How to make money out of my land

danube

I have 20 acres of land in which I currently have two of my own donkeys grazing it. I would like to start making some money on it but I don't know where to start. I did have someone interested in grazing it with his sheep but I feel that is a bit dodgy. I heard that he could claim the land after a certain amount of time.

Therefore putting the option of leasing it aside, how else could I make some cash? I heard that Teagasc give grants and that I could get up to €10,000 a year from them.

JeffKenna

danube wrote: »

I have 20 acres of land in which I currently have two of my own donkeys grazing it. I would like to start making some money on it but I don't know where to start. I did have someone interested in grazing it with his sheep but I feel that is a bit dodgy. I heard that he could claim the land after a certain amount of time.

Therefore putting the option of leasing it aside, how else could I make some cash? I heard that Teagasc give grants and that I could get up to €10,000 a year from them.

Is there any diary farmer near you? If so sorted!

danube

JeffKenna wrote: »

Is there any diary farmer near you? If so sorted!

I'm not sure. Why?

Miname

danube wrote: »

I have 20 acres of land in which I currently have two of my own donkeys grazing it. I would like to start making some money on it but I don't know where to start. I did have someone interested in grazing it with his sheep but I feel that is a bit dodgy. I heard that he could claim the land after a certain amount of time.

Therefore putting the option of leasing it aside, how else could I make some cash? I heard that Teagasc give grants and that I could get up to €10,000 a year from them.

Nobody can claim your ground unless they get it for 11 years rent free and then they have to try claim squatters rights. As for 10k to be got in grants, it's not that good out there. Maybe disadvantaged area scheme payment if your in an area classed disadvantaged but your talking hundreds not thousands. I'm presuming you've no green cert and put in for no payments the last few years. Rent it out through a reputable auctioneer. You won't go wrong.

danube

Miname wrote: »

Nobody can claim your ground unless they get it for 11 years rent free and then they have to try claim squatters rights. As for 10k to be got in grants, it's not that good out there. Maybe disadvantaged area scheme payment if your in an area classed disadvantaged but your talking hundreds not thousands. I'm presuming you've no green cert and put in for no payments the last few years. Rent it out through a reputable auctioneer. You won't go wrong.

What's the most I would get for 20 acres if I was to rent it out? One man offered me €100 a month.
I know nothing about agriculture. I am in my 20s and my father died a few years ago leaving me the land.

Limestone Cowboy

danube wrote: »

What's the most I would get for 20 acres? One man offered me €100 a month.
I know nothing about agriculture. I am in my 20s and my father died a few years ago leaving me the land.

You won't get a hundred a month anyway could be anywhere from 100-250 per acre depending on land quality and how many people are interested in it.

Limestone Cowboy

danube wrote: »

If it was €100 per acre then doesn't that mean I would get €1,700?

20 x 100 is 2000 by my maths but that would be the lower end of the scale. is it dry free draining land or boggy ground covered in rushes?

JeffKenna

JeffKenna wrote: »

Is there any diary farmer near you? If so sorted!

If your land is adjacent to a diary farmer then you would be talking 2-300 rent per acre per year. I'd find it hard to see any better return in your current situation. If not then I'm afraid you would be getting significantly less than that.

danube

Limestone Cowboy wrote: »

20 x 100 is 2000 by my maths but that would be the lower end of the scale. is it dry free draining land or boggy ground covered in rushes?

Its dry land . There is also a forestry on it with access to the lake.

AP2014

danube wrote: »

Its dry land . There is also a forestry on it with access to the lake.

Sell it and €200,000 in your back pocket. Enjoy life!

danube

AP2014 wrote: »

Sell it and €200,000 in your back pocket. Enjoy life!

I would if I had the mutual agreement with my sister. Its not going to happen because I did say that I have two donkeys.

AP2014

danube wrote: »

I would if I had the mutual agreement with my sister. Its not going to happen because I did say that I have two donkeys.

You'll find a good home for them with the 200k.

danube

AP2014 wrote: »

You'll find a good home for them with the 200k.

But I might make more money in the longer term rather than selling it.

Sam Kade

danube wrote: »

But I might make more money in the longer term rather than selling it.

If you sell the first man with his hand out will be the auctioneer after that the solicitor then the tax man, your 200k will be looking fairly small after them.

Capercaillie

I have 25 acres of coastal machair. I used to lease it, but that did not work out (overgrazing, fences damaged etc). I work full time and don't have a green cert. I'm in the NPWS Corncrake farm plan now. I have a non-livestock herd number and farm the place myself (for Corncrake) and get paid by NPWS. Works out great.

Username John

Capercaillie wrote: »

I have 25 acres of coastal machair. I used to lease it, but that did not work out (overgrazing, fences damaged etc). I work full time and don't have a green cert. I'm in the NPWS Corncrake farm plan now. I have a non-livestock herd number and farm the place myself (for Corncrake) and get paid by NPWS. Works out great.

That would be an exception tho really, in that such schemes as the corncrake are only in a few places...

OP - if you are working full time, then the lease option is hard to beat. Just get a good auctioneer and tenant and you're sorted.
I would say 150 / acre would nearly be the minimum, but it really depends on a lot of factors...
Also income from farm leases is tax free, if let on a long term lease:
http://www.revenue.ie/en/tax/it/reliefs/leasing-farm-land.html

Kevhog1988

More info needed

Location,
Is there water etc


Forestry is a possibility alright but maybe if you dont mind a bit of graft rearing a few calves etc might be a better option. What did your father use the land for out of interest?.

Also try and keep your sister on side. There is nothing like land to cause a rift in a family. Luckily we have feck all land so wont cause any hassle at home lol.

kowtow

You could try Ostriches.

In many respects they are exactly the same as Irish politicians - expensive to buy, and stick their heads in the sand all the time.

But unlike politicians, you are allowed to kill them when they are fat enough, and they're tasty enough when you do.