Penalty for "disbanding" a herd?

Merrion · 2015-08-17 18:29:11

The in-laws have a small herd of beef cattle (20 ish) and circumstances have changed such that they can't realistically look after them - but they are worried there is some financial penalty if they sell them off during the year. Is this true and, if so, is it a significant amount/issue? Or what's a sensible thing to do in…

17-08-2015 07:29PM

#1

Merrion

Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭

Join Date: November 2002

Posts: 1252

The in-laws have a small herd of beef cattle (20 ish) and circumstances have changed such that they can't realistically look after them - but they are worried there is some financial penalty if they sell them off during the year.

Is this true and, if so, is it a significant amount/issue? Or what's a sensible thing to do in this circumstance?

0

Comments

#2 17-08-2015 09:06PM

Willfarman

Closed Accounts Posts: 3,239 ✭✭✭

Join Date: July 2014

Posts: 3228

I think the accountant is who to ask.

0
#3 17-08-2015 09:33PM

dohc turbo2

Registered Users, Registered Users 2 Posts: 848 ✭✭✭

Join Date: October 2012

Posts: 812

Stocking rate and seven month keeping I presume u talking about for the Sfp

0
#4 17-08-2015 11:08PM

Merrion

Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭

Join Date: November 2002

Posts: 1252

Sounds like "Single Farm Payment" alright - I'll have a read .. thanks.

0
#5 18-08-2015 08:40AM

Sam Kade

Registered Users, Registered Users 2 Posts: 12,297 ✭✭✭✭

Join Date: January 2007

Posts: 12174

It's the disadvantage area payment if they are in receipt of it that will be affected. Won't make any difference to sfp.

0