Is it possible to earn 30000 on 60acres on very average land?

n1st

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

wrangler

n1st wrote: »

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

Only by milking cows I'm afraid

charolais0153

n1st wrote: »

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

If you had 10k+bps,glas,anc,i say you could

invicta

n1st wrote: »

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

Unless you grow mariehannah or poppies, I’d say no!

Mooooo

After tax, I dunno would depend on set up but consistently would be tough. If you were working and let at on long-term lease at 200 an acre that 12k would be the equivalent of 24k extra on you're wage if you were near the high rate

Dakota Dan

invicta wrote: »

Unless you grow mariehannah or poppies, I’d say no!

Where would you get Marie Hannah’s seed 😀😀😀

tractorporn

Turnover possibly

Profit no!

patsy_mccabe

Suckling ????

Iodine1

patsy_mccabe wrote: »

Suckling ????

I think he meant MAKE €30k not LOSE it!!:rolleyes:

Lady Haywire

patsy_mccabe wrote: »

Suckling ????

Get a red light district going & you'd manage it

tanko

If you mean 30,000 cents then yeah it is.

Say my name

Buy one very good TB mare for 60k.
Sorted.

bonaparte2

http://www.newfordsucklerbeef.ie/ the finest of land rent free, buildings free, excellent farm manager paid by Dawn Meats, still couldn't make money

orchard farm

Can't see it.12000-1500 would be max unless you've a big sfp

_Brian

Sure, sucklers will do it for you, providing your bps is €45-50k.

Afeter running maybe 35 sucklers for a year you’ll have €30k clear of your bps left.

lalababa

Not a hope of 30k clear.
Drystock with newish housing maybe 6k, sucklers maybe less, sheep maybe 10k??,
Dairy after all set up(big investment) maybe 30k.
Need a wallop of BPS , Glas, etc. to hit the 30k. with anything conventional other than dairy.
A mixture of smart non coventional projects , amenities is only hope of hitting 30k.

Cavanjack

We'd all be at home if we could make 30k on 60 acres.

Loves_lorries

Suckler cow will bring in a hundred euro per year net profit if done right, how many cows will 60 acres carry?

_Brian

Loves_lorries wrote: »

Suckler cow will bring in a hundred euro per year net profit if done right, how many cows will 60 acres carry?

Yea, it’s a fairly depressing statistic.

It’s a huge investment and risk, including personal risk for €100

TooOldBoots

n1st wrote: »

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

It is more reasonable to ask is it possible to make €30,000 before Tax as everyone's tax situation is different.
Also the subsidies are different for everyone too

joejobrien

n1st wrote: »

By earn I mean to clear after tax and costs.
Land has been used beef and sheep forever.
Income would be including subsidies.

I'm eager to learn the reality of farming as a living on a small Midlands farm.

Fantasy land im afraid,

1. have you considered the pretax level you need to earn to achive 30k
2.Have you ability to earn 30k net off farm, this give options

3.Land let , long term willl now provide additional.

4.No Risk, No Capital outlayed.
5. if returns like above , we all be in clover:D

memorystick

Anyone who has sucklers and is in the high tax rate needs to ask themselves some questions. I'm buying AAx heifers and am making a very small few pound. However, last year I sold 6,000 euros worth of silage which made more than the heifers.

wrangler

memorystick wrote: »

Anyone who has sucklers and is in the high tax rate needs to ask themselves some questions. I'm buying AAx heifers and am making a very small few pound. However, last year I sold 6,000 euros worth of silage which made more than the heifers.

,

It's really hard on land though, some of the leased land here is on continuous silage and I shudder to think of it. Tenants are piling out Ps and Ks though. time will tell

_Brian

memorystick wrote: »

Anyone who has sucklers and is in the high tax rate needs to ask themselves some questions. I'm buying AAx heifers and am making a very small few pound. However, last year I sold 6,000 euros worth of silage which made more than the heifers.

How are you replacing the p and k your exporting in every bale ??

patsy_mccabe

I'm taking 2 cuts of silage from land that doesn't get slurry. Spread 18.6.12 on it, but I know long term it ain't good for it..

Dickie10

does op mean 30k net profit including bps? thats after all farm bills are paid?

SuperTortoise

Dickie10 wrote: »

does op mean 30k net profit including bps? thats after all farm bills are paid?

Basically what he'd have in his pocket at the end of the year, everything accounted for inclusive of BPS.


I don't think i'd clear 30k in 5 years nevermind one.

Dickie10

basically what you have to pay tax on to revenue?

SuperTortoise

Dickie10 wrote: »

basically what you have to pay tax on to revenue?

Nope, he's talking about after the taxman is taken care of.

J.O. Farmer

SuperTortoise wrote: »

Dickie10 wrote: »

basically what you have to pay tax on to revenue?

Nope, he's talking about after the taxman is taken care of.

He's probably talking close to 40k net profit depending on personal circumstances for tax and assuming no other income.
"Very average" (read middling to poor) land would struggle to make it in dairying I'd say.

Danzy

You could do it but not by farming alone. Add in a few days off farm and you have a chance.

