Cash, what to do with it come negative interest rates?

Jerry

Member
Mixed Farmer
Location
Devon
I get the feeling this is going to be a more and more likely scenario......

So what to do with cash?

Various pots to think about!

1: Cash in the business
2: Cash in personal accounts
3: Cash in pension pots nearing maturity (ie in the next 2 or 3 years)

Borrowings are minimal in business and personal accounts, most of which is on near zero interest rates.

Various values against all pots but they add up to.....
 

Johnnyboxer

Member
Location
Yorkshire
I get the feeling this is going to be a more and more likely scenario......

So what to do with cash?

Various pots to think about!

1: Cash in the business
2: Cash in personal accounts
3: Cash in pension pots nearing maturity (ie in the next 2 or 3 years)

Borrowings are minimal in business and personal accounts, most of which is on near zero interest rates.

Various values against all pots but they add up to.....

I feel your pain [emoji6]
 

Forever Fendt

Member
Location
Derbyshire
I get the feeling this is going to be a more and more likely scenario......

So what to do with cash?

Various pots to think about!

1: Cash in the business
2: Cash in personal accounts
3: Cash in pension pots nearing maturity (ie in the next 2 or 3 years)

Borrowings are minimal in business and personal accounts, most of which is on near zero interest rates.

Various values against all pots but they add up to.....
Don’t worry about it what will be will be
 

hoff135

Member
Location
scotland
Im only small fry but since Im in a fairly rare but happy position of being early 30s and owning my own house out right and being kid free, i am spending quite a bit of money on my own small farm and business.

I seriously p*sses me off the way the govt have handled the countries finances the last year, throwing money about like confetti so im getting my income tax bill down to the bare minimum. Doesnt seem any point saving so might as well buy toys with it😂😂😂
 

Jerry

Member
Mixed Farmer
Location
Devon
Help your kids on to the property ladder, if they are going to uni buy a student flat , renting out spare room will help with mortgage ,
There will be huge effort needed for youngsters to get started by themselves with covid to pay for
Help your kids on to the property ladder, if they are going to uni buy a student flat , renting out spare room will help with mortgage ,
There will be huge effort needed for youngsters to get started by themselves with covid to pay for

That’s already sorted just about.
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 79 42.5%
  • Up to 25%

    Votes: 65 34.9%
  • 25-50%

    Votes: 30 16.1%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 6 3.2%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,287
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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