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Trying to finance a farm - Mortgage an Option

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Comments

  • #32
    josephsoap
    Registered Users, Registered Users 2 Posts: 665 ✭✭✭josephsoap


    is there any financial companies that do commercial mortgages that could fund such a proposal?



  • #33
    sob1467
    Registered Users, Registered Users 2 Posts: 793 ✭✭✭sob1467


    https://www.boards.ie/discussion/comment/122157296#Comment_122157296

    Funny my perception was the same from doing similar to yourself around here last few years.

    Has profit per acre increased? Nope don't think so other than the usual cyclical stuff, like sheep had good year there a while back. Beef are same as ever and milk was very good now not as good.

    Some of the government/EU policies are messing up land prices too. Like only reason a lot of land been rented at €400/500 an acre is Dairy men that need more land to get under nitrates directive. Also with some of the money going to Young Farmers they are putting a lot of money on rented land to get the subs.



  • #34
    Silverdream
    Registered Users, Registered Users 2 Posts: 681 ✭✭✭Silverdream


    I'd be weary of buying land at inflated prices, a change in government policy like a change to the Agricultural relief inheritance tax could see a dramatic drop.

    But Land is funny as theres always someone wishing and wanting it.



  • #35
    sob1467
    Registered Users, Registered Users 2 Posts: 793 ✭✭✭sob1467


    https://www.boards.ie/discussion/comment/122159567#Comment_122159567

    This is a good point but agricultural relief has been around since CAT was introduced in the late seventies. Land could also fall into business relief that is similar and that has been around since the mid-nineties.

    You are correct though with potential change of political guard, you never know and farmer's are seen as rich guys by some….



  • #36
    Silverdream
    Registered Users, Registered Users 2 Posts: 681 ✭✭✭Silverdream


    True, our new popular party has been signalling that they intend to "reform" Inheritance rules, along with adding certain wealth taxes



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  • #37
    K.G.
    Moderators, Society & Culture Moderators Posts: 3,507 Mod ✭✭✭✭K.G.


    If income tax was reduced for farmers but a basic land tax was introduced instead ,what effect would it have on the country



  • #38
    amacca
    Registered Users, Registered Users 2 Posts: 7,286 ✭✭✭amacca


    https://www.boards.ie/discussion/comment/122160117#Comment_122160117

    I dont know but I cant imagine it would go down well....what sort of tax do you put on a part time famer already at 40% in off farm employment etc

    Put a tax on the food below the cost of production (never mind with a margin on top) and forward that on to the farmer squeezed at the bottom!



  • #39
    Kevhog1988
    Registered Users, Registered Users 2 Posts: 4,283 ✭✭✭Kevhog1988


    An interesting listen albeit from a UK perspective

    https://spotify.link/GbnaEeoDOJb



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