Trust trading launch
A NEW trading concept, designed to cut farmer costs, is being launched by Scotlands largest requisites co-op, Aberdeenshire-based North Eastern Farmers.
Called trust trading, it requires an advance commitment by members to buy inputs such as feed, seed and fertiliser. The firm then uses that commitment to negotiate with suppliers for preferential prices based on the bulk order.
"Trust trading is a genuine attempt to cut costs at a time when all farming sectors are experiencing low returns. It gives real buying power to primary producers," says NEFs Brian Hutchison.
"But it can only work if producers are committed to the principle of co-operation, and we are asking our 8000 members to back the scheme. It can benefit both NEF and our members, giving real buying power, streamlined distribution, and lower costs," he says. *