Change of herd owner

Hereford202

My grandfather has a dormant herd number. He still draws the sfp from the land (about 15 acres) My father and I now want to get a few calves to rear next spring. More of a hobby than anything and wont be any major money made. Is it possible to put the herd number into my fathers name but the sfp still be paid to my grandad? He would still own the land. Or does the land need to be transferred in order for the herd number to be changed?

Mooooo

Could make it a joint herd number, with your father as the herdkeeper so he will be responsible for any animals. Any payments could then go to your grandfather. An Ag advisor or even a phone call to the department should be able to help.

I’m fairly sure you can nominate a herd keeper without having them as part of the herd number. I know of one case where the person running the farm is definitely not on the herd number and they don’t have their own herd number but are nominated as herd keeper and can buy/sell using the herd number.

Hereford202

If a herd keeper sells animals in the mart can the cheque be written in their name? I thought it would still have to be the herdowner. My grandfather is happy for any money to go to my father but would like the sfp. Maybe making a joint herd number would be the answer of they didnt need a joint bank account. I must get onto an advisor on monday, awkward thing to sort for a few hobby calves but once its sorted that's it I suppose.

I’m fairly sure that if you are in a joint herd number then all income is considered split which may not work out well from a tax perspective (your grandfather probably pays little or no tax but your father may be taxed more on it).

I’m not 100% sure this is the case but I have a feeling it might be.

Hereford202

That's true, he works full time so I'm not sure how much extra could be earned. Maybe itll be ok because there won't be massive earnings from the calves. Another thing to look into for sure.