All things Dairy

Location
Cheshire
It's so important.
Both of them will know they can do anything they want to with their lives but if they choose farming it will be because they understand it can offer them the life they want.
If they choose farming then they will have the tools to take it in their direction, i would be reluctant to set the direction.
 

frederick

Member
Location
south west
I do think there is an unhealthy aversion to debt in a lot of these posts

If you were to look at the majority of successful companies in the world they would be carrying 30-50% of their business capital as debt.

Successful management of debt simply requires a performance that is likely to exceed future interest rates and depreciation and an understanding of all that.

If you want to know what farming with real debt is like ask @Serup. Some northern Europeans don't even think repaying the capital is worthwhile.
 

sidjon

Member
Location
EXMOOR
I do think there is an unhealthy aversion to debt in a lot of these posts
We have had a large debt (50% of total business) and am within five years of clearing it, few things have happened in the last month and looking likely to go 50% again and purchase a neighbours farm, take to herd up to 400 cows and do a lots of infrastructure, now just got to figure out the best plan forward.
 
I do think there is an unhealthy aversion to debt in a lot of these posts

If you were to look at the majority of successful companies in the world they would be carrying 30-50% of their business capital as debt.

Successful management of debt simply requires a performance that is likely to exceed future interest rates and depreciation and an understanding of all that.

If you want to know what farming with real debt is like ask @Serup. Some northern Europeans don't even think repaying the capital is worthwhile.
That’s only because their laws work in that way!
debt is a very personal and age/stage of career related thing. I have perhaps done things the hard way. By only mortgaging land and doing everything thing else through the overdraft. But it does keep you on your toes. Doing building projects through the overdraft can be a bit tricky at times though. 🙁
 

Bald Rick

Moderator
Livestock Farmer
Location
Anglesey
I do think there is an unhealthy aversion to debt in a lot of these posts

If you were to look at the majority of successful companies in the world they would be carrying 30-50% of their business capital as debt.

Successful management of debt simply requires a performance that is likely to exceed future interest rates and depreciation and an understanding of all that.

If you want to know what farming with real debt is like ask @Serup. Some northern Europeans don't even think repaying the capital is worthwhile.

Evergrande, the mega Chinese company has $300 billion … yes, billion … of debt.

They are rumoured to be defaulting on their repayments mind you
 

frederick

Member
Location
south west
That’s only because their laws work in that way!
debt is a very personal and age/stage of career related thing. I have perhaps done things the hard way. By only mortgaging land and doing everything thing else through the overdraft. But it does keep you on your toes. Doing building projects through the overdraft can be a bit tricky at times though. 🙁
Your right about debt being very personal and my debt horizon has also significantly changed.

However as long as your business is well run top 25% of dairy farms your net worth in 10 years time will be greater if you keep investing and running debt than simply operating out of cashflow.
 
I do think there is an unhealthy aversion to debt in a lot of these posts

If you were to look at the majority of successful companies in the world they would be carrying 30-50% of their business capital as debt.

Successful management of debt simply requires a performance that is likely to exceed future interest rates and depreciation and an understanding of all that.

If you want to know what farming with real debt is like ask @Serup. Some northern Europeans don't even think repaying the capital is worthwhile.

I came home to a business with fairly high debt levels, my attitude towards debt is easing but as a tenant big debt is never something I've had access to or been comfortable with..........








.......but I pay £150k + in rent each year. At current interest rates that wouldn't buy me a decent sized mortgage. My choices however are very limited because both mine and wife's parents are aging and local and there's not a chance she would move more than a few miles away.
 

frederick

Member
Location
south west
But he's right a lot of bloody twits get educated at private schools.
Why because their parents realise that their child might not be the brightest kid out there but they also realise if they can afford it paying for that kids education will be better than hoping for the best in the state system.
It is a sad reflection on the UK that to achieve equality of education it is the private system that is knocked to bring the standards down rather than expecting the state system to be as good and therefore make the private system redundant.
 
I have worked with several privately educated people from the likes of Eton and Marlborough etc. Not sure I agree with it being a good investment!

Hunger, grit and intelligence is much more important
it is when you only other option is to see them struggle at the back of the class in this areas very avg state schools. I should know that was me in the 80s.
It s amazing what you’ll sacrifice to give your kids a chance.
 

TomB

Member
Location
Wiltshire
But he's right a lot of bloody twits get educated at private schools.
Why because their parents realise that their child might not be the brightest kid out there but they also realise if they can afford it paying for that kids education will be better than hoping for the best in the state system.
It is a sad reflection on the UK that to achieve equality of education it is the private system that is knocked to bring the standards down rather than expecting the state system to be as good and therefore make the private system redundant.

Too true plenty of entitled prat’s, but as many who will go on to lead high flying careers. No doubt the state sector has as much variation. My children just starting out in education and trying to make the right choices for them leaves me scratching my head.

Full agreement that with hunger, determination and intelligence. Debt important to give you something to keep you keen and give the business focus. Easy to become lazy. Provided the debt isn’t strangling the business.
 

Jdunn55

Member
That much grass in Dec would be prone to frost / snow damage in these parts.

Neighbours fat lambs have gone home this week. Done a cracking job pulling the surplus off without chewing it into the ground. Left a nice leaf ready to grow.
Lamb grazing cheque should be arounf £6k. Enough to buy a load of fert. ---------------- Well last year it did :(

View attachment 1006868
Don't worry us southerners get ready same problem! This will be grazed by xows in 10 days time and then grazed again at the end of February before hopefully being shut up for first cut
 
Too true plenty of entitled prat’s, but as many who will go on to lead high flying careers. No doubt the state sector has as much variation. My children just starting out in education and trying to make the right choices for them leaves me scratching my head.

Full agreement that with hunger, determination and intelligence. Debt important to give you something to keep you keen and give the business focus. Easy to become lazy. Provided the debt isn’t strangling the business.
Promises promises
 

pappuller

Member
Livestock Farmer
Location
M6 Hard shoulder
Currently deciding whagballand chain is for 16 year old son at the moment.

Come to conclusion on 250 cows anything under a million is working debt. Over 2million was ball and chain
Let him decide for himself ffs, the boys got 10yrs of pussy and booze before he needs to have that saddle on his shoulders, my boys 19 now but our current expansion plans are my baby, his time comes in the next 5/10 yrs if he wants it
 

frederick

Member
Location
south west
Let him decide for himself ffs, the boys got 10yrs of pussy and booze before he needs to have that saddle on his shoulders, my boys 19 now but our current expansion plans are my baby, his time comes in the next 5/10 yrs if he wants it
He already knows the earliest the farm will welcome him is 22 be that education or working for someone else.
Somebody else can yell at him when he's late after too much booze and pussy.
 

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Written by Charlotte Cunningham from CPM Magazine

JCB has launched new Fastrac 4000 and 8000 Series tractors with an all-new electronics infrastructure which is claimed to deliver higher levels of performance. According to JCB, the new Fastrac iCon operator environment has three key features: iConfigure – creating a bespoke control experience for every operator iConnect – integrating advanced precision agriculture technology iControl – redefining operation through new driveline software The 175hp to 348hp (133kW to 260kW) Fastracs feature the new iCon armrest console and touch-screen display to provide flexibility in operator allocation and operator information, as well as a new transmission control strategy to enhance operator comfort and powertrain efficiency, says the manufacturer...
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