4course
Member
- Location
- north yorks
doing similar with a farm loan ,however my successors are hell bent on growing the business( which I secretly applaud) though thankfully they are not stuck in pure combinable farming mode. The other thing ive come to realise as a saviour is staying alive as my and mrs 4 course will /are now in receipt of the queens shilling as per pension plus others which will or does go a fair way to replace the payment so long as weve got good health and our marbles. Others have suggested reducing fc but as ours are relatively in line there is not a lot of scope there . suppose we could reduce drawings and work longer hours to cut labour costs but why t .f .should I after a lifetime of graft and after the last 24 hours with only 5 hours rest helping to keep the drier going am not going down that routeWhat we've done is to realign the runoff of our mortgage repayments exactly with the runoff of the BPS.
This means that in 2027 we shall finally be mortgage free, first time since 1963.
And hopefully, my successors will certainly all be far too sensible than ever to want to buy another farm.