Blog Post

Chris Howie: Contracts trump rainbows and unicorns

Old fashioned business sense – As a seller or a buyer why didn’t you sign a contract ?? – too busy, they are old fashioned, agent didn’t have one, don’t understand them, I confirmed it on my mobile phone with a phone call etc etc. Ever tried buying a car or land without a contract!!

The recent reset of prices shows the importance of signing a contract. Each load of livestock is worth between $120,000 and $200,000 yet we seem to think a “nod and a wink” will hold up when the market corrects up or down by $1 a kilo liveweight. Rainbows and unicorns don’t help anyone in this…

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