Dairy Chitchat 4, an udder new thread.

Grueller

https://www.boards.ie/discussion/comment/122186602#Comment_122186602

Think that's a bit of a poor attitude to be honest. I bought land when I was 29. I was running around 45 sucklers and working a full time job. Working around the clock between the commute, the job and farming. Why is that less valid than a lad farming solely? What about a lad contracting a bit alongside his own farm? Is he not to be admired because its strictly not farming?

Bass Reeves

https://www.boards.ie/discussion/comment/122186602#Comment_122186602

What is farming and what is not farming money it the same 20, 50 or 100 euro note. I had to pay for my three children go through college. Because I had a farm I paid them farm wages which used up there personnel tax allowance while they did not have sumner jobs. College was a bit cheaper than now but 100-120 k out of the farm income over ten years put them through college along with a part time job.

THe was an old house on the farm I did up it brings in 10k a year approx at present is it farming or non farming income. If I buy car it written down against the farm accounts. Because I did not burn money putting the kids through college I bought a second investment property and later when I retired from work a holiday home.

I did not draw down my pension on retirement yes I did access some of it to buy this farm. However for the last 5 years post retirement the farm and rental income paid all my expenses, and was paying off a loan for a field adjacent to our house. It pays the utility bills, it pay the management fees on the holiday home, other expenses are put through thw account as well and I was still building a cash reserve.

To me every euro is the same. It immaterial whether it was generated out of farming, working or investment income. I was never one for having cash sitting in the bank to an extent. Buying land is about building wealth and having some of that wealth in a fairly liquid form for example stocks and shares or have it generating income.

You cannot use tractors, sprayers or zero grazer to buy land. It the ability to access capital. I cashed in stocks and shares build up over the last 10+ years, I used all cash reserves I had accumulated, the better half lend me a few euro. But I be some idiot to go and buy another farm unless I expected it to make a realistic return on the money invested on it.

The young lad being a young trained farm will generate about 15k/ anum over the next five years. The extra farming profit will be in the region of 15-20k/ year. I will live on my pension now as opposed to living off farming income and use the farm profits to rebuild my cash reserve.

It's like riding a bike, when you have done it once you know how to do it again

GrasstoMilk

https://www.boards.ie/discussion/comment/122187188#Comment_122187188

I probably my should have worded it better. I admire a farmer who has acquired the funds for land purchase from his own efforts, what ever that be. Those are the sort of lads I’d be picking there brains on stuff

I wouldn’t be putting anyone on a pedestal that bought land through motorway money, inherited a ball of cash etc or is a non farmer looking for an investment etc

morphy87

https://www.boards.ie/discussion/comment/122187197#Comment_122187197

great post and one thing about you,your always very honest and it comes to your figures and breakdown costs

Bass Reeves

https://www.boards.ie/discussion/comment/122180638#Comment_122180638

No matter what I was an underbidder on I was never bitter about/with the lad that bought it. I was often annoyed I did not go a bit more myself after. However a year or two later something better fell into my lap.

GrasstoMilk

https://www.boards.ie/discussion/comment/122187197#Comment_122187197

Bass, my folks have bought land in their time. I know well what’s involved They started out themselves with nothing and atm they’re signing me over a business worth an awful lot of money

The fact I have machinery has nothing to do with it, a lot of it historical and once you have it it’s a lot easier and less costly to change them. I wouldnt like to be fully reliant on a contractor for everything, that’s just me

I’d be fair stuck with out the zero grazer this year. It’s allowed me turn grass off a newly rented farm that cows can’t walk to into milk very quickly and all I’ve put on what I’m zero grazing is lime, slurry and fert. It filled what could have been a very costly fodder deficit with my own feed instead of buying, I’d rather to not have to do it but I’m very happy I have it