Dickie10

my net profit incl. bps was 30,000 last year for the year 2016, on 115 acres of very good land. I know if I pushed stocking rates I could bring it up a bit espically now im out of sucklers. I think it might be slightly better for 2017 because there was less reseeding done. ill know by the end of this month when I do the accounts

Dickie10

the op would be working a minor miracle to get 30k profit on very average land

cute geoge

Dickie10 wrote: »

my net profit incl. bps was 30,000 last year for the year 2016, on 115 acres of very good land. I know if I pushed stocking rates I could bring it up a bit espically now im out of sucklers. I think it might be slightly better for 2017 because there was less reseeding done. ill know by the end of this month when I do the accounts

That is very good profit but what would be your profit without the single farm payment ,some lads with 115 acres might have a single payment of 20k+

wrangler

cute geoge wrote: »

That is very good profit but what would be your profit without the single farm payment ,some lads with 115 acres might have a single payment of 20k+

Net profit here would always be about €40 - €50/ewe without pushing it,
11 or 12 ewes/ha but all the buildings are paid for.
There is plenty doing better though, 600 ewes should yield 30000'
so 15000 on 60 acres !!!!!!

lalababa

OP : your question is good but not enough info, so alot of the answers are running in the dark.
Every farm's bsp ect. amounts are different, every farm's set up are different.
You should reframe your question to:

What would a general expected net income, excluding BPS/all other payments, be for a ( insert type of Enterprise) farm with ( type of ground, farm condition e.g. housing, machinery facilities etc.)?

kerryjack

TBH i would probably make half that on my 60 acres half arable and half horible and i am not killed. OH works full time so i am around to mind kids, school pick ups. and other activities which i think money can't buy. I also practically built my own house on my own land 20 years ago so no mortgage more saving there. No commute to work no takeaway coffees or breakfast rolls more savings there. So my 300 euros profit is my own.

Dickie10

yeah bps is ok prob shoould do GLAS though.im not in ICBF its around 17k with the young farmer scheme. but like i say i should be finshing 50 heifers every summer now theres no cows. try to finish around 200 lambs as well

maidhc

In fairness you would find it hard to put down the day farming full time with 60 acres and drystock. That is seriously part-time stuff with part time income to match.

_Brian

maidhc wrote: »

In fairness you would find it hard to put down the day farming full time with 60 acres and drystock. That is seriously part-time stuff with part time income to match.

You could be very busy on 60acres, but it would be spending all the time, there’s not a farm of any size you couldn’t put on your time tipping away at wee jobs spending every penny making small improvements, and money aside wouldn’t it be the best life ever !

maidhc

_Brian wrote: »

You could be very busy on 60acres, but it would be spending all the time, there’s not a farm of any size you couldn’t put on your time tipping away at wee jobs spending every penny making small improvements, and money aside wouldn’t it be the best life ever !

Its a hobby then though. Nothing wrong with that mind. I'd love it.

orchard farm

wrangler wrote: »

Net profit here would always be about €40 - €50/ewe without pushing it,
11 or 12 ewes/ha but all the buildings are paid for.
There is plenty doing better though, 600 ewes should yield 30000'
so 15000 on 60 acres !!!!!!

Jasssus 40-50 each ewe clear that's good money, what the heck am I doing with sucklers barely breaking even for??

wrangler

orchard farm wrote: »

Jasssus 40-50 each ewe clear that's good money, what the heck am I doing with sucklers barely breaking even for??

We definitely increased the bottom line here since we got rid of the sucklers,
We used to bring the progeny through to beef and would've made more money or lost less had we sold them as weanlings

Danzy

If he did a bit of relief milking two days a week he'd manage it

. Add in that there are things he can pit against expenses each year that he couldn't normally do in a paye job.

That is a big help in farming. He might be planning for paying on things we'd have as business expenses.

25k net from farming might see him better off than the 30k net in another job.

Danzy

maidhc wrote: »

Its a hobby then though. Nothing wrong with that mind. I'd love it.

A part time job with full time hours where one might may as much or more if the hours were paired right back.

Birdnuts

Amazing to think extensive farms of that size could rear a family and more back in the day. Big advantage then was that the lack of specialization mean't you could up the production of whatever commodity was doing better at the time, whether it was, pigs,sheep, turkeys etc. Also folk were skilled at getting the best out of their own farm based "inputs" so they were much less spend on them compared to today. This was of course before the era of beef,sugar mountains which destroyed farmers bargaining power at the factory gate Folk were much more self-sufficient then and sadly we have lost that too to so called "progress":(

Loves_lorries

doubt you could make 30 k off 60 acres on a dairy farm, let alone any other farm enterprise .

n1st

So what I'm hearing is it is not possible to make a living from 60acres.

What we're really saying is that 60 acres is hobby farming. One of the household must have employment in order to keep family etc.

maidhc

n1st wrote: »

So what I'm hearing is it is not possible to make a living from 60acres.

What we're really saying is that 60 acres is hobby farming. One of the household must have employment in order to keep family etc.

Unless you are doing something quite innovative; definitely.

I work full time (by which I mean 9am to 6pm or later 5x days a week), and I don't find managing a 115 acres beef rearing enterprise too taxing to be honest. I don't get (or need) too much help. I reckon I make about the equivalent of 40/45k p.a. but the farm has a very strong BPS.

coolshannagh28

maidhc wrote: »

Unless you are doing something quite innovative; definitely.

I work full time (by which I mean 9am to 6pm or later 5x days a week), and I don't find managing a 115 acres beef rearing enterprise too taxing to be honest. I don't get (or need) too much help. I reckon I make about the equivalent of 40/45k p.a. but the farm has a very strong BPS.

BPS is the key , it was a tradable asset and many farmers traded up .

Who2

It’s a lovely idea and the majority on here would love to do it, but it’s not realistic. If you’ve a family to rear, college , car, getting to go out, a family break away, wear and tear and just general maintenance around a place then what most people will struggle. Take as nice and soft a job as you can and just part time it. 60 acres for someone youngish won’t leave any room for expansion and realistically 60 acres will be the equivalent of thirty acres now in another twenty years time. Grand if your over sixty and just want to knock out a few years but not if your in your younger years.