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.
BOI asked the same here, but this was to judge at 220N down from 250N. Nothing about 170N / dero going.
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.
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.
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’ve money secured for a tank and new shed next year. I must be a fool 😂
watch this space
You'll probably need the capacity for regulations by then anyway
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
Might be looking for something to sink a load of undeclared cash into.
Was he farming the 200 acres all along himself and would he have family interested in farming
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
Grant or no grant
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.
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
Hoping for grant but with the **** show it is it’s unlikely I’ll have been approved by autumn so might be non grant
Is the grant worth it planner fee planning permission xtra spec then waiting to get paid
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
Does anyone know for certain if its the ammout after grant or total ammount thats depriciated against tax.
Amount after vat
there is also the argument that it’s tax deductible so why bother. You’ll get it back any way
Amount after grant. Can only depreciate the actual cost to you afaik.
After vat , before grant? Or after
The whole vat reclaim thing is very dodgy now too
Not for a tank really. You couldn’t get a more permanent structure.
after vat and grant.
After vat and after grant. You can only depreciate what it actually cost you
grant definitely worth it.... if your documentation is perfect when submitted.. u should be paid promptly enuf.. we submitted our stuff end of march 22 and got paid in July 22...
only drawback with grant is it reduces your capital allowance for the build
How do you figure out which capital investment is ok to do from cash flow and which to borrow money for? Extra slurry storage is not a small investment
True.. but seeing as its a capital investment that can be written off over 8years why would you fund it from cashflow?
paying for it out of cashflow is fine but you always cut corners doing it that way...
But it is not a "green field" investment only additional slurry storage we were talking about. Perhaps 10% extra. If the business can't pay for that there is something seriously wrong.