My time time will come when something suitable comes up.I jumped through all the hoops last year to try buy 50 ac out of a 200 ac farm near by to us here. Only for the fact the farm was sold in the entire we would have had a fair crack at it. For a business that’s paying for every acre it’s farming and has done alot of cap ex in the last 6 years I think it’s a fair achievement to be getting that type of money approved

Congratulations on your purchase and I hope it’s lucky for you. I should have worded my post better and it wasn’t directed at you

straight

https://www.boards.ie/discussion/comment/122187296#Comment_122187296

Ya, I was brought up to believe that the highest bidder wins fair and square. There are plenty people out there that believe they have a right to something because they are boundsing it or renting it or stuff like that.

alps

https://www.boards.ie/discussion/comment/122187197#Comment_122187197

Brilliant

ginger22

https://www.boards.ie/discussion/comment/122187197#Comment_122187197

Behind every good man there is a good woman, she obviously wasn't idle either seen as she chipped in. Have one of those here too.

jaymla627

https://www.boards.ie/discussion/comment/122187330#Comment_122187330

At a hypothetical nitrates of 170kgs/n ha, your projected yearly land costs given up in cashflow projections must of been in the 15-20 cent a litre range, when getting approval,

K.G.

Just for the crack.which do people think will be the better investment in 10 or 20 years time ,land or a house.i suspect that land is in alittle bubble at the minute and if the tax law was to change we would see a return to bank financing of land in commercial way rather just people with money to invest.land sold near us recently and the going rate for land rent would pay roughly 15 % of just the interest nevermind the principle.and that's not a once off.i m aware of 2 more at similar values.

jaymla627

This lad was been sold as a fresh semen option this year, fr7904, his dams milk recording for 1st lactation are really poor

Screenshot_20240527_095213_Samsung Internet.jpg

Its crazy the above bull made it into ai, the weather been blamed for plunging milk production i reckon is only half the story, breeding heifers of the above will handily knock a couple of 100 litres of your herd average

mahoney_j

https://www.boards.ie/discussion/comment/122188489#Comment_122188489

a glorified goat …% excellent but only a small drop of milk to carry it ….milk sub index figure is ridiculous ….and also yet another pivotal son

jaymla627

Has to be a rental house, brother bought a nice 3 bedroom house in town last year for 160k, had 30k deposit...

His mortgage is circa 800 a month and hes getting 1500 renting it out, hes not even in the country at the minute, is in australia, rental income is easily covering mortgage/tax/repairs/maintance etc

straight

https://www.boards.ie/discussion/comment/122188489#Comment_122188489

No doubt there is fair muck in the catalogue. I'm still using some American here Fr7824. Used my own Ai bull a good bit, and some local bulls that are around for a few years and their figures are holding to some degree. Fr7929, Fr5803, Fr7860. Some of my top used bulls the last couple of years. Fr4482 made fine cows. Not huge milk but a fine strong cow.

Fr9016, Fr9316 are two newer bull I used this year.

visatorro

https://www.boards.ie/discussion/comment/122188504#Comment_122188504

Fair going. Wouldn't buy a set of gates around here for 160k. Just be afraid of the one wrong bad egg moving in. Tenant has a lot of rights in this country. Some of them rightly so, other not so much. I know someone who was renting out a house to a civil servant for cash. She basically started to blackmail him saying she'd report him to revenue etc if he didn't lower the rent and various demands.

visatorro

Is it more generational. Older people would veer towards land. Younger people go with something they think they will get a quicker return from? Older and wiser perhaps

Grueller

https://www.boards.ie/discussion/comment/122188671#Comment_122188671

Older and wiser or an ingrained desire for land that's not there with younger generations?

GrasstoMilk

https://www.boards.ie/discussion/comment/122188198#Comment_122188198

we’ve 2 years mortgage payments left on home place. We were simply just replacing it again

jaymla627

What intrest rates

https://www.boards.ie/discussion/comment/122188654#Comment_122188654

It was a repo house, theirs a rule that the local council cant buy the above, it would of been snapped up by them otherwise, he's cute enough has the 3 rooms rented out to 3 friends/friends of friends that where vouched for….

