farming

farmingmad10

if you were given 200 acre farm now & €300,000 to invest in it what enterprise would you choose dairy beef tillage, sheep, pigs. what do you think would be the best choice based on what the future looks like now at present. dairying expanding but could get v volatile prices post quota removals, beef has lost markets for over 16 month bulls prices have remained to low for it to be profitable at present, sheep prices holding reasonably good but would they get enough profit out of your land, tillage has had poor prices too & is v volatile to prices & weather, pigs are the same.

sheebadog

farmingmad10 wrote: »

if you were given 200 acre farm now & €300,000 to invest in it what enterprise would you choose dairy beef tillage, sheep, pigs. what do you think would be the best choice based on what the future looks like now at present. dairying expanding but could get v volatile prices post quota removals, beef has lost markets for over 16 month bulls prices have remained to low for it to be profitable at present, tillage has had poor prices too & is v volatile to prices & weather, pigs are the same.

Go with what interests you the most. Invest wisely and that will teach you the easy way or the hard way.

ford 5600

farmingmad10 wrote: »

if you were given 200 acre farm now & €300,000 to invest in it what enterprise would you choose dairy beef tillage, sheep, pigs. what do you think would be the best choice based on what the future looks like now at present. dairying expanding but could get v volatile prices post quota removals, beef has lost markets for over 16 month bulls prices have remained to low for it to be profitable at present, sheep prices holding reasonably good but would they get enough profit out of your land, tillage has had poor prices too & is v volatile to prices & weather, pigs are the same.

Rent it out at 200 euro odd an acre, enjoy your 40,000 euro a year , spend the time you are not farming and the 300000 euro enjoying yourself. Sorry for my pessimistic answer but why not? Remember the yarn about the lotto winner who happened to be a farmer who was asked what he would do with his winnings, he replied he would stay farming until the money ran out. Farming seems to swallow money no matter what system you choose.

sheebadog

ford 5600 wrote: »

Rent it out at 200 euro odd an acre, enjoy your 40,000 euro a year , spend the time you are not farming and the 300000 euro enjoying yourself. Sorry for my pessimistic answer but why not? Remember the yarn about the lotto winner who happened to be a farmer who was asked what he would do with his winnings, he replied he would stay farming until the money ran out. Farming seems to swallow money no matter what system you choose.

Ahhhh Noooo.

Viewtodiefor

farmingmad10 wrote: »

if you were given 200 acre farm now & €300,000 to invest in it what enterprise would you choose dairy beef tillage, sheep, pigs. what do you think would be the best choice based on what the future looks like now at present. dairying expanding but could get v volatile prices post quota removals, beef has lost markets for over 16 month bulls prices have remained to low for it to be profitable at present, sheep prices holding reasonably good but would they get enough profit out of your land, tillage has had poor prices too & is v volatile to prices & weather, pigs are the same.

Keep your 300k and rent it out! You invest the 300k n it will take you a long time to make it back no doubt about that, (and may gobble more) where as u rent it at current prices and you'll bag 40k a year, easy money!

Only return maybe milk big commitment (big investment) for rewards that maybe volatile over next few years (last while price is good prob peaked )

Viewtodiefor

ford 5600 wrote: »

Rent it out at 200 euro odd an acre, enjoy your 40,000 euro a year , spend the time you are not farming and the 300000 euro enjoying yourself. Sorry for my pessimistic answer but why not? Remember the yarn about the lotto winner who happened to be a farmer who was asked what he would do with his winnings, he replied he would stay farming until the money ran out. Farming seems to swallow money no matter what system you choose.

Ya got there before me! Lol

Miname

when you get the 200 all you will worry about is where you'll get the next 200 acres. Id go with sucklers through to beef but that would be down to having a gra for hardship, financially it wouldnt be thee best move but if you couldnt make a reasonable wage of the 200 acres and have a reasonably enjoyable life, then the ground went to the wrong person.

kevthegaff

Milk 150+ cows with a full time labour unit and work as a farm manager, im sick of being both:-(

farmingmad10

funny posts lol I was expecting those tbh.

bbam

ford 5600 wrote: »

Rent it out at 200 euro odd an acre, enjoy your 40,000 euro a year , spend the time you are not farming and the 300000 euro enjoying yourself. Sorry for my pessimistic answer but why not? Remember the yarn about the lotto winner who happened to be a farmer who was asked what he would do with his winnings, he replied he would stay farming until the money ran out. Farming seems to swallow money no matter what system you choose.

Indeed..
How to make a million euro farming ???

