- Location
- Fife
I've lived by the mantra "bite off more than you can chew, then chew like fück".
There's been some massive losses. And some big wins.
There's been some massive losses. And some big wins.
Too much...?!
- Thread starter ImLost
- Start date
- Location
- West Wales
I’m guessing your not dairy or you probably wouldn’t have asked on here first… depends on your business and stock though… when working on an arable farm we took on 100 acre because it was an extra 6 days work basically and it was next door..
now at home I’ve taken a fair bit on, almost trebled the stock in 6 years.
now at home I’ve taken a fair bit on, almost trebled the stock in 6 years.
I don't regret much that I've done but I do regret plenty I haven't done but had the opportunity to have a go at
And what's the worst can happen in business...go bankrupt, then start again
bloody profesionals, the only one i would trust is my accountant, i think he know's how my mind work's' . bloody land agent's we are on our 3rd in 4 year's they just take the pizz!I don't trust anyone, let alone "professionals"
Jokes aside, when you say a professional, who would you run the numbers past, that you could trust and wouldn't try and "sell" you something?
betweenthelines
Member
- Location
- southwest
If the land is already rented to the farmer down the road he can't just sub let it to you without the landlord's agreement
In terms of financial security, everything at the moment is rented - it isn't stacking up for me financially, and I have been working towards seriously changing things recently or, through lack of options, get out for a while, stick to the day job and then start again when something better comes up.
This new option would be all rented still, but more secure in that the landlord is currently farming himself, and wants to get out and rent it to someone younger, at a far more sensible price than what I currently pay. Yes it is more primitive than my current setup, but I can work with that.
The next part of the conversation I think will be about purchase options, I don't see any point paying rent if I'm in it for the long game, I need to building equity in more than just some livestock which could easily drop dead overnight.
No, it would more be a case of transitioning to me being the tenant. I know at least 2 of the landlords and think they would be open to this suggestion. One of the other landlords is a typical case of being loaded and living elsewhere, and probably wouldn't care who is renting it.
- Location
- Montgomeryshire
Advice from a race horse training friend of ours that is infamous for his way with words, before we signed up for the tenancy here, was that “sometimes, you’ve got to stick your knob on the block”.
That’s about right, and usually it’s only fear of the consequences of it going wrong that stops you, rather than the likelihood of it doing so.
That’s about right, and usually it’s only fear of the consequences of it going wrong that stops you, rather than the likelihood of it doing so.
To be fair, it was a farmer I have known since I was a kid who was always very fair, balanced, decent, always gives a straight word and a progressive thinker, that made me aware of the opportunity and introduced us to each other, even though all 3 of us live within about a mile of each other!
But yes, it gives you a massive confidence boost when the older generation wants to get us kids involved.
There is so much in the glossy faming magazines about getting the next generation involved, but very little to show for it more often than not.
If at the end of the day it all went tits up as long as you have somewhere for you and the family to live, money to feed yourselves and a vehicle to get the kids to school then it's got to be worth the risk. Worst case scenario you end up stacking shelves in tesco. Probably for more money than most of us earn now!
Heck man, you're about 50 steps ahead of me!
Family?!
Kids?!?!
Tesco?!?!?!
I know it's Halloween mate, but you're scaring me now. I'm nowt but a kid myself still!
Point taken though, I'm going through the steps of separating "normal" life and "farm" life, including finances, so both stand on their own.
Christ in that case sod it jump in if its just you you've got to worry about!
- Location
- Lorette Manitoba
Sounds like you have a golden opportunity but do you have a farm base to add it to or will this be a stand alone operation. If adding on to a family farm and your able to use existing equipment to get the work done it will make a better proposition. I’d say with the info given you need to talk with the landlords and see where they stand. Assumlng the dont care who rents their land might be wrong. keep it all to yourself as there will be plenty waiting to move in on land up fir grabs. Don’t trust agents in my opinion as they all have friends and are likely to sell you out the first chance they get. Talk with your parents if your going to expand the farm your on. They should know the implications of extra land and have a better grasp of its earning potential within the existing farm operation. Don’t dilly dally on this as time won’t make it any better but don’t get taken for a fool.
Father in law told me last year.
'Your a lot more capable than you think you are if you just have a go it's not as hard as you think it will be nothing ever is you just need a bit of faith in yourself'
He was talking about fixing tractors when I took one of mine to pieces then kept finding more and more problems and felt like I was over my head with what I could do because I'm no mechanic. But he was right I got it all back together and working again. It wasn't nearly as hard as I thought it would be.
I've thought a lot about what he said since. It's true about anything. Most things are like that though. I've done loads of stuff I never thought I could do you just have to have a bit of confidence in yourself. You never know what your capable of if you don't try.
Go for it. When you've done it you will find a way to make it work one way or another.
'Your a lot more capable than you think you are if you just have a go it's not as hard as you think it will be nothing ever is you just need a bit of faith in yourself'
He was talking about fixing tractors when I took one of mine to pieces then kept finding more and more problems and felt like I was over my head with what I could do because I'm no mechanic. But he was right I got it all back together and working again. It wasn't nearly as hard as I thought it would be.
I've thought a lot about what he said since. It's true about anything. Most things are like that though. I've done loads of stuff I never thought I could do you just have to have a bit of confidence in yourself. You never know what your capable of if you don't try.
Go for it. When you've done it you will find a way to make it work one way or another.
- Location
- Lorette Manitoba
Very well said. What one man can do so can another. Just a matter of trying.
- Location
- West Wales
If man has made it, man can fix it
- Location
- somerset
we may have the opportunity to buy 50 odd acres, at around £15,000ac, job to pay the interest at that value.
next generation doesn't think its worth doing, and l agree. Different proposition if we thought product prices were going to rise, but we don't trust the guv, or the processors/retailers, to allow that.
but its not only taking land on, its stocking it, as well, all up front costs, that quickly add up. Now, we already farm that 50 acres, and been expecting to lose it before now, so have taken on another 60 acres, renting at £100 ac, what's the better proposition ?
might be different if interest rates were lower !
- Location
- Huntingdon
1)Write stuff down , ideally methodically.
2)and do a swot analysis ( google it)
both will make things clearer
3)confide in someone you trust / respect with the knowledge to point you in the right direction
4) famous grouse & lots of it
2)and do a swot analysis ( google it
)both will make things clearer
3)confide in someone you trust / respect with the knowledge to point you in the right direction
4) famous grouse & lots of it
Not just fix things.If man has made it, man can fix it
You can do anything if you try hard enough. You won't do anything sat on your arse.
Expanded and improved Sustainable Farming Incentive offer for farmers published
Expanded Sustainable Farming Incentive offer from July will give the sector a clear path forward and boost farm business resilience.
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...