Framlingham sees rise in turnover
TURNOVER on both buying and selling activities at Framlingham Farmers rose 10% in the year to the end of June, 1999.
Over 131,000t of combinable crops were sold, up 12,000t. Group purchases rose to almost £24m, partly due to a bigger membership but also due to cheaper prices on several inputs, notably fuel.
Overall group surplus hit £74,228. The agricultural division contributed £56,842, which will be rebated to members early next year. Profits from Framtrade, the commercial arm, will be transferred to group reserves, which now stand at just under £847, 500.
During the year, Framlingham Farmers held talks with other groups in the eastern region. "As a result of these discussions, four groups are in the process of creating a company to purchase jointly a range, initially limited, of farm inputs," said chairman, Tony Preston. *