 1 January 2020. We look forward to welcoming many new members to our co-operative.”