Warp Land Farmer
Member
- Location
- Hazzard County
If you dont mind me asking what ELMS pilot do you have? Interested to see what options are bing considered.Not at the minute but when our ELMS pilot turns to a proper agreement then yes.
If you dont mind me asking what ELMS pilot do you have? Interested to see what options are bing considered.Not at the minute but when our ELMS pilot turns to a proper agreement then yes.
I’ve got this for a decent amount under £150, I get the sub and can grow what ever is suitable for the soil types. It has grown spuds and carrots in the past but they aren’t currently in my rotation.Was offered £150/acre and we keep subsidy a few weeks ago. Deal until 2024 and then revisited due to loss of subsidy and ELMS as we’ll be going fully into ELMS so land area for growing crops will be drastically reduced. Any root crops would see a ‘top up’ payment of £200/ac for pots and £400/ac for carrots/parsnips etc. Irrigation on suitable land £25/acre inch plus cost of the license.
Yes simply...if you get the land do a calculation on how much extra profit your farm is going to make based on your projections...then take off 10% and also consider all the work you are going to have to do to get that little bit of extra profit..i say be realistic,sometimes its better not to get itI’m looking at putting a tender together for a 5 year FBT, it’s a decent size block of land but will need some tidying up in the first year. It’s a mixture of soil types grade 1-3 but after having a dig this morning I’d say predominantly grad 2, will be fine for what we grow
If I’m successful I will need buy the entitlements, so my questions are
1 - What are entitlements worth at the moment?
2 - Will they still have a value after 5 years?
3 - Should I be looking at a reducing the rent at the same rate as bps?
3 - Should I average the bps Over 5 year’s and offer a fixed rate with a reduction on the first year to cover getting the land into production?
4 -Anyone want to throw some figures around for rents?
I know where I need need to be at to make money, but what would I need to be at to get it ?
5 - Any other considerations?
It’s to late, I’ve got itYes simply...if you get the land do a calculation on how much extra profit your farm is going to make based on your projections...then take off 10% and also consider all the work you are going to have to do to get that little bit of extra profit..i say be realistic,sometimes its better not to get it
Oats normally mean low ph in my experience!I’ve got this for a decent amount under £150, I get the sub and can grow what ever is suitable for the soil types. It has grown spuds and carrots in the past but they aren’t currently in my rotation.
There’s actually a very good crop of oats on some of the fields which have been left behind, thinking I’ll getting them cut next week as a bit of a cash back deal.
Oats normally mean low ph in my experience!
it was been contract farmed, the estate must have decided they weren’t worth paying to harvest, cart, store etc. I have to bring the combine back from another farm so virtually passing the entrance, may as well call in and knock them off. At over £170t there’s a decent crop of volunteer wheat I may have a look at as wellHow come the oats got left behind..?
I wish you all the luck in the world...lets hope you earn a fortune...well doneIt’s to late, I’ve got it
Thank you,I wish you all the luck in the world...lets hope you earn a fortune...well done
I've never been successful like yourself.Most of the oats look to Have been drilled and are just about ready cutting! I’ll try and get some pictures later but don’t officially get the keys till Tuesday.
It will all be getting a full test, we’re on a VR application system so need it all mapping, l’ll be getting my man @Rhiza-UK on the job shortly
This is a good plan, I do it even though an FBT doesn't usually specify it. Treat the land like you would your own or an Ag. Holdings tenancy and the landlord should be impressed.I've never been successful like yourself.
But I always say full soil tests before taking on a new piece of land. I can tell them I will leave soil in same nutrients status as when I took it on.
Fair for everyone.
Not that good!This is a good plan, I do it even though an FBT doesn't usually specify it. Treat the land like you would your own or an Ag. Holdings tenancy and the landlord should be impressed.
Hi Phil, I'd like to congratulate yourself on being successful on the applicant. I'd just like to say we was drafted in in 2017 to help the estate out as they was in a very unfortunate position. The land had actually been contracted farmed for over 20 years not just 2 years, unfortunately due to the weather the estate decided against putting a crop in 2019. After lots of discussion lord newton decided the cost he needed to spend on the land on trace elements, drainage, grain store ect and the travelling was too much for him so he made the tough decision he has retired from contract farming. The crops that are on the fields are volunteers only and we didn't even put the drill in the ground apart from attempted OSR.Tbh, I’m not sure which way this could go! It’s been contract farmed (Of a fashion) for the estate for the last two years and it’s not been advertised. Still not getting my hopes up though?
Thanks Herb, not had a catch up for a while.Hi Phil, I'd like to congratulate yourself on being successful on the applicant. I'd just like to say we was drafted in in 2017 to help the estate out as they was in a very unfortunate position. The land had actually been contracted farmed for over 20 years not just 2 years, unfortunately due to the weather the estate decided against putting a crop in 2019. After lots of discussion lord newton decided the cost he needed to spend on the land on trace elements, drainage, grain store ect and the travelling was too much for him so he made the tough decision he has retired from contract farming. The crops that are on the fields are volunteers only and we didn't even put the drill in the ground apart from attempted OSR.
I wish the best of luck and if you need me for anything give me a call. Herbert
I’m looking at putting a tender together for a 5 year FBT, it’s a decent size block of land but will need some tidying up in the first year. It’s a mixture of soil types grade 1-3 but after having a dig this morning I’d say predominantly grad 2, will be fine for what we grow
If I’m successful I will need buy the entitlements, so my questions are
1 - What are entitlements worth at the moment?
2 - Will they still have a value after 5 years?
3 - Should I be looking at a reducing the rent at the same rate as bps?
3 - Should I average the bps Over 5 year’s and offer a fixed rate with a reduction on the first year to cover getting the land into production?
4 -Anyone want to throw some figures around for rents?
I know where I need need to be at to make money, but what would I need to be at to get it ?
5 - Any other considerations?
Provided all parties are still happy at the end of the 5 years it should roll into another 5 year agreement, probably be a rent review with the loss of bps and the start of elm’s.Congratulations. Your main consideration should be to assess what happens when the 5 years is up. Are you able to negotiate an extension after the first year or so?
Whatever you do, when the term is up, and you haven't obtained an extension, leave with good grace. It will work in your favour when you apply for another FBT, either with the same or with another Landlord.
One of the main factors which inhibit Landowners from letting land, and which make it almost impossible for would-be tenants to obtain a tenancy, is the fear that Landlords have of being landed with a rogue tenant who, at the end of the term, tries to sit tight.