Does anyone know for certain if its the ammout after grant or total ammount thats depriciated against tax.
40% of 65k is a fair bit of money. Steel in tank will cost 2.5 k I think and planner + council fees be the same
Is the grant worth it planner fee planning permission xtra spec then waiting to get paid
Hoping for grant but with the **** show it is it’s unlikely I’ll have been approved by autumn so might be non grant
Would need an additional 130 acres @ 300 a acre to carry the numbers at middle band at 170kgs/n, say 40k, repayments @6% on 2.5million borrowed on a 30 year term are circa 180k a year so 220k needed not counting a land cost on bought land/owned land to service mortgage and support ground for nitrates, if a lad rented the place of him plus the additional 130 acres to stay compliant, he'd have rental costs of 13 cent a litre @6000 litres a cow delivered, just to service the owners mortgage on infrastructure, put in 100k for land rental of the grazing block your talking nearly 20 cent a litre rental costs, you'd want to be a top top 1% farmer renting that place not to go hungry at current milk prices
But to operate at 170 hell need another 250 300 acres of land thats some wipe of land and to make it efficent needs to be in one block.Maybe hes thinking of renting it out or leasing to someone who has cows and cant afford infastutucture and who loves hardship and making a poor living.
Grant or no grant
Something along those lines, didn't get into the bones of it, his biggest issue was finding a concrete crew willing to take on the job no one local is interested haven't the manpower our time to take it on
Was he farming the 200 acres all along himself and would he have family interested in farming
Might be looking for something to sink a load of undeclared cash into.
Digger man was up today clearing ground to extend the calf shed, showed me plans for a new entrant going in, 340 cow cubicle/calving shed joined into a new 50 bay rotary and holding yard, 950 feet of slatted tanks going in, two million might get him out for the complete unit, back story he's a builder/cement man that had a 220 acre block bought another 120 acres beside it and is going milking cows
You'll probably need the capacity for regulations by then anyway
We’ve money secured for a tank and new shed next year. I must be a fool 😂
watch this space
In one of the most irish interactions ever, I bumped in the bank manager in the local shop last summer, and he asked me where was milk price going to stop at.
We’re one of three countries left in the eu with a derogation, one of them is already operating at 200kg. We’ve had banding then the cut to 220 in the space of 18 months. By the next review we will be lucky to hold onto 220 but I see it highly unlikely we will maybe they’ll grant us 200 to allow a transition but in 10 years I’d be fairly certain there will be no derogation in this country.
I hate to say that because it’ll make absolutely no difference to the environment or water quality but it looks like that’s what’s ahead of us and this would have angered me up to very lately but as many posters here have said for a long time you must accept the inevitable and prepare accordingly.
You don't know this. And as someone else has already said, reading your posts would only make them think we're waiting for it.
Banks were only asking last year as the change from 250N to 220N was incoming. Nothing about Dero going completely.
BOI asked the same here, but this was to judge at 220N down from 250N. Nothing about 170N / dero going.
Aib did ask me this time last year when i was looking for my loan what way i was stocked and if I was in derogation.
We are in derogation and have been for as long as I can remember and I would have always been hopeful a case could be made for it being held in place but the last 6 months tells you everything you need to know, derogation is a certainty to be lost in this country.
No one in power has any interest in making a meaningful case for farmers and it’s the easiest way for the government to reach ag reduction targets.
Start planning for 170 going forward, went for a land loan lately and the bank rang us back after been in with them and only question they had was that they forgot to ask us were we in derogation or not. Made no difference to our application but they are planning for it.
Would it not ho to 200 first....
it's amazing how much foresight people have here about future of derogation. if I was a green I'd say it will be easy done going by what I read here. a strong case will have to be made but I would be hopeful some compromise might be reached. by all means wait and see before spending
Exactly plenty of old empty round roof sheds around the country pay a neigbor a few quid to have use of it for ‘bedded storage for cattle’ for the next two years to bridge the gap until people see the lie of the land more than likely derogation is going to be gone so most probably have more than enough storage for at 170 when the time comes already.
My thoughts on slurry storage capacity.if in derogation of course
Would be hold off until we find out if the 220 is even going be there.
In 2 years time we could be at 170 and no need for it as carrying less cows
So much uncertainty out there at present to be plunging money into concrete .
B of I are running figures at 220 going forward.
Bigger threat to them is if you are doing development and you dont have enough storage built into your plan.
If you need to go to the bank for funding for slurry storage there is something wrong with your business model. The farm should be able to fund extra storage from cash flow.
I’m trying to borrow from 2 different banks at the moment to go into dairy and derogation hasn’t been mentioned once. It might crop up at some stage but it’s not something that bank officials seem worried about in my experience over the past few months.
If it does become an issue, then it’s just one more bullet point or piece of paper to be sorted. I could be wrong but if a bank won’t lend to a particular farmer, it’s because the business case doesn’t stack up and not because of any statement to the media from the likes of Eamon Ryan.
Absolutely 💯 the home farm should always be supported first and foremost but renting or buying is no harm either .......it just needs to stack up and in a lot of cases at the moment it doesn't renting a dairy farm will never return anything like a top level job for all benefits ie holidays time off sick pay pensions car perks etc etc.
I've also done both and agree with both yourself and gingers points but I don't see value for money in either side at ghe moment the risks vs reward have become too great. Look that's only my opinion . I suppose I'm getting older and starting to see more of the pitfalls instead of the prizes
What's the story now if you're going to a bank for money to let's say build more slurry storage and they wont lend to you as you're in derogation?
20 euros a bale and you can deliver it to me 😂😂😂😂
Anybody that wants to grow in the farming business the best policy is a mixture of renting and purchasing. Renting allows the business to get to a scale where it is then possible to justify buying land. The day you buy land always seem over priced but then 10 years down the road it will seem like good value. The thing with renting is it is a direct cost to the business so it must stack up financially. Whereas purchasing is an investment decision and you are hoping for capital apprecation. In my experiance land has always outperformed money in the bank. We would have bought and sold various amounts of land over the years to get where we are today and although at times it can be testing to meet payments the overall net worth position is always improving.