Start off with two million euros !

sheebadog

Go for it. Learn to duck and dive. It'll be great fun!

farmingmad10

kevthegaff wrote: »

Milk 150+ cows with a full time labour unit and work as a farm manager, im sick of being both:-(

id say you would make a great income milking 150 cows alright. surely earn over €100,000 a year milking 150 cows. nearly 1 million litres & nearly €30,000 of a milk cheque

kevthegaff

Build a golf course designed by eamonn darcy for about 300k. Play away on your own and work on the handicap while drinking tequilla and rum:D

farmerjj

farmingmad10 wrote: »

if you were given 200 acre farm now & €300,000 to invest in it what enterprise would you choose dairy beef tillage, sheep, pigs. what do you think would be the best choice based on what the future looks like now at present. dairying expanding but could get v volatile prices post quota removals, beef has lost markets for over 16 month bulls prices have remained to low for it to be profitable at present, sheep prices holding reasonably good but would they get enough profit out of your land, tillage has had poor prices too & is v volatile to prices & weather, pigs are the same.

I,d retire.

sheebadog

farmerjj wrote: »

I,d retire.

Ahh Stop. Retire on what?

farmerjj

sheebadog wrote: »

Ahh Stop. Retire on what?

300,000 plus what ever 200acres
would make.

bbam

sheebadog wrote: »

Ahh Stop. Retire on what?

Sell the 200 acres and add that to the €300K..
Would be a good start !

micraX

Put up about 7 acers of guesthouses and poly tunnels. grow tomatoes, lettuce, peppers, cucumbers etc, harvest all rain water.
Then build a decent pack house with fridge, dicing facilities to go down the preped food line.
A cold store, machinery shed/hay barn, grain store decent work shop.
I'd grow 200 acres of cereals and rent/buy additional ground and grow spuds, cabbage, cauliflower, broccoli, leeks, turnips, carrots, parsnips, celery, celeriac, beetroot, scallions. Try sweetcorn and onions too. Then dice and prepare my own produce. Look into export markets too.
Run Masse. Ferguson's at 72 inch trac settings for beds, have veg packers and a Jones engineering self propelle. Carrot/parsnip lifter as well as various other specialised equipment.
And an over draft.

Viewtodiefor

farmerjj wrote: »

300,000 plus what ever 200acres
would make.

He can't sell for 7 yrs or sum thing otherwise he'll b screwed by d tax man!

farmerjj

Viewtodiefor wrote: »

He can't sell for 7 yrs or sum thing otherwise he'll b screwed by d tax man!

300000 would keep ya going till then,hopefully;)

farmingmad10

haha loving these posts!! no enthusiasm for farming to make money lol

farmerjj

farmingmad10 wrote: »

haha loving these posts!! no enthusiasm for farming to make money lol

Agh youth, when things were so innocent;)

mf240

Buy 250 jersey cows, build a milking parlour with no walls and a cubicle shed with no roof 1200 push down stakes 40 reels, three full sets of wet gear and a wheelbarrow.

jimmy G M

mf240 wrote: »

Buy 250 jersey cows, build a milking parlour with no walls and a cubicle shed with no roof 1200 push down stakes 40 reels, three full sets of wet gear and a wheelbarrow.

Would you even need a wheelbarrow?

ford 5600

jimmy G M wrote: »

Would you even need a wheelbarrow?

Sure it wouldn't be true hardship unless you were up to your oxters in crap with your head down and a wheelbarrow sapping the life out of you!! If you want hardship, couldn't you go to bootcamp a couple of nights a week or swimming and then a feed of pints? and then chips and a quarter ponder or two

Damo810

A fine crop of optimists here :PAC:

Would get a nice dairy set up. 150 holsteins with Mahoney to look after them, con to drain the place and Reggie to keep those unwanted visitors out.

Once things are settled I'll change to 250 jerseyx and force mahoney to accept they're the better choice

soda_maker

ford 5600 wrote: »

Rent it out at 200 euro odd an acre, enjoy your 40,000 euro a year , spend the time you are not farming and the 300000 euro enjoying yourself. Sorry for my pessimistic answer but why not? Remember the yarn about the lotto winner who happened to be a farmer who was asked what he would do with his winnings, he replied he would stay farming until the money ran out. Farming seems to swallow money no matter what system you choose.

if you place a 10 k per acre value on the land , that would be a 2% return which is pitiful

a 200 acre farm is huge and should return a profit of 100 k per year on a reasonably well run dairy farm going forward which is a 5% yield