Princess Pooper
Member
- Location
- East Mids
doesn't make a blind bit of difference!!!
£x less income from hay sales declared, but £x less expense hiring a bull! Net effect = zero!
What price for Quality Round Bale Hay
- Thread starter Kinburn1919
- Start date
£x less income from hay sales declared, but £x less expense hiring a bull! Net effect = zero!
Thick Farmer
Member
- Location
- West Wales
Surely hay sales are taxable income. Is hiring a bull subject to 100% tax relief?
Penmoel
Member
Penmoel
Member
Hiring the bull would be a legitimate business expense against profit, just like hiring a tractor
- Location
- Ceredigion
But I can quite understand someone selling by the bale
Walterp
Member
- Location
- Pembrokeshire
Round here it's sold off the field by the bale, which is simple. We were offered 100 bales @ £22 a bale last month, which we (regretfully) turned down. But that is, I think, about what it's worth.
Princess Pooper
Member
- Location
- East Mids
Profits are taxable, rather than 'income'. If your income is £1k higher due to hay sales and your expenses are £1k higher due to hiring a bull the net profit effect is exactly the same as doing neither.
Round bale of hay 22 is to dear
Penmoel
Member
Sold a guy (horsey) small bales last year @ £4, this year he said he wants round bales and says there are 10 small in a round and offered £25-£30 for a round bale.
Is it my maths wrong or his
The clue is in your description horsey folkSold a guy (horsey) small bales last year @ £4, this year he said he wants round bales and says there are 10 small in a round and offered £25-£30 for a round bale.
Is it my maths wrong or his
- Location
- Ceredigion
A lot can change, I know guys buying hay to store for 2 years time as they say it's cheaper that the cost of making and it will never be cheaper, same with straw it's never going to be as cheap, buy buy buy
Penmoel
Member
- Location
- Ceredigion
I have a lot of straw yes, have to carry a big stock as the farms we supply expect us to supply them right through they no longer buy large amounts off the field,it suits them as they save shed room and save money I suppose, I will have to take a loss on what's left but thats life,
that you talking the market down again derrick
How much cheaper is straw than last year? About £20/tonne?
Yes but cheaper to make and all handling by machine would have thought 30 was not far outSold a guy (horsey) small bales last year @ £4, this year he said he wants round bales and says there are 10 small in a round and offered £25-£30 for a round bale.
Is it my maths wrong or his