- Location
- Limousin/Charentes toad land
How to half finance a 1.2 million farm in france at 50. with 400k deposit ?
Find an obliging vendor
But of course you still need a plan to make some repayments
How to half finance a 1.2 million farm in france at 50. with 400k deposit ?
How to half finance a 1.2 million farm in france at 50. with 400k deposit ?
Thank you leBonPaysan for you help.Sorry to say I don't think it will be possible. 800,000 plus interest over 15 yrs max because of age plus machinery and or stock. Banks look at earning capacity of the farm and not lending against value.
You don't give a region you're looking at but around here the Limousin it's livestock based area and the stocking rate is very modest. Sheep at 7 per hectare at 1.3 lambs, a cow a hectare and the possible droughts in summer.
@IJerry
As I always understood it no but they can block certain purchases to assist priority categories of buyers / rentersis Safer only for under 40's ?
I know several who had ski qualifications to teach that the french refused to accept, but why people would ever expect anything different is surprisingOne thing about france other than farming and perhaps building!!!! when the uk was in the eu qualifications were supposed to be equal this never really happened in france ,so these days if her in doors has any ideas of coming to do some professional work dont count on that!!!!
You will only get maximum a 15 year mortgage as they normally have to finish before you are 65, The only way this would work for you to get a viable farm would be to buy the house and buildings autofinance, and negotiate a "pret d vendeur for part of the land" , and get an outside investor to buy the rest and give you a 24 year "bail cessible on the rest.Thank you leBonPaysan for you help.
I have worked on mixed farm all my life Dairy & Cattle and Arable.
What would 800k get you in the north (dairy / arable) ? What profit would it potentially deliver ?
What would 800k get you in the Limousine area ? What profit would it potentially deliver ?
What would 800k get you in the Aquitaine / midi-pyrenees area ? What profit would it potentially deliver ?
Just looking at best-guess estimates ?
Thank you for your help in advance
Jerry
Thank youYou will only get maximum a 15 year mortgage as they normally have to finish before you are 65, The only way this would work for you to get a viable farm would be to buy the house and buildings autofinance, and negotiate a "pret d vendeur for part of the land" , and get an outside investor to buy the rest and give you a 24 year "bail cessible on the rest.
Thank you
Will I
Mrs lbp went to the PAC meeting at Magnac today.You would need a 200 hectare arable farm averaging 8 tonne hectare wheat minimum to finance 800k debt, at 50years old it would likely be a bad move, no bank that i know of would touch that borrowing at that age
Yes bashing us poor arable farmers struggling to make the most modest of livings off poor shallow stone infested soil, only to give it to those rich deep loam land of beef and money farmers, Thankfully i am only a SMALL arable farmer,I am only 5' 6" tall.Mrs lbp went to the PAC meeting at Magnac today.
I'm glad I'm not a big arable farmer
I suggest anyone who has an open meeting arranged by the Chambre to go and see what is coming in the new PAC from 2023 to 2027.
You forgot about the sandYes bashing us poor arable farmers struggling to make the most modest of livings off poor shallow stone infested soil, only to give it to those rich deep loam land of beef and money farmers, Thankfully i am only a SMALL arable farmer,I am only 5' 6" tall.
Hi everybody! Am wondering what is causing the lift in beef and sheep factory prices in Ireland? And is it an overall European trend. And what is causing that?
In ireland...R3 steers and heifers are around 4.65/kg atm.
With sheep hoggets hovering around 6.80/kg.
What are the equivalent prices in France and UK?
Many thanks!
well thats all dutch to me!
Looks like I am not too far out.