Going rate for 64k poultry manager

[Farmer_Joe]

Your dad sounded quite reasonable ,he could have said carry on son ,sold
up and had a fantastic time.

That was hes choice, (and i would not have though he was unreasonable to decide either way) and to be honest i would have been pleased to see him do it and enjoy the money, sadly he died only a around 4 years after this at least he had chance to enjoy some 'semi retirement'

 

[goodevans]

Is farming an industry that can actually pay a realistic wage ? 21st Century costs, 16th Century produce prices, and all that ? ( whatever happened to the decent whistling emoji ? )

As an aside, I reckon the free range egg job could go down in history as the 21st Century's biggest con.

Tin hat on.

I would think cryptocurrencies may be a bigger one

 

[lloyd]

That was hes choice, (and i would not have though he was unreasonable to decide either way) and to be honest i would have been pleased to see him do it and enjoy the money, sadly he died only a around 4 years after this at least he had chance to enjoy some 'semi retirement'

I'm sure he would have been more pleased to see you take it on than
money from cashing it in .
Your right that sometimes you need to see things from a different perspective.

 

[7610 super q]

I would think cryptocurrencies may be a bigger one

I didn't like to ask what crypto was...... thought maybe it was collecting Kryptonite ...

 

[Pennine Ploughing]

all this talk about the farm will be yours one day, is nothing short of emotional blackmail, and slavery, both of which is illegal in law,
when the parents die, who are they going to leave there money and property too anyway?
they should either pay a fair wage, or increase there share holding year on year, that's fair on everyone,
blackmail stinks, and avoid it at all costs

 

[Hampton]

I didn't like to ask what crypto was...... thought maybe it was collecting Kryptonite ...

It’s a pyramid scheme for the digital age

 

[Clive]

For what it’s worth

I have always been paid the going rate for my work. When I came home from collage and drive tractors and sprayers that’s was the Danae as the business world haven had ru pay any skilled tractor drivers working the same hours

Today I take a salary / package from the farm equivalent to what a manager of my skill level would take

All that is irrelevant of the business probability becoming mine one day. Fact is you have to live today and not in the future

If they don’t want to or can’t pay you the going rate then maybe take equity in the business instead, That’s how the “real world”. ie business away from farm yards works !

do not live your life based on a promise or you may end up very disappointed one day !

 

[Clive]

Not true. It is the same as you investing your money in stocks and shares.

What we do is manufacture and supply mining rigs. You invest in the technology not just 1 coin and hope to goes up in value. You can 'mine' over 700 coins. The rigs are a great way of diversifying as you do not need to monitor them every day or every week. You just plug them in and let them go to work making you a passive income. Over 50% of our clients in the UK are farmers and renewable energy customers.

Feel free to check us out Easy Crypto Hunter we are based in Manchester.

your post is about 2 years to late !


ROI on a mining rig nett of power cost ? (Not hope value)

anyone serious about mining does it in cold countries with cheap power

 

[lloyd]

Clive
How long have you been paying yourself to the same
levels of pay as regarded normal by an employee ?

At your age you should have far more experience than someone
twenty-thirty years younger .
What value do you contribute to this factor?

 

[Clive]

Clive
How long have you been paying yourself to the same
levels of pay as regarded normal by an employee ?

At your age you should have far more experience than someone
twenty-thirty years younger .
What value do you contribute to this factor?

Farm pays me a farm managers salary today. When younger and I used to just drive tractors it paid me a tractor drivers salary. As I’ve grown it I have also become owner or part owner of some of the capital asset ........ but you can’t live well off capital !

point is I’ve never worked for free or below the going rate based on a promise of “cake tomorrow” !

the farm is only one of 5 business I currently own or run though so it’s not my only income giving me a slightly different outlook I guess

 

[SteveHants]

Graduate teachers are on £30k. Personally I apply the Southern Trains Test as their workers sit on their arses all day; push a small lever back and forth; have huge union power; are often on strike; work 35 hours a week and earn well into the sixties a year for no risk.

No they aren't - an NQT is on 24K (London and maths teachers notwithstanding)

 

[Highland Mule]

I have 20% of the limited company, which owns no assets it’s just the egg business. Car I pay for myself including insurance etc. I do get the fuel to go in it though (I cover around 7k miles per year)
No bills which is a big benefit, however I’m getting to the age where I’ll be moving out, married and kids most likely within 5 years so need to get things in order before then.

Sheds are paid off, I have 20% of the shares but by no means 20% of the profit, profit stays within the company.

Thanks for your response, your view is very similar to mine. When the sheds were put up we had a very good profitable few years which allowed us to pay the sheds off, buy more land, upgrade a substantial amount of farm kit etc, with very little in terms of wages taken out of the business.
Now the egg job is on its arse the business is still profitable in the sense that we can live off it, but not rapidly expanding like we were. Personally I want the extra income to diversify into another buy to let, and increase my silver and crypto holdings. I personally think it’s important to have other assets outside of the farm.

Some of the users above seemed to think I was being unreasonable for wanting a fair wage. I think what I’m asking for is reasonable.
I will be having a chat with the family this week about it and will be wanting £28k as I think it’s a fair salary.

Think you need to clarify who owns the additional land that was bought, upgraded farm kit etc. - If the company you own shares in was profitable and yet none of that profit was sent your way, it looks like the company (i.e. you) may have been supplying cashflow to another business. That's not necessarily a bad thing, but there may be a chunk of 'shareholder funds' nominally there for you to draw upon - in the accounts if not in the balance sheet.

Get a good look at your company accounts and understand what they mean - if you're not sure or don't understand accountancy, ask someone who does. If you don't want to ask your family for copies of the accounts, you don't need to - just have a search on beta.companieshouse.co.uk.