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

n1st · 02-10-2018 09:39PM #1

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 · 02-10-2018 09:42PM

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 · 02-10-2018 09:42PM

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 · 02-10-2018 09:44PM

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 · 02-10-2018 09:46PM

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 · 02-10-2018 10:00PM

invicta wrote: »

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

Where would you get Marie Hannah’s seed ðŸ˜€ðŸ˜€ðŸ˜€

tractorporn · 02-10-2018 10:19PM

Turnover possibly

Profit no!

patsy_mccabe · 02-10-2018 10:36PM

Suckling ????

Iodine1 · 02-10-2018 10:43PM

patsy_mccabe wrote: »

Suckling ????

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

Lady Haywire · 02-10-2018 10:44PM

patsy_mccabe wrote: »

Suckling ????

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

tanko · 02-10-2018 10:47PM

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

Say my name · 02-10-2018 11:28PM

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

bonaparte2 · 02-10-2018 11:28PM

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 · 03-10-2018 12:18AM

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

_Brian · 03-10-2018 06:57AM

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 · 03-10-2018 07:35AM

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 · 03-10-2018 07:42AM

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

Loves_lorries · 03-10-2018 08:38AM

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

_Brian · 03-10-2018 08:46AM

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 · 03-10-2018 09:06AM

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 · 03-10-2018 09:10AM

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 · 03-10-2018 10:31AM

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 · 03-10-2018 10:47AM

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 · 03-10-2018 11:02AM

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 · 03-10-2018 04:05PM

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 · 03-10-2018 08:13PM

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

SuperTortoise · 03-10-2018 09:01PM

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 · 03-10-2018 09:30PM

basically what you have to pay tax on to revenue?

SuperTortoise · 03-10-2018 10:18PM

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 · 03-10-2018 10:56PM

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 · 04-10-2018 12:47AM

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

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

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