Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Inherited forestry - advise needed

  • 25-03-2015 7:18pm
    #1
    Registered Users, Registered Users 2 Posts: 208 ✭✭


    Friend of mine has just inherited 20 acres of foresty from his late father. The foresty is with Coillte and is a 40 year crop of conifers. The trees have been planted 20 years. His father was getting the dept agri subs plus a small payment from Coillte for last 20 years. The dept agri sub is to cease this year.

    I told him to ring Coillte to see where he stood enquire about thinnings and get an estimated value of maturity at clear fell for when the trees mature in 20 years time.

    They told him that he would continue to get a small Coillte payment approx €1800 per annum. That they will probably do some thinning soon but that he would get very little from that and that he is only entitled to 1% of the profit from the clear fell in year 40.

    This doesn't seem right to me. I thought the whole financial idea behind it would be a decent tax free lump sum at clear fell

    Any advise would be grateful


Comments

  • Registered Users, Registered Users 2 Posts: 2,625 ✭✭✭fergus1001


    They told him that he would continue to get a small Coillte payment approx €1800 per annum. That they will probably do some thinning soon but that he would get very little from that and that he is only entitled to 1% of the profit from the clear fell in year 40.

    They are renting the ground from your friends father that's why he only gets the 1% (probably in the contract)

    Seems very late for thinning ??


  • Registered Users, Registered Users 2 Posts: 135 ✭✭Moocifer


    Sounds like it's in the Coillte Farm Partnership Scheme. The extra payment after the premiums end is in return for Coillte getting the majority of the wood at clearfell stage. Anything he does with it now will very much depend on the original contract that was taken out with Coillte.


  • Registered Users, Registered Users 2 Posts: 208 ✭✭The Real Elmer Fudd


    Moocifer wrote: »
    Sounds like it's in the Coillte Farm Partnership Scheme. The extra payment after the premiums end is in return for Coillte getting the majority of the wood at clearfell stage. Anything he does with it now will very much depend on the original contract that was taken out with Coillte.

    He just got a copy of the original contract and is having a look over it. It would appear that he has to take on the same contract as his father had from an initial reading.

    Any other advise would be greatly appreciated!!

    Is there any other schemes he can enter into? Was there a scheme called freps in the past, reps for forestry.


  • Registered Users, Registered Users 2 Posts: 135 ✭✭Moocifer


    FEPS was only for newly planted Forests and available to those in REPS. It's not available any more. If he wasn't signed into that contract with Coillte then he would have been eligible for the full value of the clearfell when it was mature.

    If the Coillte contact wasn't in place he would have just got the 20 years premiums max along with whatever he could get for maybe a few thinnings on the site depending on the species. Then the clearfell value but the site would have to be replanted out of any money made at clearfell stage.

    Unfortunately your friend is very much tied up by that contract but he does get the payment from Coillte until the forest is ready for clearfell.


Advertisement