I know one of the farmers- he said he needed to sell 2 bulls every year to Ai to have any money for living
I’m only farming 15 years- when I came home we were milking 80 cows- tru renting land we are now trebling our milk output from when I came home- selling up to 100 fresh calved cows every year and providing a really go living for 3 families with only 160 cows
I have built 5 decent sheds from cash flow in the last 15 years
Like your style
Used to get in student vets, foreign students, problem is ended up going out with one for a few years. Had an ad on dd a few months ago, most workers want accommodation now.
Bought a few acres for 7.5k an acre 8 years ago on hilly land and rent land also. Prefer to buy as I won't reseed etc on rented land.
Why wouldn’t you reseed on rented ground
Land was always a good investment bought at the right price .Would you consider 1 millon for 50 acres of reasonable land no buildings, no site potential and not bounding a good investment .I am doubtfull of it paying for itself in the current climate but the wheel keeps turning is the only condideration
No may about it but what about the next generation. Nice to leave something for them imo. I was left a viable farm myself and would like to be able to pass on a viable farm If they're interested. Renting is just a means to an end.
80 to 90 percent of ground is owned, prefer to reseed it instead. Short leases so.u never know what will happen
You need everything on long term leases- if they pull out early they have to cover you for loss of earnings
1 million would buy 3 houses locally and yield a return of 6000 per month on rent
perspective if it was ever needed
All depends on the amount of capital available. As I always say buying is an investment decision renting is a business decision
18 years ago was 2006... us folk that are old enuf to remember them times.. remember that fellas had lost the run of themselves because a creature known as a 'Celtic Tiger' was around messing with fellas heads... he disappeared shortly after 2006... out of interest the person/business/company that bought that land do they still own it???
Rent is just dead money. Enriching others off your back. Not for me anyway.
Yeah there’s 150 race horses on it
So you can make 1000/acre from farming
you can rent 7 acres for every acre you can buy
so by renting you can make 7000 for every 1000 that you spend buying the land
its fairly simple mathematics
We’ve always been renting at least 1/3 of the land we farm only ever in conacre but of the 4 bits we’ve rented least amount of time we’ve had one of them places is 5 years and we’re in another place 20 years plus, they’re all rented at what I’d call fair money for them and has allowed us to take opportunities to buy land that we wouldn’t have been able to do so otherwise.
Having said that renting only makes sense to a point, talks of 400 an acre is nothing short of madness anything over 250 even if it’s bounding you is questionable imo.
unfortunately with the money being paid for rented ground at the moment.. this statement is very true....
what sickens me about renting land... you want to improve it and make it as productive as possible... but you could end up making it productive for someone else... if your renting land you should leave worse than when you got it...
I know of two guys locally who spent fortunes on leased ground they had for 5 year leases when the lease was up both places were sold for big money and they were middling farms of land only they had been reseeded, new passages etc and looked the part. You’d be foolish to spend big money on leased ground unless you were guaranteed to have it for 10 years.
For casual labour the premium is based on the wage paid over the year. So if your cover is for €5k of work over the year and yet you’d payed €20k wages, the insurance company will look for your accounts to prove it if you’d a claim
What are u going to do if u loose all ur rented ground how will u be able to farm if uve no land its not a very smart buisness plan u have
Current intrest rates, are will cruxify anyone badly exposed on variable rate loans who might be only a few years into a significant land purchase, its like farming simulator on here at times, the strength of some posters re land purchases and their ability despite bad years weather/milk price wise is bemusing, honestly lads ye are in the top .1% of dairy farmers in the country but your inability to contemplate the average farmer been able to do what ye can and belittle lads renting ground etc you can't seem to grasp the particular set of circumstances that's allowed you to achieve the above isn't replicable on 99% of dairy farms
I've been on the wrong end of that statement, getting land back from someone who only used it to draw down entitlements. He left rushes grow on wet ground and there was nothing to do only plant it when he left. Ditches and hedges falling down every where else. The damage was done before I realised what was going on.
I'd say the least any tenant could do is leave land the way they found it. I'm fairly sure that's written into every lease but I don't know how enforceable it is.
Capital appreciation is where you build wealth from property.
Luckily everyone doesn’t seem to have a narrow minded short sighted outlook as yourself
And what about the rental income??
At what price would you buy land if the opportunity ever arose or will you never buy land as you see it as a bad investment?
Its unreal .no clue what s like to not have
Tirlain are morphing into a worser paying version of Arla if they start to go this road, re enforcing this, I wonder if you can't afford/don't want to borrow the money to comply with action 7 will you be in breach of your msa and allowed to join another co-op if you don't adhere to thier rules
