Cereal farmers...how long will you carry on??
- Thread starter Bossfarmer
- Start date
As said elsewhere many times if it works for you well done don't worry about it. However I can't really see how you could buy that gear on 175acre and pay highish rents without subsidising it from your other work? I certainly couldn't. If you can fair play and if you want to subsidise it from your other business then good luck to you too as long as you are aware you do it and chose to its up to you. Who wants to pay tax anyway......Didn't realise you knew me @Clive pretty much describes my set up, get a few around me that wonder why I have the kit I do.
10 year old MF 6499 and a 17 year old MF 6290 covers the tractors, Vaddy to drill ( 17 Years old ) , Cousins Patriot 3m and 9m rolls ( oldish ) and a Chafer 24m SP sprayer ( 10 Years old ) JCB teleporter ( 20 years old ) 6m Maschio and Simba discs & Press ( age unknown ) Harvest is covered by Class Dom 108 ( 27 years old ) and a 15t Bailey trailer ( 4 years old ) tenant farmer on a fat rent and work off farm nearly full time. All combinable WW-Pea's-WW-OSR rotation, unless CSFB visits then Spr Wheat appears.
Would be interested in the collective masses thoughts on how I can improve the set up as I spend a lot of time on my own
Bossfarmer
Member
- Location
- between Perth and Inverness
If the lad that owns 175 acre is making £100 per acre profit then presumably youd have to be paying a very cheap rent to justify that
So far not subsidised from the other business, but this year it might have to help out, but I'm hoping not, the other business was put in place as a safety net, its success has taken over a bit to the detriment of the farm, occasionally ( especially in the state of the yard )
but overall its working ok. I do struggle to get a holiday though I'm on 300 acre at the mo if that helps
Are you not worried that the management of your £30MILLION asset blocks is determined by the output of a wasting asset worth around £300,000 (1%of total asset value).
Already the case here, haulage, spuds and b&b pigs are not affected by the bps either.
Steevo
Member
- Location
- Gloucestershire
All the time! It keeps me awake constantly worrying what to do about the £30m asset blocks....!
Daniel
Member
- Location
- Mildenhall, Suffolk
With the cold logic of the professional farmer cereal farming is probably a waste of our time.
But it's somewhere to spread the muck and I'm investigating home milling wheat for the hens.
If that is worthwhile a cut in fert costs and the haulage/milling cost savings will hopefully make it look more worthwhile.
Besides who farms with cold logic?
But it's somewhere to spread the muck and I'm investigating home milling wheat for the hens.
If that is worthwhile a cut in fert costs and the haulage/milling cost savings will hopefully make it look more worthwhile.
Besides who farms with cold logic?
Bossfarmer
Member
- Location
- between Perth and Inverness
So the result of the thread is that cereal farming(full time) is a waste of time unless over 500 acres or part of a mixed farming enterprise??
If you want to make cash, then I agree it is a waste of time, but as a low risk, way to maintain an asset, I think it has its place. A bit like the gold and Nationwide Cash ISA in my investment portfolio. Little return, but relatively safe.
No. That's not it at all. It all depends on how many bits of gear you want and what kind of income you desire. There are some TFF members with very efficiently run units and others with excess capacity (and associated costs). Both categories are probably equally satisfied at the moment.
Read the last 15 pages again!
- Location
- Bedfordshire
Have you got any hedges?
- Location
- Bedfordshire
Why is it zero labour? You mean zero PAID labour. Surely as you are also a consultant, the opportunity cost of your labour is high.
I assume your COP on OSR, SpBarley and SpBeans is also less than their value?
- Location
- Bedfordshire
Good thread.
I am not ashamed to have 1 tractor HP per ACRE. But the value of that power is only £130 per HP. I keep a combine on 130hrs a year, but keep it 10 years. I bought a new SP sprayer 10 years ago but it will probably do another 10.
There are many ways to grow crops.
I am not ashamed to have 1 tractor HP per ACRE. But the value of that power is only £130 per HP. I keep a combine on 130hrs a year, but keep it 10 years. I bought a new SP sprayer 10 years ago but it will probably do another 10.
There are many ways to grow crops.
Colin
Member
- Location
- Perthshire
'kin 'ell enough already, have you not all got work to do
Daniel
Member
- Location
- Mildenhall, Suffolk
Bank holiday at mother in laws....
Bossfarmer
Member
- Location
- between Perth and Inverness
How many acres of grain are you doing per year?
Colin
Member
- Location
- Perthshire
I suspect you'd rather be farming!
Return from output has always been overshadowed by increase in capital worth and tax savings
You don't invest in land for dividend return, you hold it as an investment for tax reasons and capital growth
But (once more) land ownership (an investment) and farming (a trade) are not the same thing !