£200000 Suffolk

Estate fencing.

Member
Livestock Farmer
You never see a Suffolk ram in the cull pens at Ashford market........... and they sell thousands of sheep.

Rumour has it, Suffolk rams die along time before they get old...........so the best of luck to the buyer who paid £200k for one of them !!
I culled 3 5 year old Suffolk tups couple of weeks ago, big ugly old buggers of which the biggest was 65kg dead!
 

Agrivator

Member
Livestock purchases are 100% tax deductible, quite rightly, even if their value surpasses the £250k you can/could spend on capital purchases recently. Livestock is most definitely not treated as capital expenditure, probably because most ‘capital’ purchases don’t turn their toes up at a moment’s notice.

If you buy a sheep for £200.000, how is it valued in your Closing Valuations? Assuming it hasn't died before the year-end of course. And if it's still alive, how is it valued at the end of it's second year?
 

mghley

Member
Location
Derbyshire
If you buy a sheep for £200.000, how is it valued in your Closing Valuations? Assuming it hasn't died before the year-end of course. And if it's still alive, how is it valued at the end of it's second year?
If it’s not homebred then it’s value is it’s Market Value which could be as low as its cull value if it has proved infertile and not covered by insurance or as high as £200,000 plus if inlamb sales / semen sales exceed expectations. Plenty of margin to adjust figures to suit the accounts and or create the figures end result required !!
 

neilo

Member
Mixed Farmer
Location
Montgomeryshire
If you buy a sheep for £200.000, how is it valued in your Closing Valuations? Assuming it hasn't died before the year-end of course. And if it's still alive, how is it valued at the end of it's second year?

Assuming the accounts are on flock basis, he would go in ‘at cost’ in the first year, then he wouldn’t be valued in subsequent years. His final sale/cull/dead value would then come off the value of the pot eventually.

Of course, income tax would have to be paid on semen sales and/or any large insurance payout on death.
 

easyram1

Member
Location
North Shropshire
If you buy a sheep for £200.000, how is it valued in your Closing Valuations? Assuming it hasn't died before the year-end of course. And if it's still alive, how is it valued at the end of it's second year?
As long as you are on the 'flock' basis (sheep equivalent to 'herd basis' for cattle) it does not matter and purchase price is subsumed into base value of flock. For anyone going into pedigree breeding the 'election' to go on the flock basis has to be done within so many years - 2 or 3? - of starting the flock.
 
Its a merry go around with these prices, watch the in lamb ewe sales at the back end and see what changes hands. The lamb has tree trunks of legs and what use is that when they go in the skip and no payment. Its sad to to see the piped piper type of breeding by a few to ruin a breed over time and all for what.
 

mghley

Member
Location
Derbyshire
Its a merry go around with these prices, watch the in lamb ewe sales at the back end and see what changes hands. The lamb has tree trunks of legs and what use is that when they go in the skip and no payment. Its sad to to see the piped piper type of breeding by a few to ruin a breed over time and all for what.
When will Suffolk breeders and Swale breeders etc realise that the colour of the face , size of ears and front legs mean bugger all to the commercial breeder, they all end up in the bin !
Why has the Suffolk lost so much ground to the continental breeds in last couple of decades ? I would suggest it’s because they have failed to concentrate on conformation and as a result my local markets are almost devoid of Suffolk x lambs and the Suffolk tup seems to have a niche market for breeding ewe lambs for early lambing !
 

sheepwise

Member
Location
SW Scotland
When will Suffolk breeders and Swale breeders etc realise that the colour of the face , size of ears and front legs mean bugger all to the commercial breeder, they all end up in the bin !
Why has the Suffolk lost so much ground to the continental breeds in last couple of decades ? I would suggest it’s because they have failed to concentrate on conformation and as a result my local markets are almost devoid of Suffolk x lambs and the Suffolk tup seems to have a niche market for breeding ewe lambs for early lambing !
Was at a stag do in the pub last night and all the talk among the sheep farmers was if that’s the type of Suffolk they’re breeding then there’s no chance of any of us going back to them.
 

Nithsdale

Member
Livestock Farmer
Was at a stag do in the pub last night and all the talk among the sheep farmers was if that’s the type of Suffolk they’re breeding then there’s no chance of any of us going back to them.

The top of every breed is at it though.
You'd not have a Texel, Beltex, Char, Blackie, Swale, Lleyn (list could go on!) either if you went by the current top priced tup of each breed... None of them are what the respective breed is supposed to be, and you'd be rather daft to assess an entire breed based on 1 record priced animal
 

andybk

Member
Livestock Farmer
Location
Mendips Somerset
The top of every breed is at it though.
You'd not have a Texel, Beltex, Char, Blackie, Swale, Lleyn (list could go on!) either if you went by the current top priced tup of each breed... None of them are what the respective breed is supposed to be, and you'd be rather daft to assess an entire breed based on 1 record priced animal
Agree but prices of that kind always influence the future of the breed ,may will want to boast they have some of that blood in their flock , too many these days are using AI to produce rams , so they dont really know up close and personal what the rams like or what the commercial man wants as offspring sold through a ring without that close contact off feedback .
 

neilo

Member
Mixed Farmer
Location
Montgomeryshire
Agree but prices of that kind always influence the future of the breed ,may will want to boast they have some of that blood in their flock , too many these days are using AI to produce rams , so they dont really know up close and personal what the rams like or what the commercial man wants as offspring sold through a ring without that close contact off feedback .

The top prices in all breeds are often driven by the part time showmen, who fund their hobby with income from elsewhere. That's their choice of course, and while it has never represented what the commercial farmer needs (whether he/she realises it or not), it drives a trade amongst like minded breeders.

To be fair though, most of the highest priced Charollais at Worcester were good carcass sheep, and all were bought by breeders that would draw plenty of fat lambs themselves. It was refreshing to see. :)
 

Nithsdale

Member
Livestock Farmer
Agree but prices of that kind always influence the future of the breed ,may will want to boast they have some of that blood in their flock , too many these days are using AI to produce rams , so they dont really know up close and personal what the rams like or what the commercial man wants as offspring sold through a ring without that close contact off feedback .

They're not chasing the commercial farmer/shepherd, though... they're trying to live the dream and climb the society pyramid.
They just happen to catch out the commercial man who naively thinks that carry on is the right breeding. Which I will admit, there's probably far too many do get sucked into it.

The lower end of trade is where commercial stock are bought and sold
 

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