Buying Power of Machinery Rings Providing A Degree Of Certainty

The Scottish Machinery Rings Association (SMRA) has once again supported thousands of farmers and rural businesses through a successful harvest season, despite energy and labour hardships.

The nine-strong rings that make up SMRA collectively represent over 7250 member businesses, spans the length and breadth of Scotland, delivering extensive services to their members, ranging from machinery and commodity provision, to training and skills development.

Bruce Hamilton, Chief Executive at Tayforth Machinery Ring, explained about the collective power of a machinery ring and said:

“A dry harvest meant that volumes of Gas Oil were down for us between June and September, but the price is 40% higher than last year. With everyone talking about these incredible increases in costs, we know how worrying the outlook is for farmers.

“Fortunately, we had already fixed prices for fuel for this harvest, so it insulated our members from market price increases during this time.”

During this challenging climate, the Machinery Rings’ buying power enables them to solidify forward contracts and provide a degree of certainty for all sizes of businesses; this includes for utilities, fertiliser and other inputs.

The Machinery Rings have been one of the keystones of Scottish agriculture in recent times, and their success is evidenced through their expanding network of farmers, contractors and rural businesses.

Bruce Hamilton points out that “unlike a limited company, the profits that they secure are not taken out of the business, but instead reinvested back into the rings which are all cooperatives.”

Painting a positive picture of the future, he states:

“All Rings have expansion plans. They want more staff to look after members better, better equipment, better offices and the likes. That way, we can truly support the sector, now and in the years to come”.

To find out more about the Scottish Machinery Rings and how they could benefit you, head to the website below.

Image credit: Bell

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