Its unbeliveable the amount of enquiries he had for the place, theirs no rental houses locally available at all

visatorro

https://www.boards.ie/discussion/comment/122188943#Comment_122188943

Interest rates?

no rental properties anywhere

Kerry2021

Rental properties leave land absolutely for dead.

The first houses I bought 7 years ago are yielding me 25% per year what they originally cost and they’ve more than tripled in value and the tenants in those houses absolutely never ever contact me and they have never been late with the rent, not once.

The other houses I bought in more recent years since then are worth 50% more today than what I paid them for and are yielding me around 10% of their original cost.

Don’t get me wrong though, land is an absolutely excellent investment as well. What makes land such a good investment is the way it allows the transfer of wealth from one generation to the next, it’s virtually tax free if done right.

Basically if a person is in their 20’s, 30’s or 40’s they’re better off buying rental properties but if they’re in their 60’s or 70’s they’re better off buying land in case they die

straight

Rent pressure zones kind of finished the whole thing for investors unless you have a new property. I'm letting my place 1000 euro per month under the market price. And interest is gone up 7k per year on it.

whelan2

https://www.boards.ie/discussion/comment/122189108#Comment_122189108

I think alot of landlords are very disillusioned with it all. Tenants seens to have too many rights. We're dealing with a total bitch in our rental atm. Working our way through getting her out , hopefully in October. Dont need the stress tbh. There's a new database between rental companies now blacklisting tenants, so people dont get caught out with them.

Siamsa Sessions

https://www.boards.ie/discussion/comment/122189393#Comment_122189393

Unfortunately I can relate.

Myself and herself are accidental landlords for a house we bought as a family home in 2007. It's out of negative equity now, nearly 20 years later but that's another story.

The first tenant paid nothing and stole everything that wasn't nailed down. She even took the coal bunker. The estate agent who was supposed to be looking after it for us got his receptionist/secretary to send her an eviction letter but she got the details wrong, giving her 24 days notice instead of 28. She went to the PTRB and we spent months trying to get her out. The PTRB took the case to court so we didn't have to - don't ask me how it all works!

All the tenants since then have been grand but you're always just a phone call away for a broken lawnmower, leaking tap, a new dog/cat moving in, rent being late, etc.

The house will eventually leave us a few bob but given the chance, I'd invest in land now. There might be less money out of it, but cows and cattle are easier to deal with than people.

whelan2

This tenant had us run ragged, final straw came this time last year, when my dad blew a fuse. She has only realised now there are no houses to rent and definitely none that will take a dog. She's also on single mother's payment and has been married a few years. The main reason my dad accepted her as a tenant was she was supposedly a single mother with 3 kids. She couldn't lie straight in bed...

jaymla627

https://www.boards.ie/discussion/comment/122189565#Comment_122189565

If you threatened a call to the social re the above youd get her at quicker id say, is the husband working our a dole head, they take the above extremely serious, no a case where a friend was seeing a single mother like above and actual married her, but a neighbour reported them to welfare a few months into the realationship and she lost her hap payment over it

Castlekeeper

https://www.boards.ie/discussion/comment/122188489#Comment_122188489

Maybe she's milking that off under 200kgs of supplementary feed, and or maybe she's on a heavy fatm that had an early winter and ropey silage.

cosatron

https://www.boards.ie/discussion/comment/122190053#Comment_122190053

that's an average of 14 litres a day for 299 days. so she peaked at 20 litres and dried up at september but f*ck it she goes in calf first services and doesn't affect my 6 weeks calving pattern so thats all that matters

jaymla627

https://www.boards.ie/discussion/comment/122190053#Comment_122190053

This lady from the same herd

Screenshot_20240527_160156_Chrome.jpg

100kgs ms in the differance for 1st lactation ,theirs no rhyme our reason to the sire selection process in ireland its a lucky dip/throw **** at the wall and some of it will stick