Recent content by Morganwyn

  1. M

    Inheritance tax

    is there anyone able to explain to me how inheritance tax works on agri land? the land is currently being rented out for agri use. the land is currently my grandfathers land. ive been told if we farm it we wont need to pay inheritance tax. is this true?
  2. M

    Contracting hay

    Ive got around 60 acres of grass. What would be the cost to get it cut and get it turned into hay or silage? If i get a contractor to do everything will there be any profit for me to sell the bales?
  3. M

    Grazing license or farming tenancy

    Which is best Grazing license or farming tenancy? Currently ive got 40 acres out on a farming tenancy. I was thinking of switching it over to a grazing license so i can put my animals on it aswell. Who pays for fence repair ect on a grazing license? i am aware that you can claim bps if its on a...
  4. M

    Cheap cattle/calves shed

    Thanks What would you do with the floor?
  5. M

    Cheap cattle/calves shed

    All ready tried. Got planning on other outbuildings though
  6. M

    Cheap cattle/calves shed

    Ive got this very old and battered outbuilding. I was thinking of putting a roof on it an use it as a cattle shed. What would be the cheapest way of doing it? Its about 40x16ft could you use planings as a shed livestock floor?
  7. M

    Buying lambs and ewes in spring selling in winter?

    That’s why I thought about cattle first but I haven’t got anywhere to keep them over the winter
  8. M

    Buying lambs and ewes in spring selling in winter?

    Would there be any money to be made in buying ewes with twins in spring and selling before end of the year?
  9. M

    Buying cattle in spring selling in winter

    Im a full time engineer but i can check and feed animals on the way and on the way back from work.
  10. M

    Buying cattle in spring selling in winter

    The BPS element was £68.74 per eligible hectare The greening element was £53.42 per eligible hectare The redistributive element is paid on the first 54 eligible hectares at a rate of £114.89/ha.
  11. M

    Buying cattle in spring selling in winter

    That’s what im currently doing. But im going to have to be careful with inheritance tax. Aswell im leasing the land for £100per acer but if i farm it i can get £230 per acer through the welsh government and be able to apply for grants
  12. M

    Buying cattle in spring selling in winter

    Mi would this be like loaning heifers over the summer?
  13. M

    Starting farming

    I want to start farming livestock on the side. I have done it in the past. I have around 60 acres. I was thinking of buying cattle but I don’t have a shed to keep them in over the winter. Is it worth buying cattle in spring and sell in winter? If so what age and type cattle would be best?
  14. M

    Buying cattle in spring selling in winter

    What should i buy? Cull cows?
  15. M

    Buying cattle in spring selling in winter

    What would be best to do? I need cattle to graze over the summer months but need them gone buy December at the latest
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