10-07-2014 10:20 AM | United Kingdom

Cattle farmers have plenty to beef about

Last week saw Defra's Farming Minister, George Eustice, chair a so called "Beef Summit" with a view to dealing with the desperate situation the British Beef Industry finds itself in. In the last year beef prices have plummeted by around 20 per cent which is posing very real problems to beef farmers, particularly those who "finish cattle".

What is interesting to note here is that most farmers who finish cattle, purchase animals, called "store cattle", from other farmers usually by auction at livestock markets. Here it is argued there is fair and open competition and thus the price paid represents the true open market value of the livestock purchased.
Full Story : Wells Journal