Dairy Chitchat 4, an udder new thread.

weatherbyfoxer · 21-10-2023 08:09AM

https://www.boards.ie/discussion/comment/121265977#Comment_121265977

It's out of my budget unfortunately,..looking like a secondhand 12 unit at the minute

Bass Reeves · 21-10-2023 10:01AM

https://www.boards.ie/discussion/comment/121265926#Comment_121265926

Can you put the payments over 15 or 20 years. I think banks will do dairy borrowings over twenty years they will definitely do 15.

A mistake people make is limiting the time they pay loans to get them paid off. You can always pay off early even fixed term loads usually have an overpayment option.

At a guess over 15years it would be about 1150/month and over 20 below 1k/month. People are paying them sums for fancy cars over five years. Even if you cannot over pay and are fixing for 3-5 years you can pay a lump off at the end of these fixed periods

Mooooo · 21-10-2023 10:07AM

Plan is sound imo. With replacements bought in, I assume on point of or after calving, and all calves sold cow work will be the sole work and so would help things greatly. You should prob allow for space to keep calves for the 4 to 6 weeks in case that becomes mandatory and have a backup in case of Tb.

5 rows in parlour ideal

Possible issue is those that would have reared and sold heifers may not rear as much now due to dero changes so sourcing them may become difficult

Mooooo · 21-10-2023 10:08AM

https://www.boards.ie/discussion/comment/121265387#Comment_121265387

I hope you're right but coops have never been fast to rise prices. I'd still imagine base being closer to 30 than 40 heading for peak, they always fcuking do it

mahoney_j · 21-10-2023 10:36AM

https://www.boards.ie/discussion/comment/121266251#Comment_121266251

Futures would point to milk price high 30s low 40s …..el Nino weather effect pointing to dry warm summer down under which will curtail there supply further ….demand picking up in China and that part of world ….lot more to be positive about now than 6/8 weeks back when 26/28 cent/litre milk price into next year was very real possibility ……high prices cure high prices …..low prices also cure low prices

Bangoverthebar · 21-10-2023 12:20PM

https://www.boards.ie/discussion/comment/121266234#Comment_121266234

You would want your head examined financing a robot over a long period. The tech will be obsolete. And lely will stop supporting the software, like they did with the a3

Bass Reeves · 21-10-2023 12:29PM

https://www.boards.ie/discussion/comment/121266608#Comment_121266608

I am not taking about financing a robot. I was posting about his proposed loans where he had issues with 20k/ year (1600/month) repayments. My proposal was to lengthen the terms. I never mentioned a robot it was someone else

I wound never consider a Robot in a start up situation and it should probably only be considered where a person is permanently working off farm

JustJoe7240 · 21-10-2023 12:44PM

https://www.boards.ie/discussion/comment/121266636#Comment_121266636

I'd be of the opposite opinion, I'd only consider a robot when at home full time or at least working from home, not a lot of use getting a text that cow 123 hasnt milked in 12 hours when you're away at work, planning on milking 6 rows of cows at home, leaving space for enough units to milk them in 3 rows when the system has started to pay for itself, at least once you've seen them in the parlour, you know they're sorted and you can go away to work then.

Tonynewholland · 21-10-2023 12:56PM

https://www.boards.ie/discussion/comment/121266678#Comment_121266678

Milking itself is the fast part. It walking the cows in late in the year or looking after cubicles can take just as long

straight · 21-10-2023 01:09PM

https://www.boards.ie/discussion/comment/121266724#Comment_121266724

You just can't tell some lads the amount of labour involved.

No animal ever gets sick or lame, no weather events, no replacements, no machinery maintenance, no buildings maintenance, no land maintenance.

A flying herd where you dump culls at the bottom of the market and buy in replacements at the peak of the market. Never bring in mortorello or TB, IBR or anything else. Just leave off a few bulls for breeding and they'll look after that.

Sure what could ever go wrong.

Tonynewholland · 21-10-2023 01:27PM

https://www.boards.ie/discussion/comment/121266777#Comment_121266777

Having a second job long term with milking is crazy. Different story if your father is around doing most of the work

K.G. · 21-10-2023 01:39PM

I ll throw some of my observations out there.there is no worse investment than the facilities to go milking.i can hear the keyboards tapping already.let me explain.

Over the years I have bought most of the milking stuff off dd and have been involved maybe 5 or 6 parlour purchases.if I got a euro for every time I heard a fella tell me that he gave x thousand for this or that and now it's selling for maybe 20% of it.the big thing with milking facilities the value is in the labour and work and I can safely say if it costs you 100 k in facilities to go milking you ll only get about 15 to 20k back.money put into concrete wiring and plumbing and installing equipment is gone and will never be recovered and milking machine s and tanks will only see 20 to 30 % of value unless you meet some fella that has more money than sense.the only way to get your value is to milk for 20 years milking.if you bought a house or tractor and did nothing with it at least 12 months later you d get maybe 85 % of your money back but or maybe even more than you paid.

weatherbyfoxer · 21-10-2023 01:45PM

https://www.boards.ie/discussion/comment/121266777#Comment_121266777

OK,since your just pi**ing over the whole idea how would you go about starting out?

straight · 21-10-2023 02:00PM

https://www.boards.ie/discussion/comment/121266928#Comment_121266928

I started out myself 7 years ago. Quit the job was the first thing I did anyway. One job is enough for anyone imo.

older by the day · 21-10-2023 02:03PM

Fecking electricity bill came today 1200 for two months. No wonder that Limerick factory and Tara mines are closing.

