Has anybody ever got rich through farming?

bobk

Member
Location
stafford
Runaround

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Plenty of tenant farmers through the 70's &80's made enough, purely from productive farming/hard work/not drawing much to have the skiing holidays & shooting hobby that most seem to expect today, to buy land and add on. Once you own land, and you've paid for a chunk of it, it becomes easier to borrow to expand more.

I know, we were one. My father slogged his guts out on a rented farm, milking 330 cows by the late 70's (when that was a rarity). One of the first to put a herringbone parlour in, so that he could milk more. One of the first to put OOPF's in, so he could feed them better.
In the mid-80's we bought a nearby 129ac. In the early 90's we bought a couple more sizeable chunks on overdraft, and paid it off within a year or so. All that was done from farming income only.

I'm not sure it's possible for a tenant farmer to achieve the same today though.:scratchhead:
There's a guy not too far from here, son of a county council tenant who started out himself on a 28 acre holding who now milks about 600 cows on a rented farm but has also bought at least 300 acres and 5 houses that I can think of and is now going into chickens.
When he was young he also started out doing a bit of contracting with any cheap tack he could get his hands on and is now one of the largest contractors in the area.
When he took the tenancy of the farm he's milking at he started putting buildings up on the cheap with help from local farm lads, that has developed into a farm buildings business.
I hate to think how far he's in with the bank, probably much further than most of us would be comfortable with but he's certainly done very well.
 

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