This week’s move by Aurivo marts to engage with customers on new buying arrangements is clearly linked to the value of all cattle right now. Other marts have already or will soon begin to move in a similar fashion.
Cattle prices have risen by €600-€800/head in the last 12 months, and with that comes a huge additional financial risk for marts and farmers alike.
Some marts will see autumn turnover rise by over €1 million per week. While new credit arrangements may be difficult for some buyers, the protection of marts, and their shareholders, for long term viability must be priority.
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This week’s move by Aurivo marts to engage with customers on new buying arrangements is clearly linked to the value of all cattle right now. Other marts have already or will soon begin to move in a similar fashion.
Cattle prices have risen by €600-€800/head in the last 12 months, and with that comes a huge additional financial risk for marts and farmers alike.
Some marts will see autumn turnover rise by over €1 million per week. While new credit arrangements may be difficult for some buyers, the protection of marts, and their shareholders, for long term viability must be priority.
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