Auto scrapers or robotic scrapers?
Never heard the likes of the vat on calf feeders it wud be in a farmers favour to not get vat back entire cost can be written off over 1 year
Those full leased full staff paid contractor reater paid cud never make money only if rent was very low or milk price very high
Bingo but I'd put it abit different. The first thing is there isn't half as Much money in milking cows as people think there is and that includes lads who are actually milking and what fools them is the hours they put in to run farm s relative to the return. They go to the accountant once a year and he comes out with.a.figure that looks great only because there is serious hours going in to achieve that level of performance.once you started paying labour the fun goes out of it fairly quickly. If there was plenty money floating about there wouldn't be many falling out s.the crowds that are pulling things off milking cows are working like slaves and spending the minimum not the crowd spouting about kpi s and performance and driving around to meetings and conferences
You say 400 acres between us all now. Did your father accumulate all the land of did others buy as well from other income source?
Not 100% on that. Might be robotic only
Can you write off a tractor in one year as you can't get the vat back on that either
Well were paying for every acre were farming between leased and bought and use contractor aswell as ourselves with our own gear - sone of it on hp and we’re doing fine
paid first half of the yearly lease this week on a new block of 70 acres nearby we got recently
going alright enough
My father got to about 300, myself and my brother have bought land in our own rights since.
I'd argue intrest rates would sink the above alot quicker if their on tracker mortgages going from 3% to argumentsake 7% on a few million combined with milk price where its at currently would be some shock to any business with millions owed to the bank
The accountant should be the most important advisor on any farm.
Call into him. Phone him. Send him ideas/notes via email. Ask if what you're thinking makes sense. Get him to "tune in" to you and your farm.
Don't be a pr*ck to him, but just make sure you're getting more than a secretarial service for your money.
💯…..I’ve an excellent accountant ….gives honest answers and very good advice ….wouldn’t go against him on any of his financial advice
A smart man smiled to me recently and said to be very careful of any advice you get off any of these people. You need to have 90% of it in your own head he said.
The only thing keeping them afloat is unsustainable stocking rates.
How much if that did he start with ?
50
Did he marry any bit of it.there was lads near us and coincidentally they nearly all fell in love with women who had farms.
Dont think it fair to judge the success of any man on how much land they bought i know plenty who bought loads and never done anything with there own or built sheds then the son comes along tries to straighten the kip out and never buys land as a result.some were lucky like me to buy when cheap.others had to pay dearly fir once in a lifetime chance ti buy beside them
It’s the missing 10/20% that ain’t in your head or blocked with blurred vision that could make or break a project
Good farmer 👍
Bales at 45 euro delivered or 65 euro beet delivered?
For milking cows I'd go for beet, for dry cows the silage, provided its enermax our high sugar/dm beet type if it was magnum I'd only be giving 55 a ton delivered
If ur buying either what each costs wont worry u soon cus youll be bakrupt.This is the thing which makes me laugh farmers have a fit over derogation same guys overstocked no silage giveing 45 a bale for dung
Inherited about 45 acres off an aunt after renting it for years. Was run down and needed alot of investment in sheds. It cost so much between stamp duty, rent and building sheds he could have probably bought somewhere else cheaper. Of course typically enough every time he ever spent money again after that the begrudgers always said sure it was easy for him.....
Problem with accountant they no very little about real life farming i tell my accountant what to do he once tried to tell me i spend too much on vaccines.
Then you need a new accountant ….
Gathering repayment s and/or rent is no fun.last year it was no bother but this year that strain to gather the repayment money is back again
It's like been on a hamster wheel to be honest, trying to get back into finish my final year in collage here for the September 24 term if I can swing it, get a degree find a job that will work around the farm and just half cow numbers and drop all rented land
Would you be any better off with half the cows and a job alongside then you are now really? Still milking and trying to work off farm you’d be a lot more burnt out I’d imagine trying to juggle all that unless it had a lot of work from home.
A question. I have been vaccinating for lepto and samanella since my father had an outbreak of lepto in the mid ninthys. Did anyone here ever give up vacationing cows? What happened
