€40000 a year rent.

Milkybar Kid.

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

farmerjj

Milkybar Kid. wrote: »

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

There's always one!

stanflt

Milkybar Kid. wrote: »

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

That prob includes sfp on same land- ie sfp transferred with the land

pedigree 6

Milkybar Kid. wrote: »

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

You're getting 3 free tickets from your Glanbia branch and do so every year plus looking to buy a new slurry tanker and hedgecutter and you're tillage farming.

Are you a real person? :D

Sam Kade

I often wonder about these new posters that come up with hairy stories, it's a bit like your man a few years back with his money in beef but couldn't show the proper documents

Milkybar Kid.

No maps with this land. Never were.

Timmaay

Assuming this kid isn't trolling, and assuming the diary farmer wasn't spoofing him (I think the last thing any dairyfarmer would want to admit this year is that they signed into a 10yr 400e/year lease), then my advice is not to worry in the slightest, in afew years time you could well be renting that land again when he can't afford to pay it back, or if he does manage to hang onto it, you don't need worry about him trying to "snip" anymore local land off ya because he won't have a penny to pay for it.

Username John

Milkybar Kid. wrote: »

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

I was chatting to a lad one day, and I was amazed to hear how much I am apparently being paid for land I'm renting out...

If only we could believe everything we hear

freedominacup

Timmaay wrote: »

Assuming this kid isn't trolling, and assuming the diary farmer wasn't spoofing him (I think the last thing any dairyfarmer would want to admit this year is that they signed into a 10yr 400e/year lease), then my advice is not to worry in the slightest, in afew years time you could well be renting that land again when he can't afford to pay it back, or if he does manage to hang onto it, you don't need worry about him trying to "snip" anymore local land off ya because he won't have a penny to pay for it.

For land out over the ditch in good heart with reasonable infrastructure I wouldn't let anyone else into it for less Tim. Highly unlikely to happen so easy enough to talk. Wouldn't have any interest in land cows couldn't walk to either. Far easier to let someone set up for it to take ground like this and hope to agree a deal to take some or all of the production from it.

Panch18

Milkybar Kid. wrote: »

Was amazed to hear a dairy farmer neighbour tell me his giving €400 an acre for land for 10 years. I was givin €120 for the same land for tillage.

No money in dairying.

Well there's only one winner in that transactions and it sure as hell aint the dairy farmer

Bass Reeves

farmerjj wrote: »

There's always one!

The problem is that there is more than one. i have heard of this kind of money (350 to 400+) in various cases in certain parts of the country. Not much margin for the lad renting

Username John

Bass Reeves wrote: »

The problem is that there is more than one. i have heard of this kind of money (350 to 400+) in various cases in certain parts of the country. Not much margin for the lad renting

Heard of high prices paid all right - in one case where two lads 'bidding' against each other, who didn't want to see the other lad get it... Went to 400 / acre... Not sure how true it is either...

But - tis up to everyone to do their own sums... If a lad wants to pay over the odds for something. Maybe it's worth more to them for some reason...

Edit : 120/acre for tillage land seems very cheap I would have thought...

Timmaay

freedominacup wrote: »

For land out over the ditch in good heart with reasonable infrastructure I wouldn't let anyone else into it for less Tim. Highly unlikely to happen so easy enough to talk. Wouldn't have any interest in land cows couldn't walk to either. Far easier to let someone set up for it to take ground like this and hope to agree a deal to take some or all of the production from it.

I'd pay 400/acre "dead money" before I'd buy it for 10k etc alright ha.

Bass Reeves

Username John wrote: »

Heard of high prices paid all right - in one case where two lads 'bidding' against each other, who didn't want to see the other lad get it... Went to 400 / acre... Not sure how true it is either...

But - tis up to everyone to do their own sums... If a lad wants to pay over the odds for something. Maybe it's worth more to them for some reason...

Edit : 120/acre for tillage land seems very cheap I would have thought...

120/acre for tillage is over 3/4 of a ton of barley/acre in rent. It is enough for tillage land with present price of grain. As we see you do not get over 4 ton of WB/acre every year. The problems with lads not doing there sums is that there is then a general expectation that everyone can pay that no matter what the price of milk, grain beef. It is often a case of expansion for expansion's sake.

Timmaay wrote: »

I'd pay 400/acre "dead money" before I'd buy it for 10k etc alright ha.

Land is back in price to between 8 and 9K/acre. Repayments on 8.5K/acre would be about 575/acre over 20 years. And I know that rent is tax deductible and only interest is deductible on a loan. But at the end you own the land. It is very viable to buy at those rental prices.

Bellview

Bass Reeves wrote:

The problem is that there is more than one. i have heard of this kind of money (350 to 400+) in various cases in certain parts of the country. Not much margin for the lad renting

I know a buddy of mine paying 320 an acre for a 5 year let over 2 years ago. He was working on a milk price from 2 years ago to justify the price.. under some pressure now but if milk increases he will be OK again.

mf240

You buy a lot of barley or beet for four hundred and no extra work or commitment.

