The best farmers are not farming as we know it

[livestock 1]

only 500k or so a year in interest!

Buy 10 acres then and sell 5 or 100 and sell 50

 

[snarling bee]

Where in the UK do they grow bananas and avocados???

Thats what I am saying, not enough natural heat

 

[Jackov Altraids]

Thats what I am saying, not enough natural heat

Yet.
The climate is changing, don'tcha know.

 

[Vader]

It would be interesting to run a poll on what % of income is derived from non farming uses vs total owned land

Zero income from non farming.

 

[Vader]

The Mexican fisherman paradox

The Story of the Mexican Fisherman

photo credit: click here This is the story that started the “be more with less” movement for me. While I knew all work and no play wasn’t the way, I thought I would forever be stuck in the cycle of working to live. I thought I would always have a car payment, credit card debt and […]

bemorewithless.com

Thought the same as the fisherman a few years ago.
Changed way I think on life and now spend LOT more time with the family and do less long hrs.
Start looking at what you chasing and is it worth the loss in quality time?

 

[Pilatus]

As said many times before nothing new in using money from other businesses to buy land / support a farm.
I may be shot down but I suspect there has been and is very little land bought solely from the profits of farming and that’s the world over. Once land is bought and completely paid for , it must be easier to perhaps make a profit than if you have a rent to pay or mortgage equivalent to pay on every acre one is farming, and that must be the same the world over.

 

[czechmate]

Buy 1000 acres pay the interest on the loan then sell 500 acres 15 years later you will have 500 for nowt

Funnily, my thinking when I bought here, with subs being 10% of the value of land (not farms), was that after ten years I have been given the (all of it, not half) land
Basically, after ten years that has been the reality

 

[Devil's advocate]

Buy 1000 acres pay the interest on the loan then sell 500 acres 15 years later you will have 500 for nowt

Some came very unstuck in the late 90's with that one.

 

[Poorbuthappy]

Buy 10 acres then and sell 5 or 100 and sell 50

If I've done my sums right, those "free acres" have actually cost you 15k an acre in interest over the 15 years
And that's presuming land does more than double in value.

 

[Whitewalker]

A cheap system has worked for some although I spend a lot I would still consider myself having a cheap system. Spending a lot on feed for example isn’t really an issue as long as that feed is returning a good percentage of the cost back. When it is then it looks like you haven’t spent enough. Turnover although many on here say it means nothing it is something that banks take seriously and if it isn’t there then won’t take you seriously. So if you intend to expand that’s one of the things you are going to need.

My cousin runs a civils firm , kids came in and pushed it further, he said they've doubled turnover but it's becoming such a hungry animal to feed they are now undercutting on price to keep it fed in work I'm not sure what the best option is. I didn't ask him if profits had doubled but I was thinking it.

 

[livestock 1]

If I've done my sums right, those "free acres" have actually cost you 15k an acre in interest over the 15 years
And that's presuming land does more than double in value.

I think that would be unlikely unless the land was very expensive to start with which would make it a no go anyhow

 

[Poorbuthappy]

I think that would be unlikely unless the land was very expensive to start with which would make it a no go anyhow

I just based it on the 13k / acre that neighbouring land to me made, and 4% interest. Can you even get 4% fixed now?

 

[livestock 1]

I just based it on the 13k / acre that neighbouring land to me made, and 4% interest. Can you even get 4% fixed now?

Not now but it was a lot lower for a long time previously than that.
We bought some in the 90’s £1000 an acre ish was offered 6k an acre for 400 acres of it a few months ago that’s the sort of calculations I was working off
Was that land 13k an acre 15 years ago?

 

[Poorbuthappy]

Not now but it was a lot lower for a long time previously than that.
We bought some in the 90’s £1000 an acre ish was offered 6k an acre for 400 acres of it a few months ago that’s the sort of calculations I was working off
Was that land 13k an acre 15 years ago?

It's no good telling me what I should have done 15 years ago!

Been hard enough keeping up the payments on what we did buy 17 years ago.
No family farm to offset it against.

 

[livestock 1]

It's no good telling me what I should have done 15 years ago!

Been hard enough keeping up the payments on what we did buy 17 years ago.
No family farm to offset it against.

Well we did it only a family farm I still couldn’t tell you if it was right or wrong the way things have gone and are going

 

[neilo]

Not now but it was a lot lower for a long time previously than that.
We bought some in the 90’s £1000 an acre ish was offered 6k an acre for 400 acres of it a few months ago that’s the sort of calculations I was working off
Was that land 13k an acre 15 years ago?

I know time flies when you’re having fun, but the part of the 90’s when land was £1k/ac was 30 years ago, not 15.

 

[livestock 1]

I know time flies when you’re having fun, but the part of the 90’s when land was £1k/ac was 30 years ago, not 15.

Yes well 1 to 6 in 30 gives you 1 to 3 in 15 or should do anyway

 

[livestock 1]

Not sure it’s worth the work commitments more than anything else if I was being honest

 

[neilo]

Yes well 1 to 6 in 30 gives you 1 to 3 in 15 or should do anyway

Do you really think we will see that same rate of growth in value from current levels? I certainly don’t.

 

[Hilly]

Not sure it’s worth the work commitments more than anything else if I was being honest

The work load on stock farms these days is gotton ridiculous & even more so the lack of return .. and in comparison what can be earned off farm in a job ……