Is there a good living from dairy Farming on 80acres

exercise is the antidote

As above ! Starting from scratch, i am young and am dew to inherent my dads farm but its in tillage and I am only interested in milking cows. I am wondering if there is any point! currently in college and working on dairy farm the weeknds, 80acre milking block by the way all silage else where. No parlour, some sheds, a slatted unit, little grass, no roads, lots of reclaiming and lots of reseeding, and stock the farm. And live a life at the same time e.g pay a mortgage, kids in future etc.
I would love it to work but being realistic my chances very slim, with little to no chance of banks lending .

Timmaay

exercise is the antidote wrote: »

As above ! Starting from scratch, i am young and am dew to inherent my dads farm but its in tillage and I am only interested in milking cows. I am wondering if there is any point! currently in college and working on dairy farm the weeknds, 80acre milking block by the way all silage else where. No parlour, some sheds, a slatted unit, little grass, no roads, lots of reclaiming and lots of reseeding, and stock the farm. And live a life at the same time e.g pay a mortgage, kids in future etc.
I would love it to work but being realistic my chances very slim, with little to no chance of banks lending .

Certainly possible, but you would need some source of funds. Any dairyfarmer nearby who would be interested in a partnership? 80acres is a fairly nice item to be bringing into a partnership on your front!

exercise is the antidote

Timmaay wrote: »

Certainly possible, but you would need some source of funds. Any dairyfarmer nearby who would be interested in a partnership? 80acres is a fairly nice item to be bringing into a partnership on your front!

Closest dairy farm would be 5 miles away ? There is land rented by a dairy man adejacent too use alright!

sawdoubters

http://www.independent.ie/business/farming/irish-dairy-farmers-see-incomes-surge-by-15pc-thanks-to-high-milk-prices-29825834.html

farmerjj

Yes you should make a good enough living but you cant afford big mistakes,if you have good yielding cows with good solids you,l be fine.. only thing is will you have 2 put up a lot of new sheds?? That could be a problem if you,v 2 put up 3/4 sheds to start.

Greengrass1

This k freedom quoted a figure of 150k for new entrants. Hard to get that sort of money so young

delaval

exercise is the antidote wrote: »

As above ! Starting from scratch, i am young and am dew to inherent my dads farm but its in tillage and I am only interested in milking cows. I am wondering if there is any point! currently in college and working on dairy farm the weeknds, 80acre milking block by the way all silage else where. No parlour, some sheds, a slatted unit, little grass, no roads, lots of reclaiming and lots of reseeding, and stock the farm. And live a life at the same time e.g pay a mortgage, kids in future etc.
I would love it to work but being realistic my chances very slim, with little to no chance of banks lending .

In a word yes. Lots of people making a really good living with good management and disciplined drawings.

I'm guessing you're still young. I would suggest some experiance with a few top class operators in order to experience the everyday management of a dairy farm.

You could be doing some work on your own ground as you work for another farmer, reseeding, fencing, water, drainage etc. An option would be to let the farm to a good operator for 5 years in order to get this done. I would also suggest getting into some stock as they can be traded up to dairy stock when required.

Don't panic about a milking set up as a second hand parlour can be fitted into a shed to get going. You have slats and cows can be housed on slats. the only thing you need is to be compliant with slurry storage.

Weshtlad

Greengrass1 wrote: »

This k freedom quoted a figure of 150k for new entrants. Hard to get that sort of money so young

Hey Greengrass, what do you mean by K freedom? Thanks

Greengrass1

Weshtlad wrote: »

Hey Greengrass, what do you mean by K freedom? Thanks

Ment to say 'think' freedom quoted a figure on here

maxxuumman

Weshtlad, what are you doing in college. Is it ag college, or non farm related.

Weshtlad

Maaxxuuman, I'm doing a teaching course at the moment, why?

maxxuumman

Weshtlad wrote: »

Maaxxuuman, I'm doing a teaching course at the moment, why?

I'm just wondering from an income point of view, what your options were.
What's the salary of a teacher offer 10+ yrs service, ~40k
Minimum income from land as it stands at the moment without any investment I would be about 16k-20k.
You could have an income of around 60k with excellent hours and no hastle. And no worrying about pension.
Or milk cows with an income of maybe 40-45k and have a debt to pay and a pension to organise.
Just something to think about.

Timmaay

maxxuumman wrote: »

I'm just wondering from an income point of view, what your options were.
What's the salary of a teacher offer 10+ yrs service, ~40k
Minimum income from land as it stands at the moment without any investment I would be about 16k-20k.
You could have an income of around 60k with excellent hours and no hastle. And no worrying about pension.
Or milk cows with an income of maybe 40-45k and have a debt to pay and a pension to organise.
Just something to think about.

Hmmmmmmmmmm, teaching is far from the gravytrain it might have been back in the day, heres a very good thread explaining the issues faced by the current crop of teacher training graduates: http://www.boards.ie/vbulletin/showthread.php?t=2057159912.

Clutch Pack

Madness to even think about it imo.
The headlong rush into dairying is grossly oversold and will lead to huge problems in the not too distant future.

Sam Kade

Clutch Pack wrote: »

Madness to even think about it imo.
The headlong rush into dairying is grossly oversold and will lead to huge problems in the not too distant future.

What problems do you foresee?