There's one of these lads in every parish

barnaman

€250 with maps going rate for good land

farmerjj

barnaman wrote: »

€250 with maps going rate for good land

Interesting to see what it'll be next year!!

tomwaterford

barnaman wrote: »

€250 with maps going rate for good land

Not where I am....280 for middling land and 350-400 for good land

Sheep deffo wouldnt pay it anyway


I know a lad (distant relative but woyod be friebds with him) who was left 90 acres of what was just bog but reseeded....very wet ground and auctioneer came and said he had several clients for it at 300 an acre minimum 5 years

.....but he sold it as didn't want the hassle
This was late 2014-early 2015.....dunno what land prices are now

barnaman

well if there is one in every parish this country is full of them compared to England

http://dairy.ahdb.org.uk/market-information/farm-expenses/land-prices/rent-prices/#.V7t2dKJLPfc

barnaman

Land in South Tipp definitely not making that per acre and its top quality

barnaman

http://www.daft.ie/tipperary/commercial-property-for-rent/agricultural-farm-land-for-rent/cashel-cashel-tipperary-211583/

Suit you Tom

Bass Reeves

barnaman wrote: »

http://www.daft.ie/tipperary/commercial-property-for-rent/agricultural-farm-land-for-rent/cashel-cashel-tipperary-211583/

Suit you Tom

That might be value, 2 bags of 10-10-20/acre is more than likly worth 35/acre at least. It is working out around 127/acre less the fertlizer is 92/acre. Now the only catch is that it is for sheep only. If you had a young lad that was good with sheep he would turn a few pounds on it. As well stockman on farm 3-4 days/week. So you might not have to visit every day.

For a young qualified farmer if he could get it on a 5-7 year lease he get SFP from national reserve and that would go to 160/HA by 2020. You would want to be good with sheep stocked at 4/acre you would be up on nearly 1000 ewes

tomwaterford

Bass Reeves wrote: »

That might be value, 2 bags of 10-10-20/acre is more than likly worth 35/acre at least. It is working out around 127/acre less the fertlizer is 92/acre. Now the only catch is that it is for sheep only. If you had a young lad that was good with sheep he would turn a few pounds on it. As well stockman on farm 3-4 days/week. So you might not have to visit every day.

For a young qualified farmer if he could get it on a 5-7 year lease he get SFP from national reserve and that would go to 160/HA by 2020. You would want to be good with sheep stocked at 4/acre you would be up on nearly 1000 ewes

There is actually money to made at that price there imo

The price of a lamb per acre?? And less than an hour from where I live

Wonder what's the story....I take it as it's partially mountain....

Bass Reeves

tomwaterford wrote: »

There is actually money to made at that price there imo

The price of a lamb per acre?? And less than an hour from where I live

Wonder what's the story....I take it as it's partially mountain....

There is not much mountain around Cashel. Upland yes it may have land which is sloped. What would 1000 middling store ewe lambs 35ish kgs set you back 80K.

tomwaterford

Bass Reeves wrote: »

There is not much mountain around Cashel. Upland yes it may have land which is sloped. What would 1000 middling store ewe lambs 35ish kgs set you back 80K.

Only thing sure as fcuk when Ya buy 1000 store ewe lambs you'll get a certain amount of weathers and rams aswell :pac:

And circa 20 or so rams....say 10K

Over 3-5 years should pay for itself..... (assuming no diasters in terms of deaths could be sold at roughly same value as cast ewes)



Somewhat surprised that Ireland's largest store lamb buyer....based in clonmel-Carrick area hasn't this snapped up tbh


If I hadn't flights and visa got/this came up 6 months ago I possibly would have made an proper effort to go about this.....even if I had to split it into partnership to raise the finances

Bass Reeves

tomwaterford wrote: »

Only thing sure as fcuk when Ya buy 1000 store ewe lambs you'll get a certain amount of weathers and rams aswell :pac:

And circa 20 or so rams....say 10K

Over 3-5 years should pay for itself..... (assuming no diasters in terms of deaths could be sold at roughly same value as cast ewes)



Somewhat surprised that Ireland's largest store lamb buyer....based in clonmel-Carrick area hasn't this snapped up tbh


If I hadn't flights and visa got/this came up 6 months ago I possibly would have made an proper effort to go about this.....even if I had to split it into partnership to raise the finances

You would have to check the lots after every marts sale and throw up weathers and rams. When you take a project like this on there is no f@@king prisoners taken and every bob counts. You could cut the price of rams back a little by buying a few non pedigree and older rams and maybe a speakeasy or two. If you go to some lads that have good quality flocks you buy a few rams off them. Rome was not build in a day

More than likely there is a story to it, that store buyer may be over committed. Quite a few lads have snapped up a lot of longterm lease's. They may have too much committed. Cash is catching a lot of lads, banks no longer willing to lend significient sum's as well marts have to be paid with a week-10 days in general. A few years ago a big lad would have taken this and had marts stock it for him and try to pay them back after next years lams sales.