What to do with 23 acres of Farmland?

sbhomebird

Am hoping someone can help me with this.

My mother and I have 23 acres of farmland in a small village down the country, My mother has a house there. I live an hour away.
At the moment, the land is being rented out to an uncle who has benn paying the same amount of money for the last 35 years. He has been asked for a raise, but he thinks he's paying enough. If we asked him to take a hike, no other farmer would take it over.. code of land/farmers I believe or maybe also something to do with the small community.

It seems a shame to have it there, not really earning anything. Both my mother and I could be doing with it in these times. it is not going to be rezoned for housing anytime soon.

Any advice would be really appreciated.

Mr. Loverman

I guess you have no choice but to continue renting it to him?

Lucyn

Have a look at the FEPS scheme - planting forestry - they manage it, you get an income, good for environment....

neris

If your uncle thinks hes paying alot of rent and has been paying the same amount for 35 years he was either been massvivly overcharged in the past or is living in his own little world. No premises or property is worth the same rent as it was 35 years ago. Get the land valued by an estate agent and go back to him the only thing is with it being family it cause alot of tensions and argument

irishh_bob

neris wrote: »

If your uncle thinks hes paying alot of rent and has been paying the same amount for 35 years he was either been massvivly overcharged in the past or is living in his own little world. No premises or property is worth the same rent as it was 35 years ago. Get the land valued by an estate agent and go back to him the only thing is with it being family it cause alot of tensions and argument

+1 , OP , you and your aunt hold most of the aces here , from your post , one would think you were powerless , you are anything but , you should be charing minimum 100 euro per acre for the land and more if this man is drawing area aid which i suspect he is

freeze4real

Who would buy or rent 23 acres of land down in a country side ?

I probably would if I wanted to build a mansion or something.

If you were to sell it I don't think you would get a good value on it.

Getting it valued doesn't mean you one will get the appropiate amount it's worth.

chelle355

Farmers havent exactly had a good time of it lately. Chances are he cant afford to pay any more.

ravima

spread a bit of fertiliser and sell the silage on the stem. You should get around €100 per acer.

arrowloopboy

chelle355 wrote: »

Farmers havent exactly had a good time of it lately. Chances are he cant afford to pay any more.

My sector hasn't had a great time lately either,must tell the bar man tonight that i can only afford 1.50 a pint :rolleyes:.

Tipp Man

arrowloopboy wrote: »

My sector hasn't had a great time lately either,must tell the bar man tonight that i can only afford 1.50 a pint :rolleyes:.

Not a great comparison in all fairness - your expenditure on pints is purely discretionary. The farmer renting the land is incurring an expense and hence directly effects his profits

To the OP

If the land is of average quality you could expect €100 an acre, if it is good land it should be €150. Depending then on where in the country you are you could get more than that.

aidanki

Tipp Man wrote: »

Not a great comparison in all fairness - your expenditure on pints is purely discretionary. The farmer renting the land is incurring an expense and hence directly effects his profits

To the OP

If the land is of average quality you could expect €100 an acre, if it is good land it should be €150. Depending then on where in the country you are you could get more than that.

sounds like he is robbing you to be honest as he was farming it during the SFP years

its probably worth a lot more than €100 to him as he is claiming SFP based on it, unless your mother is getting it?

if you took it back off him he would be forced to rent 23acres somewhere else to claim the portion of the SFP that he is claiming from your land or otherwise miss out on that bit of the SFP

how much is the SFP worth to him, it depends on his line of farm business, how many cattle he had during the reference years, not even possible to guess, other than by going to dept of ag website and seeing how much SFP he gets and saying to yourself, with my 23acres he has Xacres total therefore 23/X acres is the fraction he is getting

is the land eligible for area aid

Tipp Man

aidanki wrote: »

sounds like he is robbing you to be honest as he was farming it during the SFP years

its probably worth a lot more than €100 to him as he is claiming SFP based on it, unless your mother is getting it?

if you took it back off him he would be forced to rent 23acres somewhere else to claim the portion of the SFP that he is claiming from your land or otherwise miss out on that bit of the SFP

how much is the SFP worth to him, it depends on his line of farm business, how many cattle he had during the reference years, not even possible to guess, other than by going to dept of ag website and seeing how much SFP he gets and saying to yourself, with my 23acres he has Xacres total therefore 23/X acres is the fraction he is getting

is the land eligible for area aid

Not necessarily true

He could just stack the entitlements - he doesn't necessarily need the 23 acres to claim for it. If its cattle based then he defo doesn't need the land

also the facility to look up people SFP has been pulled from the Departments website as far as i am aware - European court ruling as far as i can remember

the best thing the original poster can do is get an auctioneer to value it for renting and charge similar to his uncle. Lets be honest unless you have a large amount of land, renting land is not going to make you rich

aidanki

Tipp Man wrote: »

Not necessarily true

He could just stack the entitlements - he doesn't necessarily need the 23 acres to claim for it. If its cattle based then he defo doesn't need the land

also the facility to look up people SFP has been pulled from the Departments website as far as i am aware - European court ruling as far as i can remember

the best thing the original poster can do is get an auctioneer to value it for renting and charge similar to his uncle. Lets be honest unless you have a large amount of land, renting land is not going to make you rich

stack entitlements, whats that? never heard the term before

irishh_bob

Tipp Man wrote: »

Not a great comparison in all fairness - your expenditure on pints is purely discretionary. The farmer renting the land is incurring an expense and hence directly effects his profits

To the OP

If the land is of average quality you could expect €100 an acre, if it is good land it should be €150. Depending then on where in the country you are you could get more than that.

is that with or without maps