I Came home at 19 after college as we took on another farm. I’m fairly driven I’d like to think and very much the driving force with in the business as it my future that it will make a difference too.
So what do you hope for your kids if you have any.
For me it is for them to be happy with their choices and to be contented with them what ever they are.
I think they'll be driven, that comes from within, no back seat drivers.
@More to life sign of good silage
First time feeding multicut, been on last years regular cut till this week, could be entertaining for a month or two.
Politicians……. Etc
If future interest rates get to 5% or more I’m done for.
I never met a bank manager till 7 years ago,his 1st question was,what’s your overdraft? I’d never had one and despite my dad’s advice that your better off with one I’ve never felt the need for one,in the 80s his overdraft would be the value of his milkers.on a tenanted farm I found that unbelievable.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.
Paying £150k/year your making your landlords a tidy sum,it would mortgage £2.8m
I bought my 1st house at 18 and was married at 21,my only regret was not having kids earlier,married 13 years before we bothered,we were too busy empire building.
My wife says I’m thinking 5-10 years ahead and she’s thinking about today,everyone’s different such is life.
I have three, eldest lad only had one ambition whilst at school, and that was to join the Royal Marines, he left school and went straight into the Royal Marines, that was nearly twenty years ago, when he came out the Marine's he decided he wanted to be a farm manager which he now is, currently managing approximately 3500 acres, youngest lad (18) is what I'd call a slow burner, absolutely brilliant at school, could do what ever he'd like, but he doesn't want an academic life (if that's the right expression) very heavily into genetic's of various species, and the course he's taking himself in two or three years he will have a good business, daughter is sixteen, currently at college studying business, media and biology, very heavily into photography at which she is excellent, I don't know, but that's where her heart is and I shouldn't be surprised if that's where her future lie's. One thing they have all made their own choices and picked their own way, not been dictated too. You ?
That would only buy 200 acres?
There will be an awful lot more that fall over before 5% probably including the UK plc.
100 local to @Cows 'n grass without a house
So mine son 15 and daughter 11.
Yeah, mugs game being a landowner, 1% return on capital in rent. We are fortunate being in an arable area that there is limited competition for the pick of rented land.
He’d have to go north.
Not so certain about that return. Nearly twenty years ago I bought my brother and sister out of their future inheritance at market value. That one's done me alright. The land 8 years ago is a slower burner but it's moved a bit again now.
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