Hereward
Member
- Location
- Peterborough
Same as most, I love it.
Fallow it or crop it.?
- Thread starter Clever Dic
- Start date
Hereward
Member
- Location
- Peterborough
And a Farm is a fantastic base to work from.
- Location
- Lincolnshire
I agree about the break crops. But wheat costs me £550 an acre to grow including all costs. If I added a second years rent it takes it to £700. Even taking off two years sub brings me back to £540. If I do 3.75t per acre makes my cost of wheat £144 before I make profit.
That's a fairly crude way of looking at it, because at that price I still cover my wage, house, paying off kit etc.
If I could make £200 profit from wheat, or average out at £100 profit over a wheat / fallow rotation I'd go for that.
Quite so, Clive.
The best route forward to any more advantageous low fixed cost structure for an owner on here is to flog off just enough acres to pay down all current debt - overdraft, leasing and/or mortgage.
Conversely, the best route forward for an operator on here is to attempt to acquire yet more acreage in order to try to spread the existing overhead ever more thinly in future.
It is the inevitable tension often expressed here between these two contrasting objectives which makes this forum, and particularly this thread, such an interesting one to follow.
But which tends, nevertheless, to leave the more modest owner-operator, such as yours truly, not so very much the wiser.
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jpd
Member
- Location
- rep of irl
farm like you are going to live forever
live today as if you will die tomorrow
live today as if you will die tomorrow
- Location
- Northumberlandia
Thats the golden ticket sir, If it aint in the ground you cant sell it & the very year prices do go the right way its a no brainer.
- Location
- Northumberlandia
Aye thats sum number, thought i was doing canny at £100 a acre on a really good year& even managed £185 back in 2008
Recon 2019 might be £60. but £400 must be growing shed fulls of weed or something ?
- Location
- Northumberlandia
Only snag he might be paying £200 of that back in income tax
- Location
- Lincolnshire
I aim for £100 an acre, which I think is ok on rented ground.
- Location
- Northumberlandia
am well chuffed i hit that from 2018 harvest then,
we be Quids in if had no RENT tho..... & could farm with No sub to be honest.
But the way things are atm job is struggling
Hindsight
Member
- Location
- Lincolnshire
Could buy a paper crop?! A topic beyond me but I thought I would throw it into the mix along with the pros and cons of Spring Barley, Beans etc and Cover Crops.
- Location
- Northumberlandia
a Paper crop? u mean dabble as a Commodity buyer/seller & do no physical land ops ??
Hindsight
Member
- Location
- Lincolnshire
Yep! Futures option? As I say beyond me. Others may comment.
- Location
- Northumberlandia
Like Stocks n Shares way beyond me & far far too risky
Were Farmers not Bankers playing with someone else's money.
yellow belly
Member
- Location
- south west lincolnshire
If you do not grow a crop you cannot take advantage of any increase in crop prices
in previous years when prices were low but the following year they went up because of weather if you had no crop planted you had no way of gaining from the price increase
playing on the futures is only for the very wealthy who can take the risk without losing their shirt
in previous years when prices were low but the following year they went up because of weather if you had no crop planted you had no way of gaining from the price increase
playing on the futures is only for the very wealthy who can take the risk without losing their shirt
- Location
- Northumberland
"playing on the futures" is a hell of a lot less risky than growing an unpriced crop, and often less risky than growing a pre-priced spring crop.
Not as much fun though.