What a shower running the country. The cost of doing business is frightening. Surely the dail committees should have the electricity supply company's in front of them explaining the massive profits.

jaymla627 · 21-10-2023 02:09PM

https://www.boards.ie/discussion/comment/121267047#Comment_121267047

What are you paying unit wise, theirs value out their if you keep a look out and are prepared to switch, got the flogas fixed offer here from following another forum on here, circa 30 cent dr and 14 cent nr

jaymla627 · 21-10-2023 02:13PM

https://www.boards.ie/discussion/comment/121266903#Comment_121266903

The sunk cost on farms going the rotary route is scary, often seen farms in Australia with a 5-7 year old rotary been sold for the same price per ha as naked land with no facilities in the same area, the current cost of building alone is probably double/triple what it was 10 years ago

mahoney_j · 21-10-2023 02:31PM

https://www.boards.ie/discussion/comment/121267047#Comment_121267047

Have you submitted monthly meter readings

do you know your day/night unit rate

have you switched supplier recently

if out of contract your been royally rode atm

K.G. · 21-10-2023 03:05PM

https://www.boards.ie/discussion/comment/121266234#Comment_121266234

I wouldn't finance starting milking over longer than 10 years because the next round of investing will have to start before you f8nished paying for the last.i think I heard before that in business if it cant buy itself in 7 years it isn't worth bothering with

Bass Reeves · 21-10-2023 03:51PM

https://www.boards.ie/discussion/comment/121267340#Comment_121267340

You do not understand my post. By all means do not have it still there in 15-20 years pay it off over a shorter term but @weatherbyfoxer has never had serious borrowings before, never a mortgage or a serious infrastructure loan. To get over the hurdle and to manage the fear put the loan over a longer time period. People buying houses are getting this exact advice at present to get over ''ability to repay'' rules especially if they are renting at present.

on the ''NEXT ROUND OF INVESTING'' this is where some dairy farmer have made idiots over the last ten years. Many set up systems that require continual investment. I imagine that after the initial outlay that any future investing by WBF will be managed within the TAMS system and borrowings will be minimal.

alps · 21-10-2023 03:56PM

https://www.boards.ie/discussion/comment/121267495#Comment_121267495

With you Bass in this one 😉

Bass Reeves · 21-10-2023 04:43PM

https://www.boards.ie/discussion/comment/121265524#Comment_121265524

I would bet on the greenhorn as well. The person willing to take advice and adapt his his system will always do better. Its hard to teach an old dog new tricks

K.G. · 22-10-2023 11:06AM

https://www.boards.ie/discussion/comment/121267495#Comment_121267495

By way of reply I ll throw out another observation and that is the number of cows needed to maintain a certain standard of living doubles every 12 to 15 years.this comes about due to margin decline and rising living standards and inflation.i often hear people saying expanding farms are a race to the bottom whereas I think its a race to survive and i suspect that in 10 years 60 cows will have job enough to throw off any worthwhile living nevermind continue paying off a loan for another 10 years

Wildsurfer · 22-10-2023 11:42AM

I think you're over egging the pudding there KG, there wasnt much expansion in the quota years and not too many will be doubling up in the next decade.

K.G. · 22-10-2023 12:40PM

https://www.boards.ie/discussion/comment/121270355#Comment_121270355

There was even more expansion in the quota years than since abolition. In 1983 there was 67 k dairy farmers in ireland and in 2015 there was I think just less than 18 k so it has to be that your average dairy farmer almost quadrupled in the 33 years of quota.since quota abolition production has expanded by 50% on roughly the same number of dairy farmers.

JustJoe7240 · 22-10-2023 01:17PM

https://www.boards.ie/discussion/comment/121270547#Comment_121270547

But sure there's fellas milking 1000 cows that weren't milking 10 years ago, That statistic doesn't tell a lot

K.G. · 22-10-2023 01:31PM

https://www.boards.ie/discussion/comment/121270656#Comment_121270656

Yes but there's loads of 20 cow farmers gone as well.they didn't go because they were making too much money.they might have had a living back in the 70 s or early 80 s as time went on that living become unable to meet their needs.

Jb1989 · 22-10-2023 04:46PM

https://www.boards.ie/discussion/comment/121270703#Comment_121270703

Most small dairy farmers around here turned into suckler farmers, still to this day.

wrangler · 22-10-2023 05:13PM

https://www.boards.ie/discussion/comment/121270355#Comment_121270355

Plenty of new entrants around here still too.

I see a rotary being built beside me on a newly bought farm, It made €5m circa 2006 and and the owner promptly went bust and hasn't fed very much since

older by the day · 22-10-2023 08:00PM

https://m.facebook.com/1garethwynjones/videos/funny/6841190039307317/

Smart

Dairy Chitchat 4, an udder new thread.

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