came into money

sean98

Hi, i am a young lad and recently came into a few bob. I am very interested in farming and live on a farm. I would appreciate if anybody could tell me what would be a profitable (if there is such a thing) buy to make a few more bob, thanks

munkus

sean98 wrote: »

Hi, i am a young lad and recently came into a few bob. I am very interested in farming and live on a farm. I would appreciate if anybody could tell me what would be a profitable (if there is such a thing) buy to make a few more bob, thanks

Stay away from farming and hold onto your few bob.

delaval

sean98 wrote: »

Hi, i am a young lad and recently came into a few bob. I am very interested in farming and live on a farm. I would appreciate if anybody could tell me what would be a profitable (if there is such a thing) buy to make a few more bob, thanks

Inject some into an existing dairy operation as an equity investment.

sean98

delaval wrote: »

Inject some into an existing dairy operation as an equity investment.

God dont no if i have that much money! Was thinking more along the line of buying a few springers to sell again when they calved etc.

manjou

You wont have much money left if you do that.

moy83

sean98 wrote: »

Hi, i am a young lad and recently came into a few bob. I am very interested in farming and live on a farm. I would appreciate if anybody could tell me what would be a profitable (if there is such a thing) buy to make a few more bob, thanks

You could buy a few light weanlin heifers , they wont take up too much space and you can sell them on or keep them as sucklers if you want to start up a herd in a few years . Dont use all your money up though , its always nice to have savings when you're young !

jimini0

Get yourself a good shovel and boots. Then walk to a secluded part of the farm and bury the money. You won't make any profit but its the wise thing to do with it. Don't do it in daylight or with a machine that seems to attract attention like what happened in limerick

BENDYBINN

Grow vegetables-great money to be made especially around Christmas time!

restive

Could you give us a ballpark figure of the amount?

sean98

moy83 wrote: »

You could buy a few light weanlin heifers , they wont take up too much space and you can sell them on or keep them as sucklers if you want to start up a herd in a few years . Dont use all your money up though , its always nice to have savings when you're young !

Thanks! Ya something like that would be ideal! Might get looking in the new year.

rs8

restive wrote: »

Could you give us a ballpark figure of the amount?

and then split it with us :D

mahoney_j

Buy some bank of Ireland shares!!!!!!.i bought some at 8 cent when I packed in the day job in 09 and there now worth 28 cent.

mahoney_j

Buy some bank of Ireland shares!!!!!!.i bought some at 8 cent when I packed in the day job in 09 and there now worth 28 cent.

Viewtodiefor

mahoney_j wrote: »

Buy some bank of Ireland shares!!!!!!.i bought some at 8 cent when I packed in the day job in 09 and there now worth 28 cent.

Did the same myself didnt get them at 8 though, bought at 11cent still I can't see us loosing out if the state wants two viable banks in the country.
I'm very tempted to go again!

randomperson12

if your a small farmer you should try smallholding its farming but small would be easy for a person with money to start up in

Username John

randomperson12 wrote: »

if your a small farmer you should try smallholding its farming but small would be easy for a person with money to start up in

?

What exactly is the difference between a small farmer and a small holding?

And what are you recommending the OP to "start up in?" What does he spend the money on?

sean98

restive wrote: »

Could you give us a ballpark figure of the amount?

Lets just say 4 numbers
3 zeros

delaval

sean98 wrote: »

Lets just say 4 numbers
3 zeros

9000 blow it on whores and coke, like the guys in Love Hate

jersey101

sean98 wrote: »

Lets just say 4 numbers
3 zeros

buy a pile of heifer calves and sell them on the point of calving in two years

mf240

delaval wrote: »

9000 blow it on whores and coke, like the guys in Love Hate

I prefer fanta.

sean98

jersey101 wrote: »

buy a pile of heifer calves and sell them on the point of calving in two years

Ya, was thinking of maybe buying a few weanlings in the new year and selling springing. Would that be a good return or is there a better buy?

jersey101

sean98 wrote: »

Ya, was thinking of maybe buying a few weanlings in the new year and selling springing. Would that be a good return or is there a better buy?

yep if you have plenty of grass for them all year if should give ye a few pound back, as long as you dont have to feed much meal

sean98

jersey101 wrote: »

yep if you have plenty of grass for them all year if should give ye a few pound back, as long as you dont have to feed much meal

Would they have a better trade then bulls and would bucket raring bulls/heifers be a good business to sell as weanlings??

onyerbikepat

sean98 wrote: »

Lets just say 4 numbers
3 zeros

Come back and talk to us when you've turned it into 6 zeros. We'll let you into the inner circle then.;)

rs8

keep the money and go traveling! you could see alot with €5000 plus

sean98

rs8 wrote: »

keep the money and go traveling! you could see alot with €5000 plus

I do that anyway

Dfmnoc

Hi sean this is your cousin john from africa, i would like to add to your fortune please forward your address and bank details

Keyzer

sean98 wrote: »

Hi, i am a young lad and recently came into a few bob

No wonder our bank notes are filthy...

Timmaay

sean98 wrote: »

Ya, was thinking of maybe buying a few weanlings in the new year and selling springing. Would that be a good return or is there a better buy?

That dairy heifers your talking about? Very hit and miss 2bh, Teagasc say it costs a min of 1400 to rear a replacement heifer (this figure does include landcharges/labour etc). Currently most are only worth 1200quid max, thats due to the looming superlevy granted, however come 2015, we have no idea what either the weather, or milkprice will be like. The biggest problem with replacement heifers is most dairyfarmers have decent scope to knock out excess numbers of heifers, in general they will rare too many, with the view to having a pick of the best of them, and flog on the worst/late calvers etc. The other issues for you are economy of scale, 9grand will only allow you to have afew heifers, then things like getting them incalf, are you going to use AI (difficult with heifers, requires lots of supervision!), or a bull (more $$ and another mouth to feed). Them bank of Ireland shares are looking much more appealing! (god what is wrong with our industry, that even bloody bankshares are a better bet :P)

mahoney_j

Timmaay wrote: »

That dairy heifers your talking about? Very hit and miss 2bh, Teagasc say it costs a min of 1400 to rear a replacement heifer (this figure does include landcharges/labour etc). Currently most are only worth 1200quid max, thats due to the looming superlevy granted, however come 2015, we have no idea what either the weather, or milkprice will be like. The biggest problem with replacement heifers is most dairyfarmers have decent scope to knock out excess numbers of heifers, in general they will rare too many, with the view to having a pick of the best of them, and flog on the worst/late calvers etc. The other issues for you are economy of scale, 9grand will only allow you to have afew heifers, then things like getting them incalf, are you going to use AI (difficult with heifers, requires lots of supervision!), or a bull (more $$ and another mouth to feed). Them bank of Ireland shares are looking much more appealing! (god what is wrong with our industry, that even bloody bankshares are a better bet :P)

Only prob I see with that is that if I wanted good stock (high ebi etc).there is no way I would go to a guy like that.i would want to see milk records and what the rest of the herd is like.also disease risks if buying from a few different sources.personally don't think its a runner as it costs a lot of money to rear a replacement heifer

coolshannagh28

Buy entitlements apply for the organic scheme and wrestle your way into any other free money you possibly can young farmers qualify for a lot of this so get on to an adviser !

randomperson12

ya he should do that

MFdaveIreland

jersey101 wrote: »

buy a pile of heifer calves and sell them on the point of calving in two years

Any market it that u think jersey, interested myself

randomperson12

i wontdnt advise anyone here to go near a bank for a loan


invest in sheep or organic or the cow stuff mentioned above

its pointless getting into dairy unless you want a loan breaking your back
also alot of the big shots are able to get into that hard for a starter to
get in even though you get more grants because your young

divillybit

The best investment for a young lad with a few bob would be in education. Stay away from putting money into your farm. Go do something like mechanical engineering in an IT, guys from a farming background are mechanically inclined and you'd enjoy doing engineering I would think. There is lots of very good careers than can stem from a mechanical engineering background. Id stay away from doing Agriculture courses as the Ag colleges are packed at the moment and I cant see where all the jobs for Ag graduates will come from. Im a farmers son myself, and I work in the private sector for a utilities company and after a weekend at home farming you'd be a lot more appreciative of a non farm job. There's lots of lads slaving away on farms making little from it. Don't go down this route.

Timmaay

I'm a qualified mech engineer also, and would tend to agree with ya on the whole :P. In my case I guess I'm lucky enough that my dad had build up a nice profitable farm already, and I know I can take it up another level. On the whole it depends on the type of person you are, if you have a decent business head and know your area of agriculture well, no reason you can't make it down the line, but for many people, it's not worth it and easier ways to make money I'll agree, and education is a